Genie Energy climbs on disclosing site rights to 64 MW solar projects
20/09/2022 17:14
** Shares of Genie Energy Ltd GNE.N up ~1% at $9.7
** The energy firm says its Genie Renewables unit (GREW) now
owns site rights to an aggregate of 64 megawatts (MW) solar
generation projects in New York and Pennsylvania urn:newsml:reuters.com:*:nPn2fjPS8a
** GREW holds site exclusivity on seven projects totaling 34
MW of community solar generation projects in New York - GNE
** Co recently acquired site rights for 30 MW solar
generation project in Pennsylvania and expects to achieve
commercialization during 2024
** GNE shares up ~74% so far this year
(Reporting by Ankit Kumar in Bengaluru)
((Ankit.Kumar2@thomsonreuters.com))