GREENBACKER RENEWABLE ENERGY COMPANY

GREC Share Repurchase Suspension

GREC Distribution Suspension


Greenbacker Renewable Energy Company LLC (“GREC”):

2024 K-1 tax forms are now available.

5498 tax forms for our First Trust Retirement shareholders will be available by 5/31/2025.

GREC did not generate Unrelated Business Taxable Income (UBTI) in 2024.

Investors may access their tax forms using the Investor Login button below and financial representatives/advisors may access their customer tax forms by using the Advisor Login button below.

For assistance with the Investor Portal, please call our Service Center at (833) 404-4104 and select option 1. 

For assistance with DST Vision, please call DST Vision Support at (800) 435-4112.

BY THE NUMBERS

Monthly Share Value (1)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2016----$8.810$8.810$8.810$8.950$8.950$8.95$8.830$8.830
2017$8.830$8.760$8.760$8.760$8.690$8.690$8.690$8.730$8.730$8.730$8.750$8.750
2018$8.750$8.810$8.810$8.810$8.840$8.840$8.840$8.900$8.90$8.900$8.890$8.890
2019$8.890$8.760$8.760$8.760$8.760$8.760$8.76$8.770$8.770$8.770$8.930$8.930
2020$8.930$8.930$8.900$8.900$8.950$8.950$8.950$9.020$9.020$9.020$9.020$9.020
2021$9.020$8.960$9.020$9.0190$8.923$8.923$8.923$8.914$8.914$8.914$8.803$8.803
2022$8.803$8.798$8.798$8.798$8.798$8.798$8.798$8.987$8.987$8.987$8.801$8.801
2023$8.801$8.810$8.810$8.810$8.834$8.834$8.834$8.761$8.761$8.761$8.247$8.247
2024$8.274$8.274$8.274$8.274$8.207$8.207$8.207$7.972$7.972$7.972$7.907$7.907
2025$7.907$7.907$7.907$5.129--------

Monthly Share Value (1)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2021$8.670$8.680$8.731$8.760$8.682$8.682$8.682$8.735$8.735$8.735$8.630$8.630
2022$8.630$8.619$8.619$8.619$8.619$8.619$8.619$8.817$8.817$8.817$8.612$8.612
2023$8.612$8.626$8.626$8.626$8.651$8.651$8.651$8.582$8.582$8.582$8.075$8.075
2024$8.075$8.105$8.105$8.105$8.042$8.042$8.042$7.807$7.807$7.807$7.761$7.761
2025$7.761$7.761$7.761$4.981--------

Monthly Share Value (1)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2021-$9.005$9.005$9.005$8.968$8.968$8.968$8.962$8.962$8.962$8.859$8.859
2022$8.859$8.842$8.842$8.842$8.842$8.842$8.842$9.003$9.003$9.003$8.817$8.817
2023$8.817$8.828$8.828$8.828$8.851$8.851$8.851$8.776$8.776$8.776$8.261$8.261
2024$8.261$8.268$8.268$8.268$8.216$8.216$8.216$7.979$7.979$7.979$7.933$7.933
2025$7.933$7.933$7.933$5.152--------

Monthly Share Value (1)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2021-$9.005$9.005$9.005$8.975$8.975$8.975$9.012$9.012$9.012$8.894$8.894
2022$8.894$8.878$8.878$8.878$8.878$8.878$8.878$9.059$9.059$9.059$8.863$8.863
2023$8.894$8.864$8.864$8.864$8.882$8.882$8.882$8.805$8.805$8.805$8.287$8.287
2024$8.287$8.350$8.350$8.276$8.276$8.276$8.276$8.034$8.034$8.034$7.966$7.966
2025$7.966$7.966$7.966$5.181--------

Monthly Share Value (1)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2021-$9.005$9.005$9.005$8.994$8.994$8.994$8.972$8.972$8.972$8.852$8.852
2022$8.852$8.858$8.858$8.858$8.858$8.858$8.858$9.049$9.049$9.049$8.853$8.853
2023$8.853$8.872$8.872$8.872$8.887$8.887$8.887$8.808$8.808$8.808$8.289$8.289
2024$8.289$8.341$8.341$8.341$8.262$8.262$8.262$8.015$8.015$8.015$7.947$7.947
2025$7.947$7.947$7.947$5.114--------

Calendar Year Returns (2)

Class P-I (3) 5.52% 6.60% 8.84% 6.89% 10.07% 4.10% 6.71% 0.15% -1.88% -35.13%
Class P-A (4,5) 4.55% 1.58% 0.92% 5.64% 9.48% 6.09% 6.40% 0.10% -1.68% -35.82%
Class P-D (6) - - - - - 3.94% 6.20% 0.13% -1.73% -35.06%
Class P-T (6) - - - - - 3.82% 5.41% -0.96% -1.92% -34.96%
Class P-S (6) - - - - - 3.98% 6.13% -0.82% -2.18% -35.65%

Past performance is not indicative of future results. Return information is unaudited and subject to change. All returns shown assume reinvestment of distributions and are net of all expenses.

