NextEnergy Solar Fund sustainability score: 56/100
NextEnergy Solar Fund is a Guernsey-registered investment entity managing a portfolio of solar generation and battery storage assets across Europe. It has no employees and functions as an Article 9 SFDR fund, with investment management delegated to NextEnergy Capital.
More about NextEnergy Solar Fund
Total net income FY2026 was £33.3M; the fund reports financed emissions on a portfolio basis.
Founded 2013Head office GuernseyStaff No employeesRevenue £33.3M total net income (FY to 31 Mar 2026)Website ↗
NextEnergy Solar Fund reports solar portfolio emissions with no independent assurance, relying on external calculators. Emissions fell sharply year-on-year but largely due to one-off construction completion. Scope 2 rose 6% on supplier change. Nature metrics improved via methodology revision; panel recycling and decommissioning targets absent. No controversies found.
NextEnergy Solar Fund scores 56/100 (Making progress) on SINK's independent climate assessment, scored from public data only. Scores are free. Companies can never pay for anything about their own score. Last verified November 2026.
That places NextEnergy Solar Fund joint 39th of 988 companies scored, and 3rd of 63 in Financial Services / Banking.
What is NextEnergy Solar Fund doing well, and where does it fall short?
Strongest on Controversies & Red Flags and Carbon Footprint: Supply Chain (8/10, 7/10). Weakest on Energy Source and Emissions Trajectory (4/10, 5/10).
Where NextEnergy Solar Fund lost points
For each question that lost points, the evidence our public rubric looks for that we didn't find.
- Emissions from its own operations6/10Its own emissions aren't independently verified or tracked over several years.
- Emissions from its supply chain7/10No full value-chain map or supplier engagement programme.
- Whether its emissions are falling5/10No evidence of a year-on-year fall in its total emissions.
- How clean its energy is4/10Less than half its energy shown to be renewable, or no transition plan.
- Its effect on nature7/10No verified restoration beyond its own footprint, or supply chain not mapped for nature risk.
- How it uses materials and handles waste5/10No measurable waste or recycling targets reported publicly.
- Its effect on water5/10No measured water footprint with reduction targets.
- Its climate targets5/10Its targets aren't science-based or committed to the Science Based Targets initiative.
- How openly it reports7/10No annual impact report, or no pay linked to climate targets.
A score changes when the evidence does. We use new published evidence at the next rescore. Anyone can send us new evidence, free. How to send it.
How is NextEnergy Solar Fund's SINK score calculated?
Same ten questions for every company. No private weighting.
SINK = (0.3 × Base + 0.7 × Performance) × ScaleWhat evidence is NextEnergy Solar Fund's score based on?
10 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.
30% of them were published by NextEnergy Solar Fund itself; the rest come from independent sources.
NextEnergy Solar Fund is an investment company whose income is investment income, so under our majority-revenue rule it is classed as Financial Services / Banking. NextEnergy Solar Fund's 6,165 tonnes, its equity and debt share of its projects' emissions (PCAF-style attribution), count as its financed figure (owner ruling 2026-11-06). Whether funds like this should be looked through to the generation they own is queued for our next method update, to be decided for all funds.
“NESF uses third-party experts to measure its GHG emissions and emissions avoided.”
“NESF has developed a market-leading approach to managing supply chain Sustainability and ESG Risk”
“for a 13% stake in a 210 MW solar PV project being constructed in Santarem, Portugal”
“NextEnergy Solar Fund (NESF) has bolted on a further four under-construction solar farms to its growing asset portfolio.”
“The board of NextEnergy Solar Fund (NESF) has put the company up for sale”
“NextEnergy Solar Fund rejected a takeover proposal from Foresight Solar Fund last month”
“NextEnergy Solar Fund Ltd on Wednesday declared the start of a formal sale process”
“Investors Next Energy Solar Fund and Bluefield hike quarterly asset valuations”
“the London-listed investment company that owns solar power plants in the UK and Portugal”
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How does NextEnergy Solar Fund compare with other financial services / banking companies?
Where NextEnergy Solar Fund sits among financial services / banking peers.
Among the 63 major financial services / banking brands we've scored, NextEnergy Solar Fund sits 3rd of 63.
Who scores higher in Financial Services / Banking?
The 2 companies in the sector scoring nearest above NextEnergy Solar Fund.
Triodos leads on financed emissions disclosure (100% PCAF coverage since 2019) and rejected net-zero greenwashing by leaving the NZBA.
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