GREENBACKER RENEWABLE ENERGY COMPANY
Greenbacker Renewable Energy Company (GREC) is a publicly reporting, non-traded limited liability company that acquires and manages income-generating renewable energy and other energy-related businesses. Our business objective is to generate attractive risk-adjusted returns for our investors, consisting of both current income and long-term capital appreciation. We do this by acquiring and financing the construction and operation of income-generating renewable energy and sustainable development projects, primarily within North America. GREC invests in a diversified portfolio of income-producing renewable energy power facilities that sell long-term electricity contracts to off-takers with high credit quality, such as utilities, municipalities, and corporations.
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 Inception to date (“ITD”) returns are annualized consistent with the IPA Practice Guideline 2018.
2 There is no assurance GREC will pay distributions in any particular amount, if at all. Any distributions will be at the discretion of the board of directors. GREC may fund distributions entirely from sources other than cash flow from operations, including, without limitation, the sale of assets, or borrowings. In no event, however, shall funds be advanced or borrowed for the purpose of distributions if the amount of such distributions would exceed the accrued and received revenues for the previous four quarters, less paid and accrued operating costs with respect to such revenues, and costs shall be made in accordance with generally accepted accounting principles, consistently applied. For the quarter ending March 31, 2021, 100% of distributions were funded from a return of principal. By funding distributions with a return of principal to investors, GREC will have less money to invest, which may lower its overall return. For a historical breakdown of the distribution funding sources, please see GREC’s SEC filings.
3 Monthly share value as of June 1, 2022. 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.
4 Returns shown 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.
AS OF 3/31/22
GROSS INVESTMENT VALUE1
RATED SYSTEM CAPACITY²
NUMBER OF ASSETS²
WEIGHTED AVERAGE REMAINING TERM LENGTH
STATES, PROVINCES, TERRITORIES AND DISTRICTS
Portfolio metrics are unaudited and subject to change.
¹Gross investment value (GIV) reflects the fair value of our assets and cash as reported on GREC's annual and/or quarterly financial statements as filed with the SEC, as well as project-level debt related to our projects. The quarterly figures are unaudited and subject to change.
²Prior 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.
EVP, STRUCTURED FINANCE | EXECUTIVE COMMITTEE
CHIEF INVESTMENT OFFICER | EXECUTIVE COMMITTEE
CO-CEO | EXECUTIVE COMMITTEE
GREC Portfolio Activity
With these projects—Ridgewind (25.3 MWdc) and WindShare (5.4 MWdc)—Greenbacker continues to expand its presence in the North Star State and diversify its wind portfolio in the Midwest.
Greenbacker Capital Management, LLC, a leader in sustainable infrastructure investment, is pleased to announce that Mehul Mehta has been promoted to the position of Chief Investment Officer, effective October 2021. Since joining Greenbacker in June 2016, Mehul has been essential in shaping the firm’s growth trajectory.
The pair of pre-operational projects join several operational solar assets that Greenbacker owns at Denver International Airport—including two community solar gardens—adding scale to the company’s national solar operations and increasing its already substantial presence in Colorado.
At Altamont Pass in Alameda County, East Bay Community Energy brings 57 MW of local clean energy online
The Scott Haggerty Wind Energy Center is home to 23 new 2.5-MW turbines which will power more than 47,000 homes in East Bay Community Energy’s district each year.
For completed Greenbacker paperwork:
PO Box 219255
Kansas City, MO 64121-9255
430 W 7th St Ste 219255
Kansas City, MO 64105-1407