Genie Energy Acquires Rights to Community Solar Site in Upstate N.Y.

Michael Stein’s Name Genie Energy Ltd. has a division named Genie Renewables which provides energy services. Genie Energy has declared it has obtained the rights to a solar energy production site in Upstate New York. Upon completion and activation, the projected project is estimated to have a total generating power of roughly 6.25 MW. Michael Stein, the CEO of Genie Energy, expressed that “community solar and other utility-scale solar energy production are essential for considerable decreases in carbon emissions.” The favorable economic conditions have caused a surge in requests for projects in our existing markets and have stimulated the implementation of solar energy projects in various parts of the country. Genie Renewables reports that the electric system interconnection review and the appraisal of the interconnection cost given by Con Ed for its 3 MW proposed community solar project in the lower region of New York was evidently positive. It is anticipated that the firm will acquire its authorization to start and commence building in the near future, depending on the conclusion of a land lease and the gaining of local permissions.