Principal Solar, Inc. (OTCPK:PSWW) is negotiating to assign its interest in Principal Sunrise V to a buyer contingent upon the assignee's ability to secure the necessary tax equity and debt financing of approximately $110 million combined to build and operate the project. Tax equity is defined as temporary equity invested whose primary source of return is monetizing the tax attributes of the underlying investment. The parties have selected a date of June 30, 2016, to secure the financing and close the transaction.
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