US Solar Fund energises Utah solar project, completing fund's build-out program

• London-based United States Solar Fund has actually commemorated the conclusion of its solar build-out program by completing its 128MWdc Milford Plant project in Utah.

The project, which came onstream last week, was finished on time and also under-budget, United States Solar Fund claimed, confirming that currently all 41 of its portfolio projects was operational and also generating revenue.

The Milford Plant conserved building and growth expenses of around US$ 4 million, the fund claimed, while the earlier-than-expect commercial procedures day will give added profits of around US$ 1 million.

"I am delighted that we have actually reached the point where all the company's solar plants function and also producing power. This puts us firmly on the right track to pay as well as cash cover the complete target dividend of 5.5 cents per share in 2021. We anticipate growing the firm and also delivering on the investment mandate," Gill Nott, chair at US Solar Fund, stated.