Hanhwa Q Cells Japan Co., Ltd. entered into an agreement to acquire Genie Japan, LLC from Genie Energy Ltd. (NYSE:GNE) for ¥570 million on April 26, 2021. The transaction is expected to close between May 11, 2021 and June 1, 2021. Hanhwa Q Cells Japan Co., Ltd. completed the acquisition of Genie Japan, LLC from Genie Energy Ltd. (NYSE:GNE) on May 10, 2021. Hanhwa Q Cells Japan paid ¥570 million and assumed the obligation to repay Genie Japan’s existing credit facility in an amount of approximately ¥150 million.