Genie Solar Achieves Notice to Proceed on Community Solar Generation Project in Lansing, NY

NEWARK, N.J., July 31, 2023

NEWARK, N.J., July 31, 2023 /PRNewswire/ -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, announced today that its Genie Solar subsidiary has achieved the notice to proceed (NTP) for a 6.25-megawatt (DC) company-owned community solar farm in Upstate New York. 

"We're delighted to have advanced our Lansing, New York community solar project to NTP, and look forward to initiating site preparation and construction this fall," said Michael Stein, CEO of Genie Energy. "Throughout this process, we have worked with the input of local stakeholders including the Lansing Planning Board and Tompkins County Administrator to ensure that this project meets the needs and concerns of the citizens of Lansing and neighboring communities."

The Lansing community solar array is planned to include approximately 14,000 solar panels on nearly 20 acres.  Once operating, the array will generate sufficient electricity to supply approximately one thousand local homes.  The project is scheduled for completion in 2024.  The start of power generation will be contingent upon testing of the interconnection and final approval from the regional utility, New York State Electricity and Gas (NYSEG).  Genie Solar intends to be the long-term owner operator of the project. 

"Our progress in Lansing represents a significant milestone as we build out our solar generation initiative.," Stein added.  "Elsewhere, our 4-megawatt community solar farm in Perry, New York, is under construction, and we are working to advance development of our pipeline of early stage projects at multiple sites in the Northeast and Midwest."

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