REG - Ecofin US Renewables - Investment Management Update

Ecofin US Renewables Infrastructure TrustAnnouncement

20/12/2024 07:00

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RNS Number : 8256Q  Ecofin US Renewables Infrastr.Trust  20 December 2024

20 December 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON THE
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INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

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ANY JURISDICTION.

 

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC (the "Company")

 

Investment Management Update

 

The Board of Ecofin U.S. Renewables Infrastructure Trust PLC (the "Company"
or "RNEW") has been informed by its AIFM and investment manager, Ecofin
Advisors, LLC ("Ecofin"), that group lead and portfolio manager Eileen
Fargis will leave Ecofin on 31 December 2024 to pursue a new opportunity.

 

Ed Russell, Senior Managing Director of Ecofin, who has had overall
responsibility for RNEW's portfolio for several years will become portfolio
manager for RNEW with effect from 1 January 2025.  Ed is supported by Nancy
Johnson who heads the Finance and Asset Management team, and who works on the
operational performance of each of the assets in the portfolio.  Eileen will
be retained as a part-time consultant by Ecofin over Q1 2025 to support Ed and
Nancy in the management of RNEW.

 

The priorities are maintaining focus on managing RNEW's existing assets as
well as progressing the Managed Wind Down announced on 9 September 2024 and
which is subject to shareholder approval.

 

 

For further information, please contact:

 

 Ecofin U.S. Renewables Infrastructure Trust plc (via the Company Secretary)

 Patrick O'D Bourke

 Brett Miller

 Ecofin Advisors, LLC (Investment Manager)                                    +1 913 981 1020

 Edward Russell

 Marathon Capital (Financial Adviser)                                         +1 646 823 1650

 Ammad Faisal
 Stifel (Corporate Broker)                                                    +44 20 7710 7600

 Edward Gibson-Watt

 Madison Kominski
 Apex Listed Companies Services (UK) Limited (Company                         +44 20 4582 6470
 Secretary)

 Jenny Thompson

 Edmar Mabal

Further information on the Company can be found on its website at
https://rnewfund.com/ (https://rnewfund.com/)

 

The Company's LEI is 2138004JUQUL9VKQWD21.

 

The person responsible for arranging for the release of this announcement on
behalf of the Company is Jenny Thompson of Apex Listed Companies Services (UK)
Limited.

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