Genie Energy Ltd. provided an update on two company-owned community solar projects totaling 10 megawatts of generation capacity. Genie Energy'sGenie Solar subsidiary has obtained the notice to proceed (NTP) for its first company-owned project, a 4-megawatt community solar farm in Upstate New York. Construction of the ground-mount project is scheduled to begin in the first quarter of 2023.

Once construction is completed, the start of generation will be contingent upon testing of the interconnection and final approval from the regional utility. Genie Solar has also completed a Coordinated Electric System Interconnection Review (CESIR) for a second company-owned community solar project in upstate New York and expects to achieve the NTP in early 2023. This 6-megawatt community solar project is also slated for construction in 2023.