The U.S. renewable energy sector continues to offer expanding opportunities for stable investment and growth. Ecofin U.S. Renewables Infrastructure Trust PLC (LSE:RNEW) (RNEW) plays an important role in the drive for a more sustainable future in the U.S. as an owner and operator of renewable energy assets. At the same time, the Board is conscious of the challenges the Company faces as a UK investment trust, including size and liquidity.

The last annual report also noted that consistent with good governance, the Board was open to exploring all options for the future of the Company, and in connection with this, approaches were made to another listed closed ended investment company in the sector with a view to combining the Company and the other vehicle through a scheme of reconstruction under Section 110 of the Insolvency Act 1986 ("Section 110") and rollover, to create a larger company with greater liquidity. However, the Company's proposal was not successful. The Company subsequently received interest from a different listed closed ended investment company within the wider renewables sector regarding a Section 110 combination, however the Board did not consider the proposal to be in the best interests of shareholders for a number of reasons.

Given the wide discounts impacting RNEW and other alternatives investment trusts, and the unfavourable short-term prospects to raise new equity, the Board has decided to undertake a reviewof the Company's strategy in order to maximise value for shareholders. The review will centre on asale of the Company's assets. If successful, and subject to the terms of such disposal, it is expected to return cash to shareholders in connection with a winding up of the Company or similar transaction.

The Board is pleased to appoint Marathon Capital as financial adviser in conjunction with a potential transaction or transactions. Marathon Capital is a Chicago headquartered industry leading advisory firm with a central focus on sustainable energy. There can be no certainty as to the outcome of the strategic review or any asset sale process, nor whether any potential transaction or transactions arising could be successfully completed or the valuation at which it or they could be completed.

In addition, should a transaction arise that would involve the sale of the Company's assets, it is expected that the implementation of such transaction will be conditional upon shareholder approval at a general meeting of the Company.