Goldman Sachs Renewable Power LLC entered into an agreement to acquire 14 U.S. solar assets from New Energy Solar Limited (ASX:NEW) for $245 million on August 22, 2022. The Proposed Transaction remains subject to conditions set out in the transaction documents including NEW shareholder approval, customary financier and offtaker consents, and customary U.S. regulatory approvals. The Proposed Transaction represents the sale of NEW's main undertaking and, if approved by shareholders and if the transaction conditions are met, will eventually result in the de-listing of NEW from the ASX and the winding up of the Company. RBC Capital Markets, LLC acted as financial advisor and Ashurst LLP and Foley & Lardner LLP acted as legal advisors for New Energy Solar Limited. On October 12, 2022 the Transaction has received FERC approval and has met HSR (anti-trust) requirements. Completion is subjected to is subject to satisfaction of conditions precedent including third party approvals and consents.

MN8 Energy, Inc. completed the acquisition of 14 U.S. solar assets of New Energy Solar Limited (ASX:NEW) on November 18, 2022.