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.

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OYA 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.

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Delorean 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.

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Greenbacker 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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