Last checked at 
30 Jun 2020 07:00
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30 June 2020
US SOLAR FUND PLC (USF, the "Company")
DIRECTOR APPOINTMENT
US Solar Fund plc (LON: USF (USD)/USFP (GBP)) is pleased to announce the appointment of Thomas Plagemann as an independent non-executive director of the Company with effect from 29 June 2020.
Thomas is the Chief Commercial Officer and Head of Capital Markets for Vivint Solar, and he has over 25 years of experience originating and executing financings and investments in renewables, energy and infrastructure assets in the US and globally. He has been involved as advisor, debt arranger, or equity investor in projects with capital costs in excess of $30 billion at companies including First Solar, a leading solar developer and manufacturer, AIG, GE Capital and Deutsche Bank.
Thomas also brings valuable industry perspectives from his role on the Board of the Solar Energy Industry Association ("SEIA") since 2013 and his current role as Chair of the SEIA's State Policy Committee. Thomas is based in New York.
Thomas does not own any shares in the Company.
Gill Nott, Chair of the Company, commented:
"I am delighted to have Thomas join the Board as an independent non-executive director. Thomas' experience will be hugely valuable to the Board and the Company as it develops and grows its strong portfolio of solar assets in the US."
There are no other disclosures to be made pursuant to Listing Rule 9.6.13.
For further information, please contact:
US Solar Fund Whitney Voûte
| +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).
Further information on the Company can be found on its website at http://www.ussolarfund.co.uk.
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$900m 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.