Genie Energy closes $7.4M fixed-rate loan on 10MW solar portfolio

Genie Energy Ltd.

$7.4M fixed-rate term loan from National Cooperative Bank for operating solar arrays rated 10MW.
Arrays supply power to educational facilities in three Midwestern states via fixed-price PPAs.
Genie Renewables development pipeline totals 96 MW, with two utility-scale projects under construction.
CEO says financing increases return on equity and supports solar generation strategy.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.