Posts by GCM
Greenbacker Capital expands Investments team with new senior hire
Greenbacker is pleased to announce that Maya Rao has been hired as a Managing Director on the Investments team. Her addition—which underscores Greenbacker’s continuing growth—bolsters the firm’s ability to expand its clean energy investments beyond traditional sectors, particularly in battery storage.
Read MoreGreenbacker acquires 20 MWdc pre-operational solar portfolio in Washington
The portfolio’s three 6.7-MWdc projects are Greenbacker’s first assets in Washington, a state with ambitious clean energy targets and strong support for renewables.
Read MoreGreenbacker acquires 16.3 MWdc operating rooftop solar portfolio in Massachusetts
The 16-project rooftop solar portfolio utilizes area atop buildings and parking structures—space that would otherwise be left idle—to help the Greater Boston area run on cheaper clean energy.
Read MoreGreenbacker acquires 6.5 MWdc pre-operational solar project in Vermont
The South Street solar project is now GREC’s largest solar asset in Vermont. Once completed, 100% of the clean energy it produces will be allocated to Middlebury College.
Read MoreGreenbacker Capital announces investment in floating solar developer Noria Energy
With this investment, Greenbacker enters the floatovoltaics market, an emerging area of the renewable energy asset class with unique environmental and power production advantages.
Read MoreOYA Solar announces corporate investment to accelerate company growth
The transaction was led by Greenbacker Capital Management, LLC investing through an affiliated fund. Proceeds of the expanded investment will be used to accelerate the development and construction of OYA’s 3GW+ pipeline across the Northeast and mid-Atlantic and to fund acquisitions. “We are grateful for Greenbacker’s continued confidence and support in us as a disciplined, rapidly growing renewable energy platform,” says Manish Nayar, CEO and Founder of OYA Solar.
Read MoreDelorean Power announces investment from Greenbacker Capital
As a developer and owner-operator of standalone battery energy storage projects across the US, Delorean’s projects are integral to the clean energy transition, helping the grid to better adapt to further increases in renewable energy. The growth investment from Greenbacker will allow Delorean to further scale its platform while continuing to execute and expand on its existing pipeline of energy storage projects.
Read MoreGreenbacker’s 15.3 MW RoxWind asset reaches commercial operation
Greenbacker’s largest sustainable infrastructure project in Maine powers 4,500 homes and supports local clean energy jobs.
Read MoreGreenbacker Delivers Third Quarter Results
The company shows significant quarter-over-quarter and year-over-year growth across revenue, production, and fleet size, as well as expanding land stewardship goals.
Read MoreGreenbacker acquires 6.6 MWdc pair of community solar projects in Maine
The projects—Athens Ridge (3.8 MWdc) and Mars Hill (2.8 MWdc)—deepen Greenbacker’s relationship with ReneSola Power Holdings, a renewables developer with a robust pipeline of solar projects and battery energy storage systems. The two solar assets also diversify and expand Greenbacker’s fleet of sustainable infrastructure assets in a state with high demand and policy support for renewable energy.
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