---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-099850"
form_type: "8-K"
ticker: "GNE"
cik: "0001528356"
company_name: "Genie Energy Ltd."
filed_at: "2024-11-19T23:59:59+00:00"
generated_at: "2026-05-29T22:29:00.409554+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001213900-24-099850
- form_type: 8-K
- ticker: GNE
- cik: 0001528356
- company_name: Genie Energy Ltd.
- filed_at: 2024-11-19T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528356/000121390024099850/0001213900-24-099850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528356/000121390024099850/ea0221762-8k_genie.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-099850
- JSON: https://secwatch.observer/filing/0001213900-24-099850.json
- Plain text: https://secwatch.observer/filing/0001213900-24-099850.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.