Amber Infrastructure Group ("Amber"), the specialist international infrastructure investment manager, is pleased to announce that Amber Infrastructure Investment Advisor, LLC, a member of Amber, has been appointed as the US Solar Fund plc ("USF" or "the Company") investment manager from 1 December 2023.
USF invests in a diversified portfolio of solar power assets in North America and other OECD countries in the Americas. The Company is listed on the premium segment of the London Stock Exchange and aims to provide investors with attractive and sustainable dividends with an element of capital growth. USF acquires, develops and/ 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 cash flows by selling electricity to creditworthy offtakers 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.
Tom O’Shaughnessy, Head of North America, Amber Infrastructure Group, said: "We are pleased that our proposal and vision for the future of USF has been selected by the Board and supported by shareholders. We look forward to working with the Board, Shareholders and the Company's advisors.”
For further information, please contact:
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US Solar Fund Meredith Frost
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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 Charles Gorman Charlotte Francis |
+44 20 3995 6673 |
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.