Who is geenex solar?

CHARLOTTE, N.C., Dec. 14, 2021 /PRNewswire/ -- Geenex Solar LLC ("Geenex"), a utility-scale solar developer focused on the PJM energy marketplace, is pleased to announce the closing of additional financing from New Energy Capital ("NEC"). NEC and Geenex entered into their first financial arrangement in early 2019.

What does the closing of geenex solar mean for the company?

Capital from the closing will provide Geenex Solar with the ability to fund critical development and operating expenses. This new investment will allow Geenex to further advance their pipeline of more than eight (8) GW of solar and energy storage projects across the Southeast and the Midwest.

Why is NEC partnering with geenex solar?

With NEC's support, Geenex has significantly grown the size and scope of its development portfolio over the past three (3) years. "The partnership with NEC allows Geenex Solar to focus on what we do best, develop utility-scale solar projects," said Sarah Hetznecker, CEO of Geenex Solar.

Who is geenex?

"Geenex is a best-in-class developer comprised of an outstanding team of professionals who really understand the utility-scale solar market and what it takes to make a project successful. We look forward to supporting them in the years to come."

Why should you choose geenex?

Geenex is committed to responsible solar development that ultimately preserves the farmland upon which it is installed. Solar development is a non-invasive, environmentally conscious way to preserve farmland. We work hand-in-hand with our landowners to identify a meaningful and profitable future for their family’s investment in their land.

When did NEC and geenex enter into their first financial arrangement?

NEC and Geenex entered into their first financial arrangement in early 2019. With NEC's support, Geenex has significantly grown the size and scope of its development portfolio over the past three (3) years.