ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

Net Asset Value • Apr 28, 2022

National Storage Mechanism | Additional information

RNS Number : 6171J

Ecofin US Renewables Infrastr.Trust

28 April 2022

28 April 2022

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

(the "Company")

Net Asset Value

The Company announces that the unaudited net asset value as at 31 March 2022 on a cum-income basis was $122.1 million or $0. 9764 per ordinary share.  The primary contributors to the $1.6m reduction in net asset value are:

·    a $0.7 million decrease in net working capital at project level principally relating to budgeted seasonal fluctuations in operations at SED Solar Portfolio and Whirlwind and, therefore, in accounts receivable;

·    a $0.4 million decrease due to an increase in the deferred tax accrual with $0.2 million arising from operations in the quarter and $0.2 million arising from a project level prior period adjustment;

·    a $0.3 million decrease due to lower than forecasted production resulting from lower wind and solar levels at Whirlwind and SED Solar Portfolio during the quarter ended 31 March 2022;

with the balance of the reduction attributable to various smaller adjustments and the rolling forward of the discounted cash flow valuations.

For further information, please contact:

Ecofin Advisors, LLC (Investment Manager)  Jerry Polacek  Matthew Ordway  Prashanth Prakash	+1 913 981 1020
Peel Hunt LLP (Joint Corporate Broker) Liz Yong Luke Simpson Huw Jeremy	+44 20 7418 8900
Stifel (Joint Corporate Broker) Mark Bloomfield Alex Miller	+44 20 7710 7600
Sanne Fund Services (UK) Limited (Company Secretary)              Martin Darragh Maria Matheou	+44 20 3327 9720
FTI Consulting (Financial PR) Matthew O'Keeffe Mitch Barltrop Vee Montebello	+44 7976 075797

Further information on the Company can be found on its website at https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/.

The Company's LEI is 2138004JUQUL9VKQWD21.

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