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.
Some people may be, but, to a person, the foreigners I’ve met are deeply saddened, and terrified of the consequences of the Trump regime.
Their feeling is simply that America re-elected a convicted felon, rapist, and traitor who attempted to overthrow the U.S. federal government. If we’re willing to do that, we’re capable of anything, regardless of how depraved.
I’ve never understood why those who compose total bullshit like this don’t go for the gusto. Why 95% and not 99% or 100%?
Trump’s actual approval rating among Republicans is somewhere between 75% and 80%, as can be easily verified by anyone on Earth with a cell phone or computer. That number continues to dwindle, as he faces more pressure regarding the war, gas prices, child rape, etc.
Obviously, the president’s supporters are suckers for his lies, but isn’t this a bit over the top?
I get a call every week or so from someone working for a start-up in oil exploration, hoping that I’ll invest. I guess my name and cell number got collected somehow from various online searches I’ve made.
I’m always quick to explain, “Oh, sorry, I don’t support wrecking the planet, even if I can profit from it. Neither should you. Bye now.”
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