New Solar investment manager launches $200m UK solar company

Company News

by Katrina Bullock

New Energy Solar's (ASX:NEW) investment manager, Evans Dixon has established a $200 million solar energy investment company.

The new company, US Solar Fund PLC, will be listed on the London Stock Exchange.

It will target institutional investors and will invest in utility scale solar power projects in the United States and other OECD countries in the Americas.

New Solar has will make an investment of $15 million US dollar in US Solar Fund plc, and believes that the establishment of the fund offers new co-investment opportunities, access to larger, high-quality projects and operational economies of scale which will allow New Solar to grow, diversify and reduce fees and operating costs.

Shares in New Energy Solar (ASX:NEW) are trading 0.36 per cent higher at $1.38.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.