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
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clean energy projects may fare in the Trump administration, the impact on power prices in the unlikely event the IRA is repealed, and how Greenbacker has prepared for the next four years as an energy-transition focused investment manager and independent power producer.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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News & Trends, Investment Insights, Resources
New York's Biggest Solar Farm Gets $950 Million in Funding
January 27, 2025Greenbacker's Head of Infrastructure Daniel De Boer recently spoke with Bloomberg about our Cider solar farm—the largest solar energy project in New York—which broke ground late last year in Genesee County. The project is expected to enter operation by the end of 2026, when it will begin generating enough clean energy to power over 120,000 homes and helping the state reach its goal of obtaining 70% of its electricity from renewables before 2030.
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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.
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.