HomeAugust 31, 2022
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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