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Retail Supplier Affiliate Acquires Solar Project
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Sunlight Energy Investments (Sunlight Energy), a subsidiary of Genie Energy Ltd., 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).
The transaction follows Sunlight Energy's purchase of a portfolio of 12 operational solar arrays serving educational facilities in Ohio and Michigan with an aggregate rating of 9.4 MW.
"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," said Nir Ashpiz, CEO of Sunlight Energy
Sunlight Energy is an equity financing vehicle for commercial and community solar projects. Genie Energy, which serves as the fund's General Partner, has provided Sunlight Energy's capitalization to date.
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March 21, 2024
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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