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Fund Overview

US Solar Fund plc (USF or 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 by investing in a diversified portfolio of solar power assets in North America and other OECD countries in the Americas.

The Company 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).

USF’s portfolio consists of 41 projects across four US states with a combined capacity of 443 megawatts (MWDC). Its assets are fully operational, and power offtake agreements are in place for 100% of generation with creditworthy counterparties.

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 aims to deliver:

  • an annual cash-covered dividend of 5.5 cents per share, growing at 1.5 to 2% per annum, for each financial year from 2021
  • target net total return over the life of the Solar Power Assets of at least 7.5% per annum.

USF is managed by Amber Infrastructure Investment Advisor LLC, a member of the Amber Infrastructure Group (Amber). Amber 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 advises International Public Partnerships, a FTSE 250-listed company with a market capitalisation of approximately £2.5 billion (as at 30 June 2023) and 15-year track record of 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.

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US Solar Fund

IMPORTANT NOTICE:  Due to restrictions under applicable securities laws, access to this website is not permitted in certain jurisdictions. 

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.

IMPORTANT NOTICE:  Due to restrictions under applicable securities laws, access to this website is not permitted in certain jurisdictions. 

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").

THE MATERIALS CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR IN ANY OTHER JURISDICTION, OR TO ANY OTHER PERSON, WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAW OR REGULATION.

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.

By clicking "I understand and agree" below, you represent, warrant and agree that you (1) have read, understood and agree to be bound by the terms and conditions and other information set out above, (2) are permitted under applicable laws and regulations to receive the information contained herein and on the pages that follow, and (3) agree that you will not transmit or otherwise send any information contained in this website to any persons in the United States or who are US Persons or to any publications with a general circulation in the United States. If you cannot so represent, warrant and agree, you must click the button labelled "I decline" or otherwise exit this website.

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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.