A MARKET LEADER IN SUSTAINABLE INFRASTRUCTURE INVESTING

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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

OUR STORY

2011

  • Greenbacker Capital Management (GCM) is founded by financial industry veterans with a mission to create an investment management platform dedicated to investing in real assets like renewable energy power projects and other sustainable infrastructure.
 
  • GCM files with the SEC for registration of Greenbacker Renewable Energy Corporation (GREC), the first direct placement program focused on investing in solar and wind power projects.
2014

  • Greenbacker Renewable Energy Company, LLC (GREC) is declared effective by the SEC as a public company and begins raising capital through broker dealers, RIA’s and family offices

 

  • GREC makes its first investment, purchasing Sunny Mountain, a portfolio of utility, municipal, commercial and residential solar power facilities comprising 860 kilowatts of generation capacity.
2015

GREC purchases Fairfield Wind, a 10 megawatt wind farm in Montana representing its first commercial wind project.

2016

The unsubsidized cost of wind and solar power drops below natural gas and all other forms of electricity generation for the first time.

2017

GREC starts the year by reaching 100 MW of generation capacity with 65 MW of solar power and 35 MW of wind.

2018

  • GREC expands into the portfolio’s 20th state, offering geographical diversification from coast to coast.

 

  • GREC portfolio grows to +350 MW.
2019

  • GREC closes public share class offering, raising capital exclusively through a private offering under Regulation D of the U.S Securities Act of 1933, as amended.

 

  • GREC portfolio reaches +500 MM in gross investment value. (Gross investment value reflects the full market value of assets and cash as reported on GREC’s latest quarterly financial statements, as well as project-level debt related to its projects.)
2020

  • GCM launches Greenbacker Renewable Development Fund

 

  • GREC expands into battery storage

 

  • GREC’s largest solar facility reaches commercial operation: Turquoise Solar in Nevada, 61 MWdc

 

  • GREC reaches $1 billion in gross investment value.
2021

  • Turquoise Solar reaches mechanical completion and becomes the largest single operating solar project in GREC portfolio at 61 MWdc.

 

  • GCM celebrates ten years of investing in sustainable infrastructure.

PRESS ROOM

Greenbacker Delivers Third Quarter Results

By GCM | November 15, 2021

A number of positive trends were evident, both on a quarter-over-quarter basis and on a year-over-year basis.

Greenbacker Renewable Energy Company LLC acquires 6.6-MWdc pair of community solar projects in Maine

By GCM | November 10, 2021

The portfolio’s two projects—Athens Ridge (3.8 MWdc) and Mars Hill (2.8 MWdc)—deepen Greenbacker’s relationship with an established renewables developer with a robust pipeline of both community and utility-scale solar projects, as well as battery energy storage systems.

Greenbacker Renewable Energy Company LLC announces acquisition of 11.3-MWdc solar project in Minnesota

By GCM | November 8, 2021

The Fillinona project, which is located on four separate sites across Minnesota, builds out Greenbacker’s operations in a state with robust clean energy goals.

Greenbacker Renewable Energy Company LLC acquires tri-state, 19.5-MWdc operating solar portfolio

By GCM | November 3, 2021

The NextSun operating portfolio, which totals 19.5 MWdc of clean power–generating capacity, expands Greenbacker’s footprint in New England and includes the company’s first asset in Rhode Island.

Borrego’s EPC Team Partners with Greenbacker on Two Utility-Scale Solar Projects in Montana and South Dakota

By GCM | October 28, 2021

Borrego, a leading developer, EPC and O&M provider for large-scale renewable energy projects throughout the United States, announced today that it has been selected by Greenbacker Renewable Energy Company LLC (GREC or Greenbacker), a leading owner and operator of sustainable infrastructure and energy efficiency projects, to engineer and construct two utility-scale solar projects in Montana and South Dakota.

Greenbacker Renewable Energy Company LLC acquires pair of operational wind assets in Minnesota totaling 30.7 MWdc

By GCM | October 27, 2021

With these projects—Ridgewind (25.3 MWdc) and WindShare (5.4 MWdc)—Greenbacker continues to expand its presence in the state and diversify its wind portfolio in the Midwest.