US-based Genie Energy Ltd., a renewable energy provider, closed a $7.4 million fixed-rate term loan with National Cooperative Bank (NCB) to finance a 10 MW solar portfolio. The solar arrays, acquired through Genie’s Sunlight Energy subsidiary will supply power to educational facilities in three Midwestern states under fixed-price PPAs. The financing aims to optimize equity returns, enhance profitability, and support future renewable energy developments. Additionally, Genie Renewables pipeline includes 96 MW of projects, with two utility-scale projects under construction, 17 in pre-construction stages.
Genie Energy secures $7.4M loan from NCB for 10 MW PV projects
Genie Energy secured $7.4M financing from NCB for 10MW solar arrays powering Midwest schools under fixed-price PPAs. (Image Credit/Source: Kelly/Pexels)
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)
The ITC investigation focuses on alleged violations of Trinasolar’s Tunnel Oxide Passivated Contact (TOPCon) solar cell technology patents. (Image Source: Trinasolar)
CTP’s RCF includes KPIs for solar PV roll-out, Green Leases, and “A” grade EPC certifications. (Image Source: AI Generated)
Swyft Energy’s expertise in solar PV installations strengthens Bord Gáis Energy’s residential, commercial, and agricultural renewable offerings. (Image Source: EuropaWire)