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Proactive Investors - NextEnergy Solar Fund Ltd (LON:NESF) has announced the appointment of Helen Mahy to its board as a non-executive director with effect from 1 April 2023 and said she will succeed Kevin Lyon as chairman of NESF from the next AGM in August 2023.
Lyon has been chairman of NESF since the company's IPO in 2014, having played a substantial role in the expansion and development of the company. The company his fellow directors and the company's investment adviser took the opportunity to thank him for his leadership and for the many contributions he has made during his tenure.
NESF noted that Mahy brings a depth of knowledge in relation to the energy sector to the company. She recently retired as chairman of The Renewables Infrastructure Group (£3.27bn market cap as of 28 November 2022) and has valuable experience in investor and stakeholder engagement from that role and others.
Mahy currently sits as a non-executive Director of SSE PLC and Gowling WLG (UK) LLP, whilst also serving as a Commissioner for The Equality and Human Rights Commission. She has previously served as group general counsel and company secretary of National Grid PLC (LON:NG).
In a statement, Lyon commented: "We are absolutely delighted to welcome Helen to the Board. We believe her experience and long-standing commitment to the renewable energy sector will allow her to bring a wealth of knowledge and insight to the Board and support the Company's further expansion."
Mahy added: "I am very pleased to be joining the Board of NESF which will allow me to continue to pursue my enthusiastic interest in renewables. I am very much looking forward to working with my Board and manager colleagues from April 2023."
NESF is a specialist solar and energy storage climate impact fund. The company is structured as a renewable energy investment company listed on the premium segment of the London Stock Exchange that invests in utility-scale solar power plants and energy storage.
The company may invest up to 30% of its gross asset value in non-UK OECD countries, 15% in solar-focused private infrastructure funds, and 10% in energy storage.