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| Date | 1 Dec 2023 |
| Time | 07:00:11 |
| Category | Corporate updates |
| ID | 2783V |
1 December 2023
US SOLAR FUND PLC
("USF", or the "Company")
Investment Manager Appointment
Further to the Company's announcement on 17 November 2023, the Board of USF is pleased to confirm that Amber Infrastructure Investment Advisor, LLC, a member of the Amber Infrastructure Group, has been appointed as the Company's investment manager from 1 December 2023.
For further information, please contact:
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US Solar Fund Meredith Frost (Amber Infrastructure)
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+44 207 939 0550 |
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Cavendish Securities Plc Tunga Chigovanyika James King Will Talkington
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+44 20 7397 8900 |
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Jefferies International Limited Stuart Klein Gaudi Le Roux
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+44 20 7029 8000
|
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KL Communications |
+44 20 3995 6673 |
|
Charles Gorman Charlotte Francis |
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About Amber
Amber Infrastructure is an international infrastructure specialist, focused on investment origination, development, asset management and in Europe, fund management. Amber's core business focuses on infrastructure assets across the public, transport, energy, digital and demographic infrastructure sectors that support the lives of people, homes and businesses internationally.
Among other funds, Amber manages International Public Partnerships, a FTSE 250-listed company with a market cap of approximately £2.5 billion and 15-year track record of long-term investment in infrastructure assets globally. Amber is headquartered in London with offices in Europe, North America and Australia and employs over 180 infrastructure professionals. Amber has had a strategic partnership with the Hunt Group of Companies in the US since 2015. Learn more at www.amberinfrastructure.com.
About US Solar Fund plc
US Solar Fund plc, established in 2019, listed on the premium segment of the London Stock Exchange in April 2019. The Company's investment objective is to provide investors with attractive and sustainable dividends with an element of capital growth by owning and operating solar power assets in North America and other OECD countries in the Americas.
The solar power assets that the Company acquires or constructs are expected to have an asset life of at least 30 years and generate stable and uncorrelated cash flows by selling electricity to creditworthy off-takers under long-term power purchase agreements (or PPAs). The Company's portfolio currently consists of 41 operational solar projects with a total capacity of 443MWDC, all located in the United States.
Further information on the Company can be found on its website at http://www.ussolarfund.co.uk.