GREENBACKER DEVELOPMENT OPPORTUNITIES FUND

GDEV provides flexible capital to developers of renewable energy and sustainable infrastructure projects. The fund’s investment team leverages its deep experience in project development, structured finance, and operations to structure financing solutions that optimize risk allocation and alignment with its partners. GDEV also leverages the broader Greenbacker platform, bringing to bear the firm’s robust technical, operational, and capital markets capabilities for the benefit of its investors and portfolio companies.

GDEV invests across a wide range of sustainable infrastructure and renewable energy technologies, including (but not limited to) solar photovoltaic power generation, hydroelectric power generation, battery storage, energy efficiency, and waste-to-value. The fund invests across the capital structure with a primary focus on corporate investments.

TEAM

BEN BAKER

MANAGING DIRECTOR, GDEV

TRIXIE BLAIR

VP, GDEV

DANIEL DRUCKER

FUND CONTROLLER, GDEV

ANAND GAJJAR

GREENBACKER GROUP BOARD MEMBER

GREG GREENMAN

VP, OPERATIONS

RON IERVOLINO

BOARD CO-CHAIR

JOSEPH NANO

SENIOR ASSOCIATE, GDEV

QUINN PASLOSKE

PRINCIPAL, GDEV

BRUCE USHER

GDEV INVESTMENT COMMITTEE MEMBER

CINDY WEI

ASSOCIATE, GDEV

Portfolio

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4Q2020
Strategic investment in Dichotomy Power, an owner-operator of small hydroelectric generating facilities in the Northeast

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4Q2020
Strategic investment in Encore Renewable Energy, a developer of solar photovoltaic and battery storage projects in the Northeast

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4Q2020
Strategic investment in Chaberton Energy, a developer of solar photovoltaic projects in the Mid-Atlantic region

CEH

4Q2020
Strategic investment in Clear Energy Investments, an owner-operator of small hydroelectric generating facilities in the Northeast

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4Q2020
Strategic investment in OYA Solar, a developer of community solar projects focused on New York

cepsolar

3Q2021
Strategic Investment in CEP Solar, a developer of distributed and utility-scale solar and storage projects in Virginia

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4Q2021
Strategic investment in Delorean Power, a developer of battery storage assets in the Northeast and Mid-Atlantic regions

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1Q2022
Strategic investment in Noria Energy, a California-based developer of behind-the-meter floating and ground-mounted solar projects

GDEV PORTFOLIO ACTIVITY

Encore Renewable Energy to Expand Renewable Energy Work with Commitment from Greenbacker Development Opportunities Fund

Chaberton Energy Announces Investment from Greenbacker Development Opportunities Fund to Provide Development Capital for Renewable Energy Projects in the U.S. Mid-Atlantic