February 15, 2018 / 10:35 PM / 6 months ago

BRIEF-New Energy Solar Buys 49 Pct Stake In Boulder Solar I Facility In Nevada From SunPower Corp

Feb 16 (Reuters) - New Energy Solar Ltd:

* BUYS 49 PERCENT STAKE IN BOULDER SOLAR I FACILITY IN NEVADA, FROM SUNPOWER CORP

* ‍NEW ENERGY SOLAR WILL FUND ACQUISITION WITH US$55 MLN FROM CASH RESERVES

* ACQUISITION IS EXPECTED TO GENERATE A FIVE-YEAR AVERAGE GROSS YIELD OF ABOUT 6.6 PERCENT PER ANNUM​​ Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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