Ebest Investment & Securities Exclusive Domestic Distributor of UK Solar Power Dedicated Fund

[Photo by Ebest Investment & Securities]

[Asia Economy Reporter Lee Jung-yoon] Ebest Investment & Securities announced on the 31st that it has signed an exclusive domestic sales contract for a 1 trillion KRW-scale solar power dedicated fund established by the UK-based Next Energy Capital Group (NEC Group).

The NEC Group’s ‘NextPower UK ESG (NPUK ESG)’, for which the contract was signed this time, is a fund that invests in new solar power plants in the UK. Designed as an investment aligned with the United Nations Sustainable Development Goals (UNSDG), it is expected to generate positive social and environmental effects, including profits from solar power generation, renewable energy supply, and carbon emission reduction.

The fundraising target for the fund is 500 million to 1 billion euros (approximately 670 billion to 1.3 trillion KRW). The UK government has already committed to investing 250 million euros (approximately 330 billion KRW). It is currently attracting investment funds worldwide, and domestically, Ebest Investment & Securities is the exclusive seller targeting institutional investors. On June 14, Shane Swords, the Chief IR Officer of NEC Group, will visit Korea to meet with major domestic clients and introduce the fund.

NEC Group, the fund manager, is a solar power generation specialist firm established in the UK in 2007. Currently, the total assets under management of NEC Group amount to 3.2 billion USD (approximately 4 trillion KRW).

Meanwhile, Ebest Investment & Securities intends to continue its ESG (Environmental, Social, and Governance) related initiatives, using the exclusive sales of NPUK ESG as a starting signal. In fact, it is also preparing to sell another global ESG fund.

An official from Ebest Investment & Securities said, "The NPUK ESG fund is currently recruiting institutional investors with the goal of a first closing in July," adding, "As a new ESG fund from a leading European solar power specialist manager, and with increased credibility due to the UK government’s investment, we expect significant investment participation."

This content was produced with the assistance of AI translation services.