Announced
Financials
Tags
Private Equity
solar power plants
Infrastructure
Friendly
Pending
Private
Acquisition
Renewable Energy Equipment
Single Bidder
United States
Cross Border
Synopsis
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.
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