Last checked at 
2 Jun 2020 11:58
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2 June 2020
US SOLAR FUND PLC (USF, the "Company")
FIFTH ACQUISITION UPDATE
FINANCIAL CLOSE ON FOUR SOLAR PROJECTS (61MWDC) 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 61MWDC 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 atU32T 32http://www.ussolarfund.co.uk
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).
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.