March 21 (Renewables Now) - US Solar Fund Plc (USF), the newly-formed solar power investor that is preparing for a USD-250-million (EUR 220m) listing in London, will be accepting applications under the offer for subscription by April 10.
As previously announced, the fund has revised the timetable to give a small number of additional investors more time to complete their due diligence. It published the new timetable today.
USF anticipates to publish the results of the initial issue on April 11. Initial admission and dealings in ordinary shares will start on April 16.
The fund plans to commit to, or invest in, some of the US solar assets identified by its manager New Energy Solar Manager (NESM). The particular pipeline of opportunities has a total value of more than USD 4.8 billion.
(USD 1.0 = EUR 0.880)