US Solar Fund Plc

USFP

GB00BJCWFX49

Investment Trusts

Market Closed - London S.E. Other stock markets 09:05:13 24/05/2024 pm IST			5-day change	1st Jan Change
39.25 ^GBX	0.00%		0.00%	-8.40%

22/05	US Solar Fund plc Announces First Quarter Dividend for the Year 2024, Payable on July 5, 2024	CI
24/04	EARNINGS AND TRADING: Nichols trading in line; Ondine revenue doubles	AN

US Solar Fund sells 50% stake in Mount Signal 2

April 25, 2023 at 04:50 pm IST

US Solar Fund PLC - investment company focusing on owning and operating solar power assets in North America - Signs binding agreement to sell its 50% interest in 200 megawatt Mount Signal 2 asset to MN8 Energy LLC. Says MN8 is a renewable energy business formerly known as Goldman Sachs Renewable Power LLC. The option gives MN8 the right to acquire a 50% stake in the Mount Signal 2 asset for USD52.2 million plus a non-refundable option fee of USD1 million.

MS2 sale will imply a gross return of around 11% per year since US Solar Fund announced the agreement to acquire up to 50% of MS2 from New Energy Solar in December 2020, it says.

US Solar Fund expects the transaction to close in the second quarter of 2023.

Current stock price: USD0.81

12-month change: down 11%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about US Solar Fund Plc

US Solar Fund plc Announces First Quarter Dividend for the Year 2024, Payable on July 5, 2024	22/05	CI
EARNINGS AND TRADING: Nichols trading in line; Ondine revenue doubles	24/04	AN
US Solar Fund Plc Decides to Reduce the Target Dividend for 2024	24/04	CI
US Solar Fund ups dividend despite drop in NAV	25/03	AN
US Solar Fund Plc Announces Dividend for the Fourth Quarter of 2023, Payable on 30 April 2024	25/03	CI
Two Rio Tinto execs sell GBP7.8 million in shares	27/12	AN
US Solar Fund expects NAV boost from renewable contracts	18/12	AN
US Solar Fund plc Announces Dividend for the Third Quarter of 2023, Payable on 29 December 2023	30/11	CI
US Solar Fund appoints new investment manager	17/11	AN
CPP reports new business wins for Blink division	01/23/01	AN
EARNINGS: Ukrproduct outlook uncertain amid war; Microlise revenue up	28/23/28	AN
US Solar Fund plc Announces Second Quarter 2023 Dividend, Payment Date of 27 October 2023	28/23/28	CI
US Solar Fund prefers Amber Infrastructure as new investment manager	21/23/21	AN
US Solar Fund notes continued improvement of underlying portfolio	07/23/07	AN
FTSE 100 Closes Up 0.2% Lifted by Oil Stocks	10/23/10	DJ
UK Long-Dated Gilt-Yields Rising Fast, Inverted Gilt Yield Curve Flattens	10/23/10	DJ
US Solar Fund announces plan to launch share buyback programme	10/23/10	AN
US Solar Fund Plc Provides Strategic Review Update	10/23/10	CI
US Solar Fund closes sale of 50% interest in Mount Signal 2	26/23/26	AN
MN8 Energy, Inc. completed the acquisition of a 50% stake in 200MW Operating Solar Plant Located in the Imperial Valley of Southern California from US Solar Fund Plc managed by New Energy Solar Manager Pty Limited for $52.2 million.	26/23/26	CI
US Solar Fund declares dividend on target despite value dip	30/23/30	AN
US Solar Fund plc Announces First Quarter 2023 Dividend, Payable on July 7, 2023	30/23/30	CI
FTSE 100 outperforms as Beazley, GSK shine	12/23/12	AN
TClarke extends gain; Eurocell slumps	12/23/12	AN
US Solar Fund terminates formal sales process, cites no adequate offer	12/23/12	AN

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Company Profile

US Solar Fund plc is a United Kingdom-based renewable energy fund. The Companyâs investment objective is to provide investors with attractive, sustainable dividends along with an element of capital growth through its investment in a diversified portfolio of utility-scale solar power plants across North America and other Organization for Economic Co-operation and Development (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 cash flows by selling electricity to creditworthy off takers under long-term power purchase agreements (PPAs). The Company has invested in six transactions, including 42 projects across four states and with a combined capacity of 543 megawatts (MW). The Company is managed by Amber Infrastructure Investment Advisor, LLC.

Sector

Investment Trusts

Calendar

18/09/2024 - Q2 2024 Earnings Release (Projected)

More about the company

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.3925

Average target price

Consensus

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