Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  PPL Corporation    PPL

PPL CORPORATION

(PPL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

PPL : Safari Energy Reaches 500th Commercial Solar Project

03/11/2021 | 12:44pm EDT

Leading solar developer Safari Energy announced that the company has developed or acquired its 500th commercial scale solar project. Spanning 24 states and Washington, D.C., Safari Energy's projects have generated more than 618,000 megawatt-hours of electricity, or the equivalent of avoiding more than 437,000 metric tons of CO2 emissions.

'Countless business owners have recognized the value that solar can bring them, and Safari Energy has been honored to help deliver substantial returns for our customers, while creating a more sustainable energy future,' said David Heyman, CEO, Safari Energy. 'Safari Energy's phenomenal track record has been achieved by a fantastic team that reliably delivers results while streamlining the whole solar process for our clients,' he added.

Founded in 2008, Safari Energy's first project was a small, three-kilowatt (kW) solar system installed at Wesleyan University in Connecticut. That project was quickly expanded with the addition of a 92 kW rooftop solar system and a 111 kW solar parking canopy system at the university. Over the following 10 years, Safari Energy would complete more than 200 commercial solar projects, including 40 with more than 1,000 kW (1 megawatt) capacity each.

In 2018, Safari Energy was acquired by PPL Corporation, one of the largest companies in the U.S. utility sector. Soon thereafter, Safari Energy added the capability to purchase solar projects at all stages of development, from conception to operation. In the short time since then, Safari Energy has already acquired more than 100 solar projects ranging from under 100 kW to over 20 megawatts (MW) in states including California, Georgia, Massachusetts, New Jersey and more.

The company's 500th project, acquired recently, is a 2 MW solar system located at Chevron U.S.A. Inc.'s San Joaquin Valley Business Unit's offices in Bakersfield, California.

Additional highlights of Safari Energy's commercial solar portfolio include:

  • 59 solar projects acquired in Massachusetts, including arrays at multifamily apartments, schools and universities, office buildings, a fire department, an ice rink and others.
  • 60+ solar projects developed in New Jersey alone, including several at the state's premier shopping destinations.
  • One of Hawaii's largest commercial solar projects, a 4 MW solar rooftop and parking deck system developed in Honolulu.
  • 100+ solar projects developed in partnership with Extra Space Storage across 13 states.
  • California's largest retail center solar system, developed with rooftop and parking deck solar.
  • 88 MW of distribution-scale solar projects acquired in Georgia.
  • Installation of New York state's largest commercial solar rooftop system.

'At Safari Energy, we're extremely optimistic for the 'solar decade' to come, particularly with panel prices at historic lows, strong incentive programs in place and more than 145 gigawatts-worth of commercial rooftops available for solar development projects,' said Kirk Edelman, Chief Commercial Officer, Safari Energy. 'Our success to date has been largely thanks to the industry-leading technological and financial solutions that we're able to provide to our customers. We'll continue to pursue superior commercial solar installations, while building our solar asset acquisition business and bringing new solutions like battery storage to an increasingly diverse group of customers.'

Safari Energy partners with a wide range of businesses on solar projects, from large landlords to owner-operators to solar developers. The company recently released a practical guide to solar for mid-scale companies available at: www.safarienergy.com/middle.

About Safari Energy
Safari Energy, LLC is the solar partner of choice for commercial and industrial customers, real estate owners, public sector organizations and solar developers seeking competitive financial solutions for their projects. Headquartered in New York City, Safari Energy has helped customers unlock enormous economic value and drive significant energy savings by developing hundreds of solar energy projects from New Jersey to Hawaii. With extensive interdisciplinary expertise, Safari supports the growth of distributed energy resources and PPL Corporation's focus on advancing a sustainable energy future. www.safarienergy.com

Disclaimer

PPL Corporation published this content on 11 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2021 17:43:04 UTC.


© Publicnow 2021
All news about PPL CORPORATION
04/06SAFETY ADVICE EVERYONE CAN DIG : Make the 811 call
PR
04/06EMPOWERING CONVENIENCE : LG&E and KU release new mobile app
PU
04/06PPL CORPORATION  : Promotes Gregory N. Dudkin to Executive Vice President and Ch..
AQ
04/05PPL CORPORATION  : - LG&E and KU launch live sheep cam at utilities E.W. Brown S..
AQ
04/05PPL  : Promotes Gregory Dudkin to Chief Operating Officer
MT
04/05PPL CORP  : Change in Directors or Principal Officers, Regulation FD Disclosure,..
AQ
04/05PPL CORPORATION  : Promotes Gregory N. Dudkin to Executive Vice President and Ch..
PR
04/02PPL  : LG&E and KU launch live sheep cam at utilities' E.W. Brown Solar Facility
PU
03/26PPL CORPORATION  : - PPL hosting annual Supplier Diversity Conference on April 2..
AQ
03/25PPL  : hosting annual Supplier Diversity Conference on April 23
PR
More news
Financials (USD)
Sales 2021 8 216 M - -
Net income 2021 1 891 M - -
Net Debt 2021 25 312 M - -
P/E ratio 2021 11,6x
Yield 2021 5,81%
Capitalization 22 105 M 22 105 M -
EV / Sales 2021 5,77x
EV / Sales 2022 5,57x
Nbr of Employees 12 318
Free-Float 99,8%
Chart PPL CORPORATION
Duration : Period :
PPL Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PPL CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 30,73 $
Last Close Price 28,73 $
Spread / Highest target 11,4%
Spread / Average Target 6,95%
Spread / Lowest Target 4,42%
EPS Revisions
Managers and Directors
NameTitle
Vincent Sorgi President, Chief Executive Officer & Director
Joseph P. Bergstein Chief Financial Officer & Senior Vice President
Craig A. Rogerson Independent Chairman
W. Mark Brooks Chief Information & Security Officer
Gregory N. Dudkin Chief Operating Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
PPL CORPORATION1.56%22 036
ELECTRICITÉ DE FRANCE-5.93%44 784
NATIONAL GRID PLC3.98%43 881
SEMPRA ENERGY5.39%40 647
ENGIE-0.54%35 852
E.ON SE10.68%31 162