Greenbacker Renewable Energy Company has announced financial results for the first quarter of 2025, including year-over-year increases in IPP revenue, operating capacity, and clean power production, as the company placed over a dozen new solar assets into commercial operation. Highlights included $39 million power purchase agreement revenue, a 17% year-over-year increase, driven by a 14% increase in energy generation across Greenbacker’s combined wind and solar fleet. Company also shared additional detail regarding major construction on its largest asset to date: the 674 MW Cider solar project which, when completed in 2026, is expected to be the largest solar project in New York State.

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.