Geenex Solar LLC, a utility-scale solar developer focused on the PJM region, said it has closed additional financing for new energy capital. NEC and Geenex reached their first financial arrangement in early 2019. The terms of the latest transaction were not disclosed.

The proceeds are expected to be used to fund development and operating expenses, and is expected to allow Geenex to advance its pipeline of more than 8 GW of solar and energy storage projects in the Southeast and Midwest. Geenex Solar is a greenfield solar developer focusing on PJM interconnected solar facilities ranging from 20MW to 500MW. New Energy Capital, a subsidiary of Victory Capital Investment, has made more than 40 investments with an investment of more than US$1 billion. Keywords: engineering construction, engineering news

In 2020, EDF Renewables North America and Geenex agreed to develop up to 4.5GWac of solar energy at PJM. EDF and Geenex committed to the development and construction of Pecan and Gutenberg solar projects in 2015. The project portfolio includes projects in different stages of development. The first batch of projects is expected to be put into use in 2023.Editor/XingWentao