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0 -0.0134512622074812 -0.0210060807075733 -0.0208218168417174 -0.0160309563294637 -0.00681776303666846 0.00386954118297403 -0.00700202690252446
Stock impact report

LandBridge Announces Solar Project Transaction with a Leading Energy Infrastructure Developer

LandBridge Company LLC Class A Shares Representing Limited Liability Company Interests (LB) 
NASDAQ:AMEX Investor Relations: investors.lb.com
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--LandBridge Company LLC (NYSE: LB) (“LandBridge”) today announced it has finalized the sale of a solar project to a leading, publicly-traded energy infrastructure developer. In connection with the transaction, LandBridge received an upfront cash payment and the right to receive contingent future cash payments based on the achievement of certain developmental milestones. The solar project is a 3,000-acre photovoltaic solar energy generation project in Reeves County, Texas with a proposed generation capacity of up to 250 MW.Jason Long, Chief Executive Officer of LandBridge, stated, “LandBridge is excited to announce the successful execution of this transaction with one of the nation's top energy developers. The construction and operation of the project will be the first project of its kind on LandBridge acreage, and it reflects our commitment to using our assets to facilitate energy generation opportunities to support Permian power demand.”About LandBridgeLa Show less Read more
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