GNE - Mergers and acquisitions

NEWARK, NJ, March 21, 2024 (GLOBE NEWSWIRE) -- Sunlight Energy Investments (Sunlight Energy), a subsidiary of Genie Energy Ltd., (NYSE:GNE), a retail energy and renewable energy solutions provider, today announced that it has purchased a late-stage solar development project in Hamilton, Indiana from the project developer. 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 Ohio and Michigan with an aggregate rating of 9.4 MW. Nir Ashpiz, CEO of Sunlight Energy

Acquires Operational Arrays Aggregating 9.4 MW NEWARK, NJ, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Sunlight Energy Investments (Sunlight Energy), a subsidiary of Genie Energy Ltd., (NYSE:GNE), a retail energy and renewable energy solutions provider, today announced that it has purchased a portfolio of 12 operating solar arrays with an aggregate rating of 9.4 MW-DC from the project developer. The arrays supply power to on-site school facilities in Ohio and Michigan, and their production is covered under direct, long-term fixed-price solar power purchase agreements (PPAs). The sale also provides Sunlight Energy with the right of first refusal on the developer's future projects. "We

Receives Favorable CESIR on Separate Community Solar Project Downstate NEWARK, N.J., March 27, 2023 /PRNewswire/ -- Genie Renewables ("GREW"), a division of Genie Energy Ltd., (NYSE:GNE, GNEPRA))), ("Genie") a leading supplier of energy services, today announced that it has acquired site rights to a community solar generation site in Upstate New York. Once built out and brought online, the proposed project is expected to have an aggregate generating capacity of approximately 6.25 megawatts (MW).  "Community solar and other utility-scale solar generation are essential to meani

NEWARK, N.J., Nov. 30, 2022 /PRNewswire/ -- Genie Energy Ltd., (NYSE:GNE, GNEPRA))), a leading retail energy and renewable energy solutions provider, announced today that it has acquired a portfolio of residential and small commercial customer contracts from Mega Energy. "Market conditions are producing attractive opportunities for portfolio expansion in some of our retail supply markets," said Michael Stein, Genie Energy's CEO. "Our strong balance sheet, with significant cash reserves, positions us to compete for additional books of business at favorable prices. We will conti