Thursday, November 18, 2021 4:59:04 AM
In August of 2021, The BFHJ-Korean JV was notified that one of its Puerto Rican joint ventures was awarded the
right to negotiate a contract for a 48 MW solar pv project with 80 MWH of battery storage. During the past 90
days, the BFHJ Korean JV expanded its activities in Nevada adding, 2 additional phases to that project so that the
company’s Nevada project pipeline now totals 142 MW of solar pv projects and 250 MWH of battery storage.
In November, 2021, the Company, through its Beneficial Power, LLC affiliate (“BP”) entered into an agreement with
a domestic clean energy investor that will provide the capital to acquire existing older operating solar projects,
repower them and add battery storage. Presently, BP is negotiating for the acquisition of 2 such projects with a
total size of 22MW. The agreement provides that BP will earn fees on the acquisition and subsequent development
of these prospective projects.
http://beneficial-holdings.net/resources/Beneficial+Holdings+FS+-+9-30-21.pdf
$BFHJ
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