ALLENTOWN, Pa., May 31, 2018/ PRNewswire/-- PPL Corporation (NYSE: PPL) revealed today that it has actually gotten Safari Energy LLC, a leading supplier of solar energy services for business consumers in the U.S. "The Safari Energy acquisition offers PPL an attractive, low-risk chance to assist advance a cleaner energy future; to support the development of dispersed energy resources, including energy storage; and to acquire extra experience with innovations that will play a larger function in shaping the future energy grid," stated William H.
" However, even as it provides these benefits, the acquisition will not change PPL's core company technique," Spence said. "PPL's main financial investment focus and engine for development remains our high-performing, acclaimed regulated energies." Safari Energy establishes extremely structured turnkey options to its clients, handling projects through all stages of advancement, from creation to funding, style, engineering, allowing, building, affiliation and property management.
" I'm extremely proud of Safari Energy's track record of using solar power to unlock incremental profits for our customers," stated Matt Rudey, ceo, Safari Energy. "PPL's acquisition of Safari will support our ongoing growth and permit us to expand our offerings to much better serve our customers." PPL also announced today that it has hired industry veteran Vijay P.
Singh previously worked as executive director of Renewable resource Development and Energy Storage for Next, Age Energy Resources. Additional Info to the Safari Energy transaction were not divulged. The company said the purchase rate is not material to PPL. While PPL anticipates the transaction to be profits and credit accretive immediately, the company does not expect Safari Energy to contribute meaningfully to PPL's incomes per share through the business's present forecast period, which extends through 2020.
utility sector. PPL's 7 high-performing, acclaimed utilities serve more than 10 million customers in the U.S. and UK. With more than 12,000 employees, the company is devoted to offering remarkable customer support and reliability and delivering exceptional value for shareowners. To find out more, visit . Founded in 2008, Safari Energy is a leading partner for big industrial customers and users to enhance returns through solar energy release.
To find out more about Safari Energy, visit www. safarienergy.com. Contacts: For news media: Ryan Hill, 610-774-5997 For financial experts: Andy Ludwig, 610-774-3389 SOURCE PPL Corporation Related Links.
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