The US Solar fund reported portfolio growth in the year to 31 December 2022, but its net asset value has fallen slightly, it said in its annual report.
Covering the period from 1 January to 31 December 2022, the portfolio grew to 543MW and the company was able to cover its dividend target of 5.58 cents, including a 1.5% increase from the 2021 dividend, while dividend cover for the year was 1.2 times. But audited NAV was "marginally lower" than in June 2022, the report stated. At 31 December 2022, NAV was $320m, or 9.63 cents per ordinary share, compared with $321.2m, or 9.67 cents per ordinary share, six months prior. Addressing the energy 'trilemma': Geopolitical uncertainty and the energy transition The US Solar fund said the...
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