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.
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My doctor, who knows that I understand physics and renewable energy in particular, asked me today what I thought about wind turbines on boats.
I explained that, since boats need their own ways to generate electricity, what is called “small wind” may make sense. Most ships have diesel-powered generators, and that’s an option for smaller craft as well, and solar is not an attractive option because of the small area.
Doctors generally don’t have time to kill, but he asked me further about small wind, to which I explained:
Because the area of a circle is proportional to the square of the radius, big is better. If you can build a turbine with a radius 100 times larger than a small one, you’re going to generate 10,000 time more power.
Because the power generated by a turbine is proportional to the cube of the wind’s velocity, if you can site a turbine in wind conditions that are 10 times those on your rooftop, with trees and other buildings slowing the wind down, you’re going to generate 1000 times more power.
So, as usual, the answer resides in physics and math. 1000 times 10,000 is 10 million, which is why we see huge turbines on structures that lift huge turbines high above the ground, and it’s why the small wind industry has essentially disappeared.
If you don’t understand elementary school math and high school science, and you have money to burn, the investment offered at left may be right for you.
It’s interesting that there is no Fox News (or equivalent) in Canada.
The Canadians have protections of free speech that are very similar to ours in the States, and, like the U.S., these rights are not absolute. One difference is that Canada prohibits gross misrepresentation, which, in this case means that presenting opinions and calling it “news” is against the law. Lies are fine; calling them “news” is not.
A possible name for a show with the same content might be “Conservative Viewpoints” or “The Way the Right Wing Sees the World.”
Where Canada protects its people from malicious bullshit, in America we say, “Money talks.”
Former Labor Secretary Robert Reich makes an excellent point at left.
The constant onslaught of distractions coming out of Trump’s mouth is calculated make us give up striving for truth, honesty, and environmental responsibility.
We mustn’t quit.
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