Portfolio Investment and Pipeline Update

22 July 2021

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

Portfolio Investment and Pipeline Update

The Board of Ecofin U.S. Renewables Infrastructure Trust PLC ("RNEW" or the "Company") is pleased to announce the following positive developments with respect to the Company's investment activities.

Acquisition of twelve solar photovoltaic projects (~$95 million asset value)

The Company has signed an agreement to acquire twelve ground mount solar photovoltaic projects at construction stage with an aggregate asset value of approximately $95 million. The combined capacity of the projects is estimated at 69 megawatts, which will help offset over 83,000 tonnes of CO2 equivalent each year. The projects are expected to commence operations in phases beginning in the first quarter of 2022.

The Investment Manager is working with construction and tax equity financing parties to structure these transactions optimally for the benefit of the Company's investors. It is expected that the Company will invest approximately $25 million during the construction phase with potential to increase its equity investment up to approximately $63 million during the operating phase through a reduction of gearing. Completion of this transaction will further diversify the Company's investment portfolio across the states of Minnesota, Virginia, and Delaware through 25-year fixed price power purchase agreements with investment grade utility purchasers. Following the signing of this agreement, the Company has now committed or invested approximately 75% of the Company's IPO proceeds.

Pipeline Update

The Company's Investment Manager reports that its near-term (6 month) pipeline of potential investment opportunities remains strong and exceeds $3.0 billion. The Investment Manager is pursuing wind and additional solar investment opportunities that offer further potential for the Company's portfolio to be fully invested in the coming months.

For further information, please contact:

Further information on the Company can be found on its website at https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/.

The Company's LEI is 2138004JUQUL9VKQWD21.