Genie Energy Acquires Rights to New 6.25 Megawatt Community Solar Site in Upstate New York
NEWARK, N.J., March 27, 2023 /PRNewswire/ -- Genie Renewables ("GREW"), a division of Genie Energy Ltd., (NYSE: GNE, GNEPRA), ("Genie") a leading supplier of energy services, today announced that it has acquired site rights to a community solar generation site in Upstate New York. Once built out and brought online, the proposed project is expected to have an aggregate generating capacity of approximately 6.25 megawatts (MW).
- NEWARK, N.J., March 27, 2023 /PRNewswire/ -- Genie Renewables ("GREW"), a division of Genie Energy Ltd., (NYSE: GNE, GNEPRA), ("Genie") a leading supplier of energy services, today announced that it has acquired site rights to a community solar generation site in Upstate New York.
- Once built out and brought online, the proposed project is expected to have an aggregate generating capacity of approximately 6.25 megawatts (MW).
- "Community solar and other utility-scale solar generation are essential to meaningful reductions in carbon emissions," said Michael Stein, chief executive officer of Genie Energy.
- Genie Renewables also announced that it received a favorable CESIR (Coordinated Electric System Interconnection Review) and estimate of interconnection cost from Con-Ed for its 3 MW proposed community solar project in Downstate New York.