Feb 1 (Reuters) - New Energy Solar Ltd NEW.AX :
* ACQUISITION OF 200MW SOLAR PROJECT IN THE UNITED STATES
* TO ACQUIRE A 200MW DC SOLAR PROJECT IN U.S.
* TOTAL VALUE OF INVESTMENT US$270 MLN
* PROJECT WILL BE FUNDED WITH INITIAL NES EQUITY INJECTION OF ABOUT US$80 MILLION, REMAINDER WITH NON-RECOURSE CONSTRUCTION DEBT FACILITIES
* EXPECTS LONG-TERM DEBT FINANCING TO BE ACCRETIVE TO CASH YIELDS