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INSIGHTS

Renewables continue to rise as a leading source of electricity in the US

Falling technology costs along with state and federal incentives for wind and solar usage create strong competition for electricity generation. States' Renewable Portfolio Standards, as well as declining capital costs, have allowed for sharp growth in the use of renewables...
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Wind Power, Freezing Weather, and the Renewable Energy Landscape in Texas

The mid-February winter storm in Texas has dramatically underscored the importance of...
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Tax Equity: A Boost for Investors in Renewable Energy Projects

Tax equity is an essential—and growing—component of renewable energy investing. According to...
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Driving Economic Growth by Democratizing Renewable Energy Investing

With the approach of the winter flu season, the United States faces...
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Stability in a Storm: From Pandemic to Climate Crisis

As the global pandemic wreaked havoc on financial markets, investors experienced dramatic...

PRESS ROOM

Greenbacker solar project

Greenbacker delivers first quarter results

By GCM | May 18, 2022

Greenbacker announces substantial year-over-year expansion in operating capacity, fleet size, production, revenue, and investments value, with net assets reaching a record high of over $1.5 billion.

Greenbacker acquires 55 MW operating wind project in New York

By GCM | May 5, 2022

Greenbacker has purchased the Howard wind project, a 55.4 MW operational wind farm, from BlackRock. Howard is now the second largest asset in the company’s wind fleet and also marks Greenbacker’s first wind project in New York, where it supports local green energy jobs and produces enough clean energy to power approximately 12,500 homes a year.

Greenbacker acquires three New York solar projects totaling 50 MWac

By GCM | May 3, 2022

Greenbacker announced today that it has purchased three pre-operational, utility-scale solar projects in New York from Hecate Energy. The projects, which are slated to reach commercial operation in 2023, will deliver 50 MWac of solar power to consumers in the tri-state area, generating enough clean energy to power nearly 10,000 homes.

Greenbacker secures $76 million credit agreement with Fifth Third Bank and PNC Capital Markets

By GCM | April 19, 2022

Greenbacker has entered into a senior credit agreement of $76.3 million with Fifth Third Bank and PNC. Morgan Stanley Renewables Inc. served as tax equity investor. Greenbacker will use the credit facility to expand its Celadon portfolio of solar projects, which comprises 36 projects totaling 107 MWdc of clean energy–generation capacity.

Greenbacker delivers annual results

By GCM | March 31, 2022

Greenbacker has announced record growth in 2021, raising almost $1 billion in new investor capital and delivering substantial expansion across fleet size, production, revenue, capital deployed, and portfolio value.

Greenbacker Capital’s debut private equity fund closes near its funding cap

By GCM | March 8, 2022

Greenbacker announced today that its Greenbacker Development Opportunities Fund I, LP has completed fundraising, nearly reaching its $150 million hard cap. The Fund provides flexible capital and access to Greenbacker’s best-in-class technical asset management team for growth-stage clean energy companies.

Greenbacker acquires financial interest in 150 MW operating solar portfolio in Minnesota

By GCM | March 3, 2022

Greenbacker has purchased a 49% financial interest in the 150-MW operating Aurora solar portfolio from BlackRock Global Renewable Power Fund II. The portfolio, which comprises 16 solar projects in the Minneapolis-St. Paul area, represents one of Greenbacker’s single largest acquisitions to date. With this transaction, GREC continues to scale up its national clean energy investments and build out its presence in a state with a proven track record of supporting renewables.

Greenbacker acquires solar and storage portfolios across Illinois, Maine, and New York

By GCM | March 1, 2022

The acquisition from Borrego consists of two pre-operational solar portfolios and a pre-operational energy storage portfolio in NYC. The solar portfolios are mostly made up of community solar projects, contributing to more equitable renewable energy access, while the storage portfolio represents GREC’s first assets under development in the standalone battery storage space, a sector critical to greater grid resilience.

Greenbacker Capital expands Investments team with new senior hire

By GCM | February 23, 2022

Greenbacker is pleased to announce that Maya Rao has been hired as a Managing Director on the Investments team. Her addition—which underscores Greenbacker’s continuing growth—bolsters the firm’s ability to expand its clean energy investments beyond traditional sectors, particularly in battery storage.

Greenbacker acquires 20 MWdc pre-operational solar portfolio in Washington

By GCM | February 8, 2022

The portfolio’s three 6.7-MWdc projects are Greenbacker’s first assets in Washington, a state with ambitious clean energy targets and strong support for renewables.

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