US Solar Fund to acquire a 50% stake in Mount Signal 2 for $46m.

US Solar Fund, a renewable energy fund, agreed to acquire a 50% stake in Mount Signal 2, an operating solar plant located in the Imperial Valley of Southern California, for $46m. Co-investments in solar power assets like MS2 were contemplated at the time of USF's listing and initial public offering. To ensure arm's length terms, the USF and NEW boards each adopted a Transaction-specific protocol, with each board retaining independent advisors.