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Retail Supplier Affiliate Acquires Rights To Develop 30 MW Solar Generation Project In Pennsylvania
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Sunlight Energy Investments (Sunlight Energy), a
subsidiary of Genie Energy Ltd.,
announced that it has purchased the site rights for a planned solar generation project in
Pennsylvania of 30 megawatts (MW).
Once in operation, the project will have a capacity to
generate 41-gigawatt hours per annum, Sunlight said. Sunlight estimates project development costs at approximately
$60 million.
The project is expected to reach commercial operation in 2024.
As previously reported, Sunlight Energy is the primary equity financing vehicle for Genie-originated commercial,
community, and utility-scale solar projects. It will also seek to participate in projects originated
by other solar developers.
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August 31, 2022
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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