Greenbacker brings 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 approximately $3.7 billion in AUM.¹ Our strategies 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.
Insights from Greenbacker Leadership
Hear from CEO Charles Wheeler, who discusses Greenbacker’s substantial growth since its founding in 2011, as well as from Greenbacker’s Head of Infrastructure Dan De Boer and CFO & Head of Capital Markets Carl Weatherley-White, who share their insights regarding: what the Greenbacker ecosystem can offer its investors and how the company is positioned to benefit from growth in the energy transition asset class, as well as what led them to join the Greenbacker mission.
The full version of the video, which includes additional commentary on how Greenbacker's overall strategy is driving the future of energy, can be viewed here.
¹Aggregate 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 June 30, 2024.
NEWS & TRENDS
News & Trends, Investment Insights, Resources
Why a Renewable Energy Investor Thinks It Will Be Hard to Kill the IRA
February 14, 2025Greenbacker's interim Chief Financial Officer Carl Weatherley-White was recently interviewed by Mother Jones to share his insights on how clean energy projects may fare in the Trump administration, the impact on power prices in the unlikely event the IRA is repealed, and how Greenbacker has prepared for the next four years as an energy-transition focused investment manager and independent power producer.
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Corporate Financing, GREC, Press
ORES greenlights New York's largest solar farm; spurs start of construction
February 6, 2025Hecate Energy LLC and Greenbacker Renewable Energy Company announce that the 674 MWdc / 500 MWac Cider Solar Farm is moving forward with construction as approved by the New York Office of Renewable Energy Siting and Transmission ("ORES"). With the ORES Siting Permit and a formal notice to proceed with construction with this flagship project, Hecate and Greenbacker reaffirm their commitments to powering New York's clean energy future. The utility-scale solar project, spanning approximately 2,500 acres near the towns of Elba and Oakfield in Genesee County, is poised to bring transformative benefits to the region and help advance New York state's renewable energy goals.
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Corporate Financing, GREC, Press
Greenbacker secures nearly $1 billion financing to support acquisition and construction of largest solar project in New York State
January 27, 2025Greenbacker has secured $950 million in financing to support the acquisition, construction, and operation of its largest clean energy project to date. After acquiring the project from Hecate Energy LLC, one of the largest renewables developers in the US, Greenbacker partnered with six of the world’s leading project finance banks and financial institutions to secure $869 million in construction-to-term, letter of credit, and tax equity bridge loan financing and with a global investment manager for an additional $81 million development loan facility. When complete, the 674 MWdc “Cider” utility-scale solar farm will power over 120,000 homes as the largest solar project in the state of New York.
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Growth Capital, Sustainable Infrastructure, Sustainable Real Estate, News & Trends, GREC, GREC II, Investment Insights, Resources, GDEV
2025 Outlook on Energy Transition Investment
December 12, 2024In Greenbacker's 2025 Outlook Roundtable, available on Asset TV's website and Bloomberg channel, heads of strategy Ben Baker, Dan De Boer, and David Zackowitz offer their insights on 2025 energy transition opportunities. Trends they see playing out next year include surging energy demand, the rising importance of grid resilience for homes and businesses, and the increasing need for datacenters to access outsized quantities of power.
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GREC, Press
Greenbacker delivers third quarter results
November 22, 2024Greenbacker Renewable Energy Company has announced financial results for the third quarter of 2024, including year-over-year increases in revenue, operating capacity, and clean power production, as the company placed 22 new projects into service. Highlights included $55.4 million in total operating revenue, a 13% increase, driven by a 21% increase in wind and solar energy production from Greenbacker's expanding fleet of operating assets. The Greenbacker Capital Management business segment increased its revenue 72%, year-over-year, while expanding its team with two seasoned capital raising professionals.
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GREC, Press
Solar Array Moves Middlebury College Closer to 100 Percent Renewable Energy Goal
November 6, 2024Representatives from Middlebury College, Encore Renewable Energy, and Greenbacker Renewable Energy Company came together for a ribbon cutting event celebrating the activation of Greenbacker's 5 MWac solar asset, providing the College with 40% of its total electricity. The solar array is one of the largest in the state with 15,348 solar panels mounted on single axis trackers. “This solar powerplant is one of the first in Vermont that actually tracks the sun from east to west allowing us to generate between 15 and 20 percent more energy, which provides a cheaper cost of electricity for Middlebury,” said Matt Murphy, COO of Greenbacker.
READ MORESustainable infrastructure can mean sustainable income.
We connect investors seeking steady returns with the long-term renewable energy projects we own and operate. Financial advisors interested in learning more about sustainable infrastructure opportunities for accredited investors can sign up to receive more information.
ACCOLADES
We are honored to be part of the IA 50, one of the most recognized databases of impact investment fund managers.