US Solar Fund (GB:USF) has released an update.
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US Solar Fund PLC has announced the termination of Renewable Energy Certificate contracts for six Oregon projects, expected to impact cash flow by approximately $8 million, with additional incurred costs. The company’s new investment manager, Amber Infrastructure Investment Advisor, is conducting a detailed review and exploring recovery options for the losses. Additionally, USF has appointed experienced energy sector professional Mark Lerdal as an independent non-executive director, enhancing its board’s expertise in renewables.
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