In QuotedData’s morning briefing 7 June 2022:
- US Solar Fund (USF) has bought a further 25% interest (Tranche 2) in the 200MWDC Mount Signal 2 solar plant, taking its total ownership to 50% or 100MWDC. The deal was funded with available cash. US Solar Fund’s portfolio now comprises 42 fully operational assets with a combined capacity of 543MWDC across five states in the US. The acquisition increases USF’s weighted average investment-grade power purchase agreement (PPA) term from 14.1 years to 14.5 years and further enhances geographic diversification.
We also have news of a new investment by Apax, the creation of an independent valuation committee for Chrysalis, and the launch of a fundraise by Downing Renewables and Infrastructure and annual results from Schroder REIT, NewRiver REIT and LXI REIT