Ecofin U.S. Renewables Infrastructure Trust plc's investment objective is to provide shareholders with an attractive level of current distributions by investing in a diversified portfolio of mixed renewable energy and sustainable infrastructure assets predominantly located in the United States with prospects for modest capital appreciation over the long term.

Fund Stats as of 11/05/2021:

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Share Price (US$)

$1.01

Latest Quarterly NAV

$0.99

Premium/Discount

1.86%

Dividends declared

0.4¢

Ecofin U.S. Renewables Infrastructure Trust plc (the "Company") invests in a diversified portfolio of renewable assets predominantly in the United States, but it may also invest up to 15% of gross assets in other OECD countries. Sectors eligible for investment by the Company include renewable energy (solar, wind, battery storage, biomass, hydroelectric and microgrids), water and waste-water and related renewable assets sectors, with a predominant focus on solar and wind.

The Company will seek to invest primarily through privately-negotiated middle market acquisitions of long-life renewable assets which are construction-ready, in-construction and/or currently in operation with long-term power purchase agreements or comparable contracts with investment-grade quality counterparties, including utilities, municipalities, universities, schools, hospitals, foundations, corporations and others.

News & Insights

Latest Announcements

Financial Calendar

Ordinary share dividends declared January, April, July, October
AGM June
Half-year end 30 June
Release of Interim Report September
Financial year-end 31 December
Release of Annual Report April

Board of Directors

Patrick O'D Bourke
25 years experience

  • Significant investment experience in Europe, U.S. and Australia
  • Experience in energy and infrastructure, especially renewable energy
  • Served as Chairman of Audit Committee at Affinity Water and Chairman of Trustees of Viridian Group pension fund
  • Previously with Peat Marwick (now KPMG), Hill Samuel, Barclays de Zoete Wedd and Powergen
  • Cambridge University

Tammy Richards
25 years experience

  • Expertise in risk management, structured finance and multi-sector leadership
  • Served as the Deputy Chief Credit officer of the energy finance unit, a global US$15 billion business focused on complex debt and equity investments in the energy sector
  • Held positions of European Risk Leader, Emerging Markets for the Structured Finance Group in London and Deputy Chief Risk Officer for Energy Financial Services
  • Previously a Managing Director, Credit Risk and Portfolio Analytics with GE Capital Corporation
  • Dartmouth College and Cornell University

Louisa Vincent
30 years experience

  • Significant experience in financial services in the UK, Australia, Benelux, Nordics and the Gulf
  • Held position of Managing Director, Head of Institutions at Lazard Asset Management, and before that, Head of Client Service for SSgA
  • Chair of Fight For Sight, the UK’s leading eye research charity
  • MBA (Exec) from Australian Graduate School of Management (AGSM). Deakin University/Royal Melbourne Institute of Technology

David Fletcher
40 years experience

  • Currently Chairman of two Audit Committees, and related non executive directorships
  • Direct experience and involvement in Board Risk, Remuneration and Compliance Committees
  • Understanding of board and management dynamics and governance from membership to Exco etc
  • Held CF1 and CF2 FCA controlled functions
  • Strong understanding of corporate strategy, business development as well as acquisition and disposal of businesses
  • International dimension, having worked in Hong Kong and Japan as well as Director of a Group with operations in overseas jurisdictions
  • Broad sector experience including Asset Management, Family Office, Life Assurance, Private Equity and Corporate Advisory
  • Prior executive directorships of UK regulated Companies
  • Member of the Finance Committee of The Hurlingham Club (2013-2017) and currently a Governor of the Roehampton Church of England Primary School

Investment Team

Jerry Polacek, CFA
Managing Director and Group Lead
19 years experience

  • Co-founded Energy & Infrastructure Capital LLC (EIC)
  • Co-founded GE Energy Financial Services’ renewable energy group
  • Adelphi University, BA; Columbia University, MBA

Matthew Ordway
Managing Director
18 years experience

  • Co-founded EIC
  • Previously with Ridgeline, First Wind, GE Energy Financial Services
  • Fairfield University, BS; Columbia University, BS, MBA

Prashanth Prakash, CFA
Director
12 years experience

  • Co-founded EIC
  • Previously with Deutsche Asset & Wealth Management and JPM Infrastructure Investment Fund
  • National Institute of Technology, India, BS; University of Rochester, MBA

Jakob Tobler
Senior Associate
7 years experience

  • Previously with New England Pension Consultants (NEPC)
  • University of Nevada, BS; Vanderbilt University’s Owen Graduate School of Management, MSc

Company Secretary & Registered Office

PraxisIFM Fund Services (UK) Limited

1st Floor, Senator House
85 Queen Victoria Street
London
EC4V 4AB

  • Investment Manager

    Ecofin Advisors, LLC

    5100 W. 115th Place
    Leawood, KS 66211
    United States

  • Administrator

    PraxisIFM Fund Services (UK) Limited

    85 Queen Victoria Street
    London
    EC4V 4AB

  • Broker

    Stifel Nicolaus Europe Limited

    150 Cheapside
    London EC2V 6ET

  • Legal advisers to the Company

    Norton Rose Fulbright LLP

    3 More London Riverside
    London
    SE1 2AQ

  • Auditor

    BDO LLP

    BDO LLP
    55 Baker Street
    London
    W1U 7EU

  • Registrar

    Computershare Investor Services PLC

    The Pavilions, Bridgwater Road, Bristol
    BS99 6ZZ, United Kingdom
    Telephone for enquiries: +44 (0)370 703 6234
    www.investorcentre.co.uk

The share register for Ecofin U.S. Renewables Infrastructure Trust plc is maintained by Computershare Investor Services. If you have a problem – such as a lost documentation or dividend cheque – please contact Computershare Investor Services directly. Your account details may also be accessed by using their website.

Computershare Investor Services PLC
The Pavilions, Bridgwater Road, Bristol
BS99 6ZZ, United Kingdom

Telephone for enquiries: +44 (0)370 703 6234

www.investorcentre.co.uk

WebCorres@computershare.co.uk

Ecofin seeks to analyse ESG factors on a consistent basis to maximize the impact of its investment activities

Commitments

  • Reduce carbon emissions – Company will contribute to combatting climate change by reducing carbon and other greenhouse gas emissions, and reducing pollution while not compromising investors' desire for stable cash yields and attractive total returns
  • PRI signatory – In alignment with the U.N.-supported Principles For Responsible Investment (PRI), the Investment Manager is committed to integrating ESG criteria into its investment process to enhance overall governance
  • Report annual ESG impact – ESG criteria and impact of the Company's investment activities will be measured, analysed, and reported to investors on an ongoing basis, culminating with an annual ESG Impact Report

Environmental

Analyse

  • Analyse each asset’s contribution to decarbonization and actively manage assets to realize those objectives

Assess

  • During due diligence, engage third party environmental consultants to produce Phase 1 reports that assess environmental impacts of each asset

Mitigate

  • Consider mitigation prior to investment

Social

Analyse

  • Analyse the impact investments have on the local community including contributing a positive economic impact through tax related payments and recurring lease revenue to landowners

Engage

  • Engage with the community and hire experienced O&M, project asset management, and construction firms which will be held responsible for reporting on health and safety incidents related to the assets

Governance

Comply

  • During due diligence, engage legal counsel and independent engineering firms to confirm project compliance with all permitting and regulatory requirements

Implement & monitor

  • Implement strong corporate governance structures:
    • Asset level - operations and regulatory reporting through the operator and asset manager
    • Portfolio level - global processes for the investment advisor combined with an experienced, independent Board

LSE Green Economy MarkProud to be awarded the London Stock Exchange Green Economy Mark