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IN BRIEF: US Solar Fund to acquire further 25% in Mount Signal plant

10th Feb 2022 19:07

US Solar Fund PLC - owns and operates solar power assets in North America - Exercises option to acquire further 25% interest in 200 megawatts of direct current Mount Signal 2, a solar plant in Imperial Valley, California, which will take its total ownership of the project to 50%.

US Solar Fund acquired its first tranche of 25% in the plant in March 2021 for USD23 million, and will acquire the second tranche for USD21 million.

Current stock price: USD0.98

12-month change: down 8.4%

By Dayo Laniyan; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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