  1. Monthly share value as of January 1, 2025. Monthly Share Value (MSV) based calculations involve significant professional judgment. The calculated value of our assets and liabilities may differ from our actual realizable value or future value, which would affect the MSV as well as any returns derived from MSV, and ultimately the value of your investment. See the Private Placement Memorandum (“PPM”) for additional details related to the calculation of MSV. On February 4, 2025, GREC filed an 8-K with the SEC regarding an update to the Company's net asset value update process, upon which MSV is based. For more information, please view the 8-K filing.
  2. Returns shown are as of 4/1/2025 and reflect the percentage change in the MSV per share from the beginning of the applicable period, plus the amount of any distribution per share declared in the period. All returns are unaudited, assume the reinvestment of distributions, and are net of all expenses including G&A expenses, management fees, performance participation fees, and share class specific fees, as applicable.
  3. Fund launched in May 2016, no returns prior to launch.
  4. Fund launched in May 2016, no returns prior to launch.
  5. Class P-A shares were converted into Class P-I shares during the quarter ended June 30, 2017 and were not offered for sale for the period through April 15, 2018. Effective April 16, 2018, Class P-A shares were again offered.
  6. Fund launched in February 2021, no returns prior to launch.
  7. 2025 YTD figures are representative of the period of January 1, 2025 through April 1, 2025.

Operational Growth Highlights

(Year Over Year)

AS OF 12/31/24

icon-growth

Operating fleet grew by 8% as we turned on 22 new solar assets.

icon-projects

Greenbacker's solar assets generated over 1.5 million MWh of clean power, while its wind assets produced over 1.2 million MWh, representing year-over-year increases of 20% and 26%, respectively.

Converting pre-operating projects into assets generating revenue

Operating_pre operating_construction
pie-legend-battery

Operating

54%

Technology diversification

Pre-operating

23%

pie-legend-solar

Under construction

23%

callout1

3.1 GW

total clean power generating and storage capacity

callout1

1.6 GW

total operating capacity

callout6

23%

of project fleet is in construction, expected to be built by 2027

Long-term contracted cash flows1

Offtakers-1
pie-legend-solar

Investment-grade utility

80%

pie-legend-biomass

Investment-grade corporation

9%

pie-legend-battery

Non-rated3

7%

Technology diversification

Investment-grade municipality

4%

callout4

259

total unique offtakers contracted to purchase power from GREC

callout5

~10%

no single offtaker accounts for more than ~10% of our contracted revenue

callout6

17.4 years2

average remaining PPA term of total portfolio

Capturing value across strategic areas of the country

Technology diversification
Technology diversification

Solar

73%

pie-legend-battery

Wind

24%

Technology diversification

Solar + Storage

2%

pie-legend-solar

Battery Storage

1%

callout1

400+

renewable energy assets4 representing a total of 3.1 GW

callout2

Diversified

across solar, wind, and storage

callout3

35 States

provinces, territories, and Washington, D.C.

Diversification does not assure a profit or protect against loss in a declining market. Some figures may not add to stated totals due to rounding.

  1. References to cash flow reflect project-level cash flows and do not reflect investor-level cash flow or distributions.
  2. Weighted average remaining contract term refers to the power purchase agreements (“PPA”) of our total assets.
  3.  Non-rated off-takers are unrated by credit rating agencies.
  4. Prior to 3Q20 the Company did not formally track total asset and capacity statistics for projects the Company had contracted to acquire but had not yet closed.

ASSET MAP

TEAM

DAN DE BOER

INTERIM CHIEF EXECUTIVE OFFICER

ARMAND DEHANEY

PRINCIPAL, INVESTMENTS

MIKE DUDUM

VP, INVESTMENTS

JACQUELINE FEDIDA

VP, INVESTMENTS

DONAL MAHONEY

VP, INVESTMENTS

BAILEY PLUMMER

PRINCIPAL, INVESTMENTS

CARL WEATHERLEY-WHITE

INTERIM CFO | EXECUTIVE COMMITTEE

MANDY YANG

AVP, INVESTMENTS

GREC Portfolio Activity

Greenbacker acquires 57.5 MW wind farm in San Francisco Bay Area

By GCM | June 24, 2021

The company expands its California wind portfolio with purchase of Altamont Winds Project.

Greenbacker acquires new solar portfolio in South Dakota

By GCM | June 8, 2021

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

By GCM | May 25, 2021

104 Megawatt (dc) / 80 Megawatt (ac) Graphite Solar Plant…

Greenbacker Renewable Energy Company LLC acquires solar project totaling 80 MWac

By GCM | May 5, 2021

Portfolio expands solar footprint in Montana with to-be-constructed project.

Investor Center

For account-related inquiries, contact our Transfer Agent at (833) 404-4104

For completed Greenbacker paperwork:

Regular Mail
PO Box 219255
Kansas City, MO 64121-9255

Overnight Mail
430 W 7th St Ste 219255
Kansas City, MO 64105-1407