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.
Minnesota is home to intelligent, well-educated people whose approval of Trump is lower than that of toenail fungus.
If Lindell wants to lead a state, he needs to choose one at least 800 miles away. Oklahoma?
He may also want to consider that Trump is easily the most detested person in this nation.
I wouldn’t say that the burden of proof lies on religion. No one knows how the universe got here.
The Big Bang was an event in which there was no chaos, no “entropy,” as we say in thermodynamics. How did all this orderliness get there 13.87 billion years ago? No one knows. This is an issue in cosmology which is quite likely to outlast human civilization on this planet.
I’m an atheist for a few reasons, one of which is that saying that God created the universe doesn’t get us any closer to an understanding of the cosmos, if only because it raises the question: Who made God?
More to the point, there are hundreds of moral reasons to disbelieve in God. Each year, 9 million children will die unbaptized on this planet before their fifth birthdays. In the bible, we learn that God punishes them all with an eternity of torture in hell. To what sort of weirdo does this make sense?
At left we have another good reminder that our cognitive biases can render us incapable of thinking critically.
Some of us believe anything we want to.
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