UK's US Solar Fund interim NAV largely flat as performance stabilizes

Us Solar Fund

28/09/2026 07:09

Overview
US renewable energy fund's interim net asset value was largely stable at $185.9 mln
Operational performance stabilized as asset remediation initiatives contributed to improvements
Company plans to declare a modest Q4 dividend, pending improved cash flow visibility

Outlook
Company expects further operational improvements by year-end as remediation plans are completed
US Solar Fund will consider declaring a modest Q4 dividend based on improved performance
Company continues to progress potential sale of its portfolio with extended exclusivity to a buyer

Result Drivers
ASSET REMEDIATION - Co said completion of capital investment initiatives at California assets and improved O&M practices drove operational performance improvements
SOLAR IRRADIANCE - Higher than forecast solar irradiance led to a 2.8% increase in performance
OUTAGE IMPACT - Significant outage at Milford asset led to 3% underperformance during the period; outage has been rectified

Company press release: ID:nRSb4224Wa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Asset Value
 
$185.90 mln
 
H1 Net Asset Value Per Share
 
$0.60
 

Reuters Recommended Reads
Sept 25 - Data center IPO hopefuls brave tougher market as investor scrutiny grows
Sept 25 - UN expands list of companies linked to Israeli settlements

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)