US Solar Fund Plc (USFP) ORD USD0.01 (GBP)
US Solar Fund plc is a United Kingdom-based renewable energy fund. The Company’s investment objective is to provide investors with dividends, with an element of capital growth, by investing in a diversified portfolio of solar power assets in North America and other Organisation for Economic Co-operation and Development (OECD) countries in the Americas. The Company acquires or constructs, and owns and operates solar power assets, which are expected to have an asset life of at least 30 years and generate stable and uncorrelated cash flows by selling electricity under long-term power purchase agreements. The Company is managed by New Energy Solar Manager, which has committed a total of approximately United States $1.3 billion to utility-scale solar assets, with a portfolio of approximately 57 solar power projects out of which approximately 55 are in the United States of approximately 1.2 gigawatt (GW). Its portfolio has approximately 41 projects across four states in the United States.
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