Energy solutions provider Genie Energy has closed on a loan financing for a portfolio of operating solar generation assets.
The $7.4 million fixed rate term loan secured through National Cooperative Bank (NCB) provides project financing for a solar array portfolio rated for an aggregate 10 MW. The arrays, which Genie purchased through its Sunlight Energy subsidiary during the past year, provide power to educational facilities in three Midwestern states through direct fixed-price solar PPA.
“I am very pleased to complete the financing of this portfolio,” says Michael Stein, CEO of Genie Energy.
“These assets have generated revenue and profitability in line with expectations since we acquired them. The financing provided by NCB increases the arrays’ return on equity and more broadly, represents a key element of our solar generation strategy within our Genie Renewables division. We expect to continue to utilize project financing to optimize our capital structure, maximize equity returns, increase capacity for new product development and enhance profitability for projects we develop or acquire going forward.”
The post Genie Energy Closes on Solar Generation Project Financing appeared first on Solar Industry.
The author of the meme at left writes, “We’re the only ones.”
This is completely incorrect, not that you care about facts and truth. Over 30 countries, primarily in the Americas, offer unconditional birthright citizenship, granting citizenship to almost anyone born within their territory, regardless of their parents’ status.
For those who struggle with elementary school arithmetic, Trump won the election (50%+ approval) out of more than 150 million votes cast, and now his approval rating is in the low 30s.
That’s ~30 million voters who regret their choices, out of the common American.
Add in the Tucker Carlsons of the world.
Absolutely.
It must be done, because our country is home to some hateful morons who want to see honest, hardworking, taxpaying people with brown skin deported, and their families torn apart.
It wasn’t the American way until recently, but it sure is now.
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