REG - US Solar Fund PLC US Solar Fund - USFP - Third Quarter Update

Us Solar FundAnnouncement

26/11/2025 07:00

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RNS Number : 9897I  US Solar Fund PLC  26 November 2025

26 November 2025

 

US Solar Fund PLC

("USF", or the "Company")

 

 

THIRD QUARTER UPDATE

 

US Solar Fund plc (LON:USF (USD)/USFP (GBP)), the renewable energy fund
investing in utility-scale solar power plants across North America, is pleased
to release its third quarter update for the period ended 30 September 2025.

 

Highlights for the quarter to 30 September 2025:

NAV update:

·    USF's NAV for the period remained stable with an unaudited NAV as of
30 September 2025 of $198.3 million ($0.64 per share). This represents a
decrease of approximately 1.1% from the audited NAV as of 30 June 2025

Dividend update:

·    Dividend of 0.875 cents per Ordinary Share for Q3 2025 is to be paid
by 29 December 2025, in line with the Company's revised dividend target of 3.5
cents per Ordinary Share

Portfolio performance:

·    Generation by the Company's portfolio during the nine-month period to
30 September 2025 was 11.5% below forecast, with 0.5% attributable to weather
and 11% attributable to technical (non-weather) factors

·    Performance during the third quarter was impacted by lead time on
parts and downtime of projects identified for capital initiatives as well as
external factors outside of the Company's control including utility grid
outages and site damage due to theft

·    Additional inverter losses were avoided during the period with the
ongoing implementation of the spare parts strategy

·    Addressing unplanned outages continue to be the focal point as the
Investment Manager progresses with certain capital initiatives and theft
remediation

Post period end:

·    Of the sites previously identified for capital investment
initiatives, two have been completed

 

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For further information, please contact:

 

 US Solar Fund                      +44 20 7939 0550

 Meredith Frost (Amber)
 Cavendish Capital Markets Limited  +44 20 7397 8900

 Tunga Chigovanyika

 KL Communications                  +44 20 3882 6644

 Charles Gorman

 Charlotte Francis

 Amy Levingston Smith

 

About US Solar Fund plc

US Solar Fund plc, established in 2019, listed on the premium segment of the
London Stock Exchange in April 2019. The Company's investment objective is to
provide investors with attractive and sustainable dividends with an element of
capital growth by owning and operating solar power assets in the US.

The solar power assets that the Company acquires or constructs are expected to
have an asset life of at least 30 years and generate stable and uncorrelated
cashflows by selling electricity to creditworthy offtakers under long-term
power purchase agreements (or PPAs). The Company's portfolio currently
consists of 41 operational solar projects with a total capacity of 443MWDC,
all located in the United States.

Further information on the Company can be found on its website at
www.ussolarfund.co.uk (http://www.ussolarfund.co.uk) .

 

About Amber Infrastructure Group

Amber Infrastructure Investment Advisor LLC, a subsidiary of the Amber
Infrastructure Group, was appointed as the Company's Investment Manager on 1
December 2023.

Amber Infrastructure Group (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 cap of £2.2billion and 15-year track record
of long-term investment in infrastructure assets globally. Amber is
headquartered in London with offices in Europe, North America and Australia
and employs c.180 infrastructure professionals. Amber has had a strategic
partnership with Hunt Companies, Inc. in the US since 2015 and completed their
previously announced strategic combination with Boyd Watterson in August 2024.

Learn more at www.amberinfrastructure.com.

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