ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

• ⚠

  Material uncertainty over going concern

  Following the General Meeting held on 14 January 2025 at which Shareholders unanimously voted in favour of a change in the Company's Objective and Investment Policy in order to facilitate a managed wind-down, the process for an orderly realisation of the Company's assets and a return of capital to Shareholders has begun. The Company is therefore preparing its financial statements on a basis other than going concern due to the Company being in a managed wind-down.

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -49.8%

  £1,231,965 → £618,973

• Net assets

  -47.5%

  £87,956,193 → £46,165,807

• Employees

  —

  Not reported

• Profit before tax

  -702.2%

  -£5,029,528 → -£40,346,116

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Following the General Meeting held on 14 January 2025 at which Shareholders unanimously voted in favour of a change in the Company's Objective and Investment Policy in order to facilitate a managed wind-down, the process for an orderly realisation of the Company's assets and a return of capital to Shareholders has begun. The Company is therefore preparing its financial statements on a basis other than going concern due to the Company being in a managed wind-down.”

Group structure

1. ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC · parent
   1. RNEW Holdco, LLC 100% · United States · Holdco Subsidiary entity, owns RNEW Blocker, LLC
   2. RNEW Blocker, LLC 100% · United States · Holdco Subsidiary entity, owns RNEW Capital, LLC
   3. RNEW Capital, LLC 100% · United States · Holdco Subsidiary entity, owns underlying SPV Entities
   4. TC Renewable Holdco I, LLC 100% · United States · Holdco Subsidiary entity, owns CD Global Solar CA Beacon 2 Borrower, LLC and CD Global Solar CA Beacon 5 Borrower, LLC
   5. TC Renewable Holdco II, LLC 100% · United States · Holdco Subsidiary entity, owns TCA IBKR 2020 Holdco, LLC and TCA IBKR 2021 Holdco
   6. TC Renewable Holdco III, LLC 100% · United States · Holdco Subsidiary entity, owns UCCT Solar Group, LLC, Milford Industrial Solar, LLC, SED Three, LLC, SED Four, LLC, and Solar Energy Partners 1, LLC
   7. TC Renewable Holdco IV, LLC 100% · United States · Subsidiary entity
   8. TC Renewable Holdco V, LLC 100% · United States · Holdco Subsidiary entity, owns Echo Solar 2022 Holdco, LLC
   9. TC Renewable Holdco VI, LLC 100% · United States · Holdco Subsidiary entity, owns ESNJ-CB-DELRAN, LLC
   10. TC Renewable Holdco VII, LLC 100% · United States · Holdco Subsidiary entity, owns Whirlwind Energy, LLC
   11. TCA IBKN 2020 I loldco, LLC 100% · United States · Holdco Subsidiary entity, owns Ellis Road Solar, LLC and Oliver Solar 1, LLC
   12. TCA IBKR 2021 Holdco, LLC 100% · United States · Holdco Subsidiary entity, owns ESNJ-BL-SKILLMAN, LLC
   13. Echo Solar 2022 Holdco, LLC 100% · United States · Holdco Subsidiary entity, owns Westside Solar Partners, LLC, Monroe Solar Partners, LLC, Heimlich Solar Partners, LLC, Small Mouth Bass Solar Partners, LLC, Hemings Solar Partners, LLC and Randolf Solar Partners, LLC
   14. CD Global Solar CA Beacon 2 Borrower, LLC 49.5% · United States · Subsidiary entity, owns investment in Beacon 2
   15. CD Global Solar CA Beacon 5 Borrower, LLC 49.5% · United States · Subsidiary entity, owns investment in Beacon 5
   16. Ellis Road Solar, LLC 100% · United States · Subsidiary entity, owns investment in Ellis Road Solar
   17. Oliver Solar 1, LLC 100% · United States · Subsidiary entity, owns investment in Oliver Solar
   18. UCCT Solar, LLC 100% · United States · Subsidiary entity, owns one of the 52 solar investments in the SED Solar Portfolio owned by TC Renewable Holdco III, LLC
   19. Milford Industrial Solar, LLC 100% · United States · Subsidiary entity, owns two of the 52 solar investments in the SED Solar Portfolio owned by TC Renewable Holdco III, LLC
   20. SED Three, LLC 100% · United States · Subsidiary entity, owns 30 of the 52 solar investments in the SED Solar Portfolio owned by TC Renewable Holdco III, LLC
   21. SED Four, LLC 100% · United States · Subsidiary entity, owns six of the 52 solar investments in the SED Solar Portfolio owned by TC Renewable Holdco III, LLC
   22. Solar Energy Partners 1, LLC 100% · United States · Subsidiary entity, owns 13 of the 52 solar investments in the SED Solar Portfolio owned by TC Renewable Holdco III, LLC
   23. ESNJ-BL-SKILLMAN, LLC 100% · United States · Subsidiary entity, owns investment in Skillman Solar
   24. Heimlich Solar Partners, LLC 100% · United States · Subsidiary entity, owns investment in Heimlich Solar
   25. Small Mouth Bass Solar Partners, LLC 100% · United States · Subsidiary entity, owns investment in Small Mouth Bass Solar
   26. Hemings Solar Partners, LLC 100% · United States · Subsidiary entity, owns investment in Hemings Solar
   27. Randolf Solar Partners, LLC 100% · United States · Subsidiary entity, owns investment in Randolf Solar
   28. Westside Solar Partners, LLC 100% · United States · Subsidiary entity, owns investment in Westside Solar
   29. Monroe Solar Partners, LLC 100% · United States · Subsidiary entity, owns investment in Monroe Solar
   30. ESNJ-CB-DELRAN, LLC 100% · United States · Subsidiary entity, owns investment in Delran Solar
   31. Whirlwind Energy LLC 100% · United States · Subsidiary entity, owns investment in Whirlwind

Significant events

• “On 14 January 2025, shareholders approved the Managed Wind-Down of the Company.”
• “On 6 February 2025, the Investment Manager served notice on the Company to terminate the Investment Management Agreement, to expire on 5 February 2026.”
• “On 11 March 2025, the Company completed on the sale of the Company's DG Solar assets for approximately US$37.1 million.”
• “On 21 January 2025, the Board announced that they had successfully renegotiated the management fee the Company pays to Ecofin Advisers, LLC.”
• “On 8 January 2025, it was announced that Patrick O'Donnell Bourke would step down as Chair and as a director following the Company's General Meeting on 14 January 2025. Brett Miller replaced him as Chair.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.