INSIGHTS
2025 Outlook on Energy Transition Investment
In Greenbacker’s 2025 Outlook Roundtable, available on Asset TV’s website and Bloomberg channel, heads of strategy Ben Baker, Dan De Boer, and David Zackowitz offer their insights on 2025 energy transition opportunities. Trends they see playing out next year include surging energy demand, the rising importance of grid resilience for homes and businesses, and the increasing need for datacenters to access outsized quantities of power.
The power play: Distributed energy resources
A landmark COP28 deal for the energy transition
PRESS ROOM
Greenbacker delivers first quarter results
Greenbacker Renewable Energy Company has announced results for the first quarter of 2025, including year-over-year increases in power purchase agreement (“PPA”) revenue, operating capacity, and clean power production, as the company placed over a dozen new solar assets into commercial operation. Highlights included $39 million PPA 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 announces update regarding the Annual Meeting of Shareholders scheduled for May 30, 2025
Notice is hereby given that the Greenbacker Renewable Energy Company LLC Annual Meeting of Shareholders originally scheduled for May 30, 2025, at 1:00 p.m. Eastern Time was adjourned due to lack of sufficient votes to reach quorum. The date of the Annual Meeting of Shareholders has been rescheduled to Thursday, July 31, 2025, at 1:00 p.m. Eastern Time, to allow additional time for shareholders to submit their votes.
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.
