A MARKET LEADER IN SUSTAINABLE INFRASTRUCTURE INVESTING
Greenbacker was founded in 2011, with the objective of bringing sustainable energy and other infrastructure investment opportunities to market. We invest in a portfolio of income-producing renewable energy facilities and energy-related ventures, with holdings diversified across geography, size, and power source (e.g., solar, wind, energy storage). These projects sell power under long-term contract to high-credit-quality counterparties, including utilities, municipalities, and corporations.
Considering the rising costs of traditional fossil fuels and the ongoing depletion of our finite natural resources, clean renewable energy clearly stands out as the most effective and easily applicable solution to the world’s energy issues.
— CHARLES WHEELER, CEO, GREENBACKER RENEWABLE ENERGY COMPANY
Company expands its Midwest footprint with a pair of to-be-constructed assets in the Mount Rushmore State
Greenbacker, rPlus Energies and Sundt Construction Break Ground on Major New Solar Project in Carbon County, Utah
104 Megawatt (dc) / 80 Megawatt (ac) Graphite Solar Plant to power Facebook’s Eagle Mountain Data Center
In May, Real Assets Adviser published an article expressing misgivings about the cost and benefits of a transition to renewable energy. Our response, from Greenbacker Co-CEO David Sher, is posted in the June edition.
Highlights First-Quarter Expansions and New Investment
Among many annual highlights, total gross revenue from the sale of energy and environmental attributes rose to $76.4 million, marking a climb of nearly 39% from 2019.
Portfolio expands solar footprint in Montana with to-be-constructed project.
Three new ground-mounted subsystems expand solar fleet in the beehive state.