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.


Building the largest solar farm in New York State
NEWS & TRENDS

GREC, Press
Construction begins on New York’s largest solar energy project
May 13, 2025Greenbacker today announced the start of major construction activities on its Cider Solar Farm in Genesee County, New York. Cider, which broke ground on early construction activities in late 2024, was the first renewable energy project of its kind to receive a siting permit from the state’s Office of Renewable Energy Siting and Transmission under Section 94-c rules. Upon completion in late 2026, Cider will be New York’s largest solar farm to date. Cider’s initial major construction phase will focus on substantive civil and mechanical activities, including placement of steel piling and racking for solar modules.
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Growth Capital, Press, GDEV
GDEV releases 2024 Energy and Impact Report
May 8, 2025As part of GDEV Management, LLC’s (GDEV) commitment to support sustainable infrastructure and energy technologies, GDEV today released its 2024 Energy and Impact Report. GDEV’s investments scale energy businesses and advance critical infrastructure. With more than $400 million deployed in over a dozen platform investments, GDEV continues to bridge the gap between capital markets and real asset development. Among the report’s notable takeaways, GDEV’s portfolio, includes 12 active sustainable infrastructure platforms and 421 full time employees, generated 652 GWh of clean energy across 45 U.S. states and 3 Canadian provinces.
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GREC, Press
Greenbacker’s Cider solar project awarded North American Solar Deal of the Year
May 6, 2025Greenbacker is proud to announce that its Cider solar project has been named the 2024 North American Solar Deal of the Year by Proximo. The award honors the multi-tranche financing package behind the project, which includes one of the market’s earliest tax credit transfer bridge loans, and underscores Greenbacker’s continued commitment to advancing the energy transition through strong industry partnerships and innovative financing packages. The nearly $1 billion project financing supports the construction and operation of the 674 MWdc utility-scale project—the largest solar project ever built in New York state and the largest clean energy asset in Greenbacker’s portfolio to date.
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GREC, Press
Greenbacker delivers 2024 results
April 1, 2025Greenbacker Renewable Energy Company has announced annual results for 2024, including year-over-year increases in revenue, operating capacity, and power production, driven by the company’s milestone wind repowers and the new solar energy assets it brought online over the year. 2024 portfolio highlights also included Greenbacker’s development, acquisition, and beginning of construction on the largest solar project in the state of New York. Additionally, the company announced valuation adjustments and a restructuring of the business to better position the Company to capitalize on future market opportunities and deliver value to shareholders.
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News & Trends, Press, 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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