MN8 Energy, Inc. exercised its option agreement to acquire a 50% interest in 200MW Operating Solar Plant Located in the Imperial Valley of Southern California from US Solar Fund Plc managed by New Energy Solar Manager Pty Limited for $52.2 million on January 23, 2023. The consideration also has a non-refundable Option fee of $1 million. USF expects to execute binding sale documents in the first quarter of 2023, with financial close in the second quarter of 2023 subject to customary regulatory and financier consents. James King, Tunga Chigovanyika and Will Talkington of Cenkos Securities plc acted as financial advisor to New Energy Solar Manager Pty Limited. Stuart Klein and Gaudi Le Roux of Jefferies International Limited acted as financial advisor to New Energy Solar Manager Pty Limited.

MN8 Energy, Inc. completed the acquisition of a 50% stake in 200MW Operating Solar Plant Located in the Imperial Valley of Southern California from US Solar Fund Plc managed by New Energy Solar Manager Pty Limited for $52.2 million on June 26, 2023.