US Solar Fund Plc (LSE:USFP) has decided to start a review of strategic options for its business, including a sale, in a drive to maximise value for shareholders and tackle the challenges it faces. The move comes as “structural challenges in the US solar sector alongside a recent sustained discount of the share price to its net asset value have impeded the company's ability to grow its asset base,” a statement said on October 17, 2022. US Solar Fund's board will be considering all available strategic alternatives, including a sale of the entire issued and to be issued share capital of the company, selling the company's portfolio and returning funds to shareholders or changing the investment management arrangements of the business.

The London-listed renewable energy fund will be launching a formal sale process in line with UK law. It highlighted in the statement that it has not received any approaches yet and no talks with suitors are underway at the moment. Jefferies International Ltd. and KeyBanc Capital Markets have been tapped as joint financial advisers, while Cenkos Securities has been hired as a joint corporate broker to assist the company with the review.