US Solar Fund PLC CEO appointment (5878I)
August 13 2021 - 4:26AM
UK Regulatory
TIDMUSF TIDMUSFP
RNS Number : 5878I
US Solar Fund PLC
13 August 2021
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13 August 2021
US SOLAR FUND PLC ("USF", the "Company")
CEO appointment
US Solar Fund plc (LON: USF (USD)/USFP (GBP)) advises that its
investment manager, New Energy Solar Manager (NESM), has appointed
Liam Thomas as its new CEO, effective from 1 October 2021.
Liam is the current Chief Investment Officer of NESM. He joined
NESM in March 2016 and has overseen the acquisition and
construction of utility-scale solar asset portfolios for USF and
New Energy Solar, the Australian-listed fund also managed by NESM.
Liam has 17 years of experience in the renewable energy,
infrastructure, and agribusiness sectors including roles with
Origin Energy, Aurizon, and Orica.
Liam succeeds John Martin who is taking up a position as CEO of
Windlab Pty Ltd, a global renewable energy development company.
John's last day with NESM will be 30 September 2021.
Gill Nott, Chair of USF, commented: "The Board would like to
congratulate Liam on his new appointment as CEO of NESM, the
investment manager of USF, and also thank John for all his efforts
since USF's IPO."
Liam Thomas said: "I am excited to be assuming the role of CEO
of NESM. I look forward to continuing to work with the USF Board to
grow the Company into a leading investor in US solar
infrastructure."
For further information, please contact:
US Solar Fund
Whitney Voute +1 718 230 4329
Cenkos Securities plc
James King
Tunga Chigovanyika
Will Talkington +44 20 7397 8900
Jefferies International Limited
Stuart Klein
Gaudi le Roux +44 20 7029 8000
KL Communications +44 20 3995 6673
Charles Gorman
Will Sanderson
About US Solar Fund plc
US Solar Fund plc, established in 2019, is listed on the premium
segment of the London Stock Exchange in April 2019 with a market
capitalisation of approximately $340m. 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 North America and other OECD countries in the
America.
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 42
operational solar projects with a total capacity of 493MWDC, all
located in the United States.
Further information on the Company can be found on its website
at http://www.ussolarfund.co.uk .
About the Investment Manager
USF is managed by New Energy Solar Manager (NESM). NESM also
manages New Energy Solar, an Australian Securities Exchange
(ASX)-listed fund. NESM manages over US$1.4bn of invested capital
across US and Australian solar plants.
NESM is owned by E&P Funds, the funds management division of
E&P Financial Group, an ASX listed company (ASX: EP1) with over
A$20 billion of funds under advice.
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