Sunlight Energy Investments has purchased 12 operating solar arrays in Ohio and Michigan from the project developer.
The arrays, with an aggregate rating of 9.4 MW DC, supply power to on-site school facilities. Their production is covered under direct, long-term fixed-price solar PPAs. The sale also provides Sunlight Energy, a Genie Energy subsidiary, with the right of first refusal on the developer’s future projects.
“We continue to leverage Genie’s strong balance sheet and low cost of capital to build our Genie Renewables business,” says Michael Stein, CEO of Genie Energy. “This acquisition, through our Sunlight Energy investment vehicle, is our first transaction involving operating solar assets and complements our growing pipeline of solar generation projects in various stages of development. We expect that this acquisition will be immediately accretive to our bottom line.”
“The long-term, stable cash-flows generated by this particular portfolio of solar generation projects are fairly representative of the attractive development and acquisition opportunities available across the solar generation industry. We look forward to putting more capital to work on both development projects and generating assets in the coming months,” says Nir Ashpiz, CEO of Sunlight Energy.
Sunlight Energy is a primary equity financing vehicle both for Genie-originated and third-party-originated commercial and community solar projects. Sunlight Energy’s initial capitalization has been provided by Genie Energy, which serves as the fund’s general partner. Third-party investors are invited to participate as limited partners in Sunlight Energy’s project equity.
The post Sunlight Energy Purchases 12 Solar Arrays in Ohio, Michigan appeared first on Solar Industry.
At left we see the moral bankruptcy that guides our civilization.
I recall many years ago, when Musk was becoming a “thing,” writing a post to the effect that, “What a terrible shame. We really didn’t need just one more super-rich asshole on this beleaguered planet.”
It’s easy to understand how Trump has great appeal to the hateful idiots and the amoral rich.
It’s much harder to see how it’s possible that a huge number of eligible voters are uninvolved in guiding the future of the United States, with many of them saying that “both sides are the same.”
We often hear the MAGA folks claim that voting in the U.S. disproportionate favors the people in big cities, mostly along the coasts.
The obvious response: People vote, not acres of land.
And yes, it’s true that Trump has little appeal to the well-educated, highly productive people in Southern California, the Bay Area, the Mid-Atlantic, New England, other large cities like Chicago, Phoenix, Houston, and Seattle.
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