Sunlight Energy has acquired a solar development project in Hamilton, Indiana, with the aim of providing energy to local schools. A subsidiary of Genie Energy LLC has announced that it will purchase the project from the original developer, in addition to plans to supply electricity to Hamilton Community High and Primary Schools through a power purchase agreement. Solar.

Sunlight Energy has a solar energy portfolio with a capacity of 4.9 megawatts. The company includes 12 operating solar arrays serving educational facilities in Ohio and Michigan. The company acts as a means of financing commercial and community solar energy projects with the support of the financial strength of Genie Energy.

The company aims to acquire additional solar energy generation assets, and Sunlight CEO Nir Ashpiz announced that the Hamilton project is a strategic fit for the company’s portfolio, which depends on providing stable, long-term cash flows.

The company welcomes new third-party investors as limited partners in the project’s shares. The company works in the field of retail energy and renewable energy as a general partner of Sunlight Energy, which financed the project.

The press release contained data that is subject to many risks and uncertainties, which leads to actual results differing from those expected. The data does not contain guarantees for future performance and the company does not commit to any obligation to update it. There are several ongoing efforts made by companies in the energy sector to invest in renewable resources in addition to supporting infrastructure. Community sustainable energy solutions.