Welcome to our dedicated page for Genie Energy Ltd. news (Ticker: GNEPRA), a resource for investors and traders seeking the latest updates and insights on Genie Energy Ltd. stock.
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Genie Energy Ltd (NYSE: GNE) has commenced construction on a new four megawatt (MW) community solar array in Perry, NY, expected to generate sufficient electricity to power over 440 homes. The project will produce more than 5,000 MWh annually and reduce carbon emissions by over 3,500 metric tons each year. Genie Solar aims to complete the project within the year while utilizing local labor for construction tasks. This initiative is part of New York's community solar program, allowing local residents to benefit from discounted electricity bills without needing their solar panels. The project signifies a step towards increasing renewable energy access in the region, promoting energy affordability and local job creation.
