INSIGHTS
Renewables remain most cost-effective and efficient method to meet surging power demand
In our latest whitepaper, we explore the reasons we believe the clean energy sector is poised to continue its growth trajectory, driven by a number of fundamental forces—including, surging electricity demand, economic competitiveness, swift scalability, and enduring bipartisan support. In our view, these trends create compelling investment opportunities within the energy transition, regardless of political cycle.
The power play: Distributed energy resources
A landmark COP28 deal for the energy transition
PRESS ROOM
Construction begins on New York’s largest solar energy project
Greenbacker today announced the start of major construction activities on its Cider Solar Farm in Genesee County, New York. Cider, which broke ground on early construction activities in late 2024, was the first renewable energy project of its kind to receive a siting permit from the state’s Office of Renewable Energy Siting and Transmission under Section 94-c rules. Upon completion in late 2026, Cider will be New York’s largest solar farm to date. Cider’s initial major construction phase will focus on substantive civil and mechanical activities, including placement of steel piling and racking for solar modules.
GDEV releases 2024 Energy and Impact Report
As part of GDEV Management, LLC’s (GDEV) commitment to support sustainable infrastructure and energy technologies, GDEV today released its 2024 Energy and Impact Report. GDEV’s investments scale energy businesses and advance critical infrastructure. With more than $400 million deployed in over a dozen platform investments, GDEV continues to bridge the gap between capital markets and real asset development. Among the report’s notable takeaways, GDEV’s portfolio, includes 12 active sustainable infrastructure platforms and 421 full time employees, generated 652 GWh of clean energy across 45 U.S. states and 3 Canadian provinces.
Greenbacker’s Cider solar project awarded North American Solar Deal of the Year
Greenbacker is proud to announce that its Cider solar project has been named the 2024 North American Solar Deal of the Year by Proximo. The award honors the multi-tranche financing package behind the project, which includes one of the market’s earliest tax credit transfer bridge loans, and underscores Greenbacker’s continued commitment to advancing the energy transition through strong industry partnerships and innovative financing packages. The nearly $1 billion project financing supports the construction and operation of the 674 MWdc utility-scale project—the largest solar project ever built in New York state and the largest clean energy asset in Greenbacker’s portfolio to date.
Greenbacker delivers 2024 results
Greenbacker Renewable Energy Company has announced annual results for 2024, including year-over-year increases in revenue, operating capacity, and power production, driven by the company’s milestone wind repowers and the new solar energy assets it brought online over the year. 2024 portfolio highlights also included Greenbacker’s development, acquisition, and beginning of construction on the largest solar project in the state of New York. Additionally, the company announced valuation adjustments and a restructuring of the business to better position the Company to capitalize on future market opportunities and deliver value to shareholders.
