About us


Fund Overview

US Solar Fund plc’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.

US Solar Fund listed on the LSE in April 2019, following its successful IPO which raised US$200m.

The US is a leading global solar market and is expected to experience continued strong growth, largely driven by the improving cost competitiveness of solar PV and supportive state and federal policy schemes.

US Solar Fund is aiming to deliver:

  • an annual dividend yield target of 5.5% once all Solar Power Assets are operational with an average growth rate of 1.5 –2.0% per annum (on a fully invested and geared basis)
  • initial target annual dividend yield of 2 to 3% until all Solar Power Assets are fully operational
  • target net total return over the life of the Solar Power Assets of at least 7.5% per annum

Initial proceeds are expected to be invested or committed within six to nine months of Admission, with most plants expected to be operational within the following 12 months.

US Solar Fund is managed by New Energy Solar Manager (NESM) which manages New Energy Solar (www.newenergysolar.com.au), which has committed over US$800m to 22 solar power projects (20 of which are in the US) 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$18 billion of funds under advice and management.

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US Solar Fund

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The information contained in this website does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, any securities of US Solar Fund plc in any jurisdiction in which, or to any person to whom, such offer or solicitation would be unlawful.

Terms of use

THIS WEBSITE IS NOT INTENDED TO OFFER OR TO PROMOTE THE OFFER OR SALE OF THE SHARES (THE "SHARES") OF US SOLAR FUND PLC (THE "COMPANY") IN THE UNITED STATES OR TO ANY "U.S. PERSONS" AS DEFINED IN REGULATION S ("US PERSONS") UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT").

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The information contained herein and on the pages that follow does not constitute or form a part of any offer to sell, or the solicitation of any offer to purchase or otherwise acquire, any securities in the United States or in any jurisdiction in which such an offer or solicitation would be unlawful. The Company has not been and will not be registered under the United States Investment Company Act of 1940, as amended (the "Investment Company Act") and, as such, holders of the shares of the Shares will not be entitled to the benefits of the Investment Company Act. The Shares have not been and will not be registered under the Securities Act, or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered, sold, resold, pledged, transferred or delivered, directly or indirectly, into or within the United States or to, or for the account or benefit of, any US Persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States and in a manner which would not require the Company to register under the Investment Company Act. There has been and will be no public offer of the Shares in the United States. The offer and sale of the Shares have not been and will not be registered under the applicable securities laws of Australia, Canada, South Africa, New Zealand or Japan. Potential users of the information contained herein and on the pages that follow are requested to inform themselves about and to observe any applicable restrictions.

The information contained herein and on the pages that follow may contain forward-looking statements. Any statement other than a statement of historical fact is a forward-looking statement. Actual results may differ materially from those expressed or implied by any forward-looking statement. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. You should not place undue reliance on any forward-looking statement, which speaks only as of the date of its issuance.

The Company may change these terms and conditions from time to time and any such changes will be posted on this website. Your access to this website is governed by the version of these terms and conditions then in force.

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Investment highlights

DOWNLOAD PROPECTUS
  • 5.5%+ p.a.
    Target annual dividend yield
    once portfolio is fully operational 

  • >7.5% p.a. 
    Target lifetime return (net)

  • Large and growing US solar power market

  • Established and credible
    investment manager

  • US$4.8bn
    Pipeline of solar power assets

Pipeline key features:

  • More than 60 projects located
    across 13 US states

  • >15 years
    Target weighted average PPA term

  • Predominately investment grade offtakers

Note: Refer to the US Solar Fund prospectus for further information on the above.