Greenbacker is a leader in green energy investment, with approximately $3.6 billion in AUM.¹ We bring clean power opportunities to market so that individual investors can participate in the energy transition.
We're an independent power producer and investment manager with strategies that connect investors seeking stable returns with the income-producing renewables assets that we own and operate, expanding clean energy access to communities around the country.
Mt. Arlington solar project brings clean power to community
Greenbacker’s 2.3-megawatt solar farm sits atop a capped landfill, giving new life to the land as a source of clean energy for Mt. Arlington, NJ. To celebrate the impact of this green energy milestone, the community hosted a ribbon-cutting ceremony, inviting Greenbackers, project partners, and officials to speak about the financial and sustainability benefits of renewable energy investment.
¹Total AUM includes Greenbacker Renewable Energy Company and Greenbacker Capital Management’s managed funds. AUM represents the underlying fair value of investments, determined generally in accordance with ASC 820, cash and cash equivalents and project level debt. These figures are unaudited and subject to change. Data as of September 30, 2023.
NEWS & TRENDS
Growth Capital, Sustainable Infrastructure, Press, GDEV
Lightshift Energy raises $100 million from Greenbacker Capital Management to expand utility scale battery storage across North America
March 28, 2024Lightshift Energy, formerly known as Delorean Power, announced capital infusions totaling $100 million from Greenbacker Capital Management LLC (“GCM”). The company has secured $20 million from a GCM-affiliated investment vehicle dedicated to making growth equity investments in sustainable infrastructure development platforms. These funds will be used to scale Lightshift’s team, accelerate sales, and grow its pipeline. In addition, Lightshift has secured $80 million from a second GCM-affiliated investment vehicle that invests in sustainable infrastructure assets. This capital will support the construction and operations of Lightshift’s portfolio.
READ MORESustainable Infrastructure, Press
Greenbacker Capital Management’s largest clean energy asset to date enters commercial operation
February 14, 2024Greenbacker Capital Management announced that its largest operating asset to date has entered commercial operation. The 240 MWdc / 200 MWac utility-scale Appaloosa Solar 1 began delivering solar energy on January 24, 2024, helping contribute to Meta’s 100% renewable energy and net zero goals. In addition to representing a company milestone, the financing for the project also marked one of the first tax equity transactions to utilize the solar production tax credit newly expanded by the Inflation Reduction Act.
READ MORESustainable Infrastructure, GREC, Press, GREC II
Greenbacker announces new Chief Financial Officer, expands team with new Head of Infrastructure and Head of Capital Markets
February 1, 2024Greenbacker is pleased to announce the appointment of Christopher Smith, CFA as CFO, effective February 1, 2024. Greenbacker also welcomes Daniel De Boer as Head of Infrastructure and Carl Weatherley-White as Head of Capital Markets. These newly created roles, integral to the firm's growth, underscore Greenbacker's expanding strategy, capability, and commitment to investing in the energy transition.
READ MOREReal Estate, Sustainable Real Estate, News & Trends, Investment Insights, Resources
The power play: Distributed energy resources
January 29, 2024Today there is an unparalleled opportunity to create value by hosting and monetizing multiple onsite distributed energy resources (DERs). Proximity to strategic grid interconnection is key to facilitating the storage and sale of power, which can provide benefits like additional revenue, energy resilience, and rental appeal for both property owners and tenants.
READ MORENews & Trends, Investment Insights, Resources
A landmark COP28 deal for the energy transition
January 23, 2024History was made at COP28, as 200 countries reached a milestone agreement that prioritizes: “Transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner.” World leaders also announced a host of climate policy support, including billions of dollars for climate-friendly projects and financing, global initiatives to support secure clean energy systems, and pledges from 116 countries to double energy efficiency and triple renewable energy use by 2030.
READ MORENews & Trends, Investment Insights, Resources
The IEA’s World Energy Outlook 2023 – Key takeaways, opportunities, and the impact of the IRA
December 18, 2023In its annual World Energy Outlook 2023 report, the International Energy Agency highlighted this year’s solar and EV growth surge, among many other clean energy growth trends within the energy transition. The report also describes the challenges ahead and offers guidance on the investments needed to achieve Net Zero Emissions by 2050. Read our key takeaways, and how the IEA’s analysis underscores the opportunity for investors who want to put their capital to work in the energy transition.
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