US Solar Fund PLC FIFTH ACQUISITION UPDATE (7020O)
June 02 2020 - 6:58AM
UK Regulatory
TIDMUSF TIDMUSFP
RNS Number : 7020O
US Solar Fund PLC
02 June 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO OR WITHIN
THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER
JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO WOULD
BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE
OR FORM PART OF ANY OFFER TO SELL OR ISSUE, OR ANY SOLICITATION OF
ANY OFFER TO PURCHASE, SUBSCRIBE FOR OR OTHERWISE ACQUIRE, ANY
INVESTMENTS IN ANY JURISDICTION.
2 June 2020
US SOLAR FUND PLC (USF, the "Company")
FIFTH ACQUISITION UPDATE
FINANCIAL CLOSE ON FOUR SOLAR PROJECTS (61MW(DC) ) IN OREGON
US Solar Fund plc (LON: USF (USD)/USFP (GBP)) is pleased to
announce that it has closed the acquisition of the cash equity
interests in an approximately 61MW(DC) portfolio of four
mechanically-complete utility-scale solar plants located in Oregon.
This occurred simultaneously with the financial close of tax equity
financing and a binding loan commitment from the loan-term debt
provider. The Company announced the acquisition on 28 May 2020 and
has since progressed to financial close.
Further information on the Company can be found on its website
at U32T 32 http://www.ussolarfund.co.uk
For further information, please contact:
US Solar Fund
Whitney V oûte +1 718 230 4329
Cenkos Securities plc
Will Rogers
Rob Naylor
Will Talkington +44 20 7397 8900
KL Communications +44 20 3995 6673
Charles Gorman
Charlotte Stickings
About US Solar Fund plc
US Solar Fund plc listed on the premium segment of the London
Stock Exchange in April 2019, following its successful US$200m IPO.
The Company's investment objective is to provide investors with
attractive and sustainable dividends with an element of capital
growth by investing in a diversified portfolio of solar power
assets in North America and other OECD countries in the
Americas.
The Company acquires or constructs, owns and operates solar
power assets that are expected to have an asset life of at least 30
years and generate stable and uncorrelated cashflows by selling
electricity to creditworthy offtakers under long-term power
purchase agreements (or PPAs).
About the Investment Manager
USF is managed by New Energy Solar Manager (NESM). NESM also
manages New Energy Solar, an Australian Securities Exchange
(ASX)-listed fund which has committed over US$1bn to US and
Australian solar plants since late 2015.
NESM is owned by Walsh & Company, the funds management
division of Evans Dixon, an ASX-listed company (ASX: ED1) with over
A$20 billion of funds under advice and management.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ACQUUVRRRNUNRAR
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