Sunlight Energy Investments Acquires an Additional Solar Project
NEWARK, NJ, March 21, 2024 (GLOBE NEWSWIRE) -- Sunlight Energy Investments (Sunlight Energy), a subsidiary of Genie Energy Ltd., (NYSE: GNE), a retail energy and renewable energy solutions provider, today announced that it has purchased a late-stage solar development project in Hamilton, Indiana from the project developer.
- NEWARK, NJ, March 21, 2024 (GLOBE NEWSWIRE) -- Sunlight Energy Investments (Sunlight Energy), a subsidiary of Genie Energy Ltd., (NYSE: GNE), a retail energy and renewable energy solutions provider, today announced that it has purchased a late-stage solar development project in Hamilton, Indiana from the project developer.
- The array will supply power to the Hamilton Community High and Elementary Schools through direct fixed-price solar power purchase agreements (PPAs).
- Nir Ashpiz, CEO of Sunlight Energy, said, “The Hamilton project acquisition fits perfectly with our growing portfolio of solar projects providing long-term, stable cash flows.
- Backed by Genie Energy’s robust balance sheet, we continue to scout for additional solar generation assets and projects with opportunities for participation from third-party investors.”
Sunlight Energy is an equity financing vehicle for commercial and community solar projects.