ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

M&A Activity • Dec 31, 2020

National Storage Mechanism | Additional information

RNS Number : 2116K

Ecofin US Renewables Infrastr.Trust

31 December 2020

31 December 2020

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

ACQUISITION OF SEED ASSETS

Ecofin U.S. Renewables Infrastructure Trust PLC ("RNEW" or the "Company") is pleased to announce that it has now completed the acquisition of three of the four seed investments described in its prospectus dated 11 November 2020.

The third seed investment, acquired for an aggregate consideration of $21.1m, includes a 100% ownership interest in a 11.3 MW commercial rooftop and ground-mount solar portfolio consisting of 52 operating assets in Massachusetts and 1 operating asset in Connecticut ("Seed Investment 3"), which have 100% of their revenues contracted with a weighted average remaining term of approximately 16 years.    

Commenting on today's announcement, Jerry Polacek, Managing Director and Group Lead of Private Clean Energy & Infrastructure at Ecofin, said:

"With this portfolio of contracted operating solar assets closed, RNEW has acquired three of the four seed investments totalling approximately 60% of the seed portfolio within two weeks of its initial listing.  Ecofin remains focused on completing the acquisition of the remaining seed investment ("Seed Investment 1") in early 2021 and on continuing to fulfill RNEW's investment strategy."

All definitions in this announcement refer to the Prospectus dated 11 November 2020.

For further information, please contact:

Ecofin Advisors, LLC (Investment Manager) Jerry Polacek Matthew Ordway Prashanth Prakash	+1 913 981 1020
Stifel (Corporate Broker) Mark Bloomfield Nick Donovan Maarten Freeriks	+44 207 710 7600

Further information on the Company can be found on its website at https://ecofininvest.com/rnew.

The Company's LEI is 2138004JUQUL9VKQWD21.

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