February 1, 2018 / 12:58 AM / 24 days ago

BRIEF-New Energy Solar To Acquire 200MW Solar Project In U.S.

Feb 1 (Reuters) - New Energy Solar Ltd:

* ACQUISITION OF 200MW SOLAR PROJECT IN THE UNITED STATES

* TO ACQUIRE A 200MW DC SOLAR PROJECT IN U.S.

* TOTAL VALUE OF INVESTMENT US$270 MLN​

* ‍PROJECT WILL BE FUNDED WITH INITIAL NES EQUITY INJECTION OF ABOUT US$80 MILLION, REMAINDER WITH NON-RECOURSE CONSTRUCTION DEBT FACILITIES

* EXPECTS LONG-TERM DEBT FINANCING TO BE ACCRETIVE TO CASH YIELDS​ Source text for Eikon: Further company coverage:

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