The array will supply power to the Hamilton Community High and Elementary Schools through direct fixed-price solar power purchase agreements (PPAs). The transaction follows Sunlight Energy’s purchase of a portfolio of 12 operational solar arrays serving educational facilities in
Nir Ashpiz, CEO of Sunlight Energy, said, “The Hamilton project acquisition fits perfectly with our growing portfolio of solar projects providing long-term, stable cash flows. Backed by Genie Energy’s robust balance sheet, we continue to scout for additional solar generation assets and projects with opportunities for participation from third-party investors.”
Sunlight Energy is an equity financing vehicle for commercial and community solar projects.
In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate, “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.
About
Sunlight Energy Investor Contact:
Nir Ashpiz
nir@sunlightinvest.com
Genie Energy Investor Contact:
Brian Siegel IRC, MBA
Senior Managing Director
Hayden IR
(346) 396-8696
brian@haydenir.com
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Source:
2024 GlobeNewswire, Inc., source