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INSIGHTS

The power play: Distributed energy resources

Today there is an unparalleled opportunity to create value by hosting and monetizing multiple onsite distributed energy resources (DERs). Proximity to strategic grid interconnection is key to facilitating the storage and sale of power, which can provide benefits like additional revenue, energy resilience, and rental appeal for both property owners and tenants.

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Growing clean energy investment beyond power generation

With renewables now among the cheapest forms of power generation in the...
Greenbacker solar panel

Pausing tariffs is good news for US solar

Recently, a tariff petition from a tiny US-based solar panel manufacturer threatened...
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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...
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Ben Baker discusses Greenbacker Development Opportunities Fund’s approach to investing in growth-stage clean energy companies

Baker talks about partnering with strong management teams in compelling sustainable infrastructure...
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Greenbacker, rPlus Energies and Sundt Construction break ground on major new solar project in Carbon County, Utah

104 Megawatt (dc) / 80 Megawatt (ac) Graphite Solar Plant to power...
Polysilicon-Sourcing

On our radar: slave labor and the solar panel supply chain

Investors are concerned about the sourcing of solar panel materials in parts...

PRESS ROOM

Greenbacker announces additional information regarding the Annual Meeting of Shareholders originally scheduled for May 30, 2024

By GCM | May 30, 2024

Notice is hearby given that the Greenbacker Renewable Energy Company LLC Annual Meeting of Shareholders originally scheduled for May 30, 2024 at 9:00 a.m. Eastern Time was adjourned due to lack of sufficient votes. The date of the Annual Meeting of Shareholders has been rescheduled to Tuesday, July 30, 2024 at 9:00 a.m. Eastern Time.

Greenbacker delivers first quarter results

By GCM | May 21, 2024

Greenbacker Renewable Energy Company has announced financial results for the first quarter of 2024, including year-over-year increases in revenue, operating capacity, and clean power production, as well as quarterly highlights including the completion of a $437 million financing for Greenbacker’s milestone repower portfolio and the expansion of the firm’s leadership team. The latter included appointing a new CFO and filling the newly created Head of Capital Markets position, which followed the late-2023 addition of the new Head of Infrastructure position. “We’re excited to have the right team in place at the right time, and we look forward to capitalizing on the opportunities we see across the energy transition investment landscape,” said CEO Charles Wheeler.

Greenbacker completes $437 million financing for repowers in company milestone: first wind repowers to leverage the domestic content bonus

By GCM | April 24, 2024

These repowers mark a significant energy transition milestone for Greenbacker, as they’re among the first clean energy projects to qualify for both the 30% investment tax credit and the 10% domestic content bonus newly established under the Inflation Reduction Act. They also represent Greenbacker’s first projects financed via sale-leaseback, enhancing upfront proceeds and transaction efficiency by capturing the benefits of tax equity financing and back leverage lending in one transaction.

Greenbacker Development Opportunities releases 2023 Impact Report

By GCM | April 22, 2024

The Greenbacker Development Opportunities Funds (collectively, “GDEV”), investment vehicles affiliated with Greenbacker Capital Management that make growth capital investments in sustainable infrastructure and renewable energy platforms, have released their 2023 Impact Report. “GDEV is focused on enabling the development of renewable power generation and the transition to a carbon-free electrical grid,” said Benjamin Baker, Managing Director of GDEV. “We’re proud to showcase our steadfast commitment to clear and actionable policies within Greenbacker and across our portfolio companies to work towards a brighter, greener future.”

Greenbacker delivers 2023 results

By GCM | April 4, 2024

Greenbacker Renewable Energy Company has announced financial results for 2023, detailing annual revenue and year-over-year growth in operating capacity and clean energy generation, as well as annual highlights that include the company’s first wind asset repowers, its milestone monetization of IRA incentives, and the launch of Greenbacker Capital Management’s fourth sustainability driven investment strategy, focused on Energy Transition Real Estate. “After continuing to accelerate Greenbacker’s growth in 2023, we look forward to pushing the boundaries even further in 2024,” said Greenbacker CEO Charles Wheeler.

Greenbacker grows investments team to continue push into Energy Transition Real Estate, hires new Head of Acquisitions

By GCM | April 2, 2024

Greenbacker Capital Management is pleased to announce the expansion of its real estate investments team with the hire of Evan Sherman as Head of Real Estate Acquisitions. Sherman’s addition bolsters the capabilities of GCM’s fourth sustainability-driven investment strategy, which focuses on acquiring undervalued real estate where the company can leverage access to the grid to host distributed generation, storage, and EV charging infrastructure. Sherman rejoins former Blackstone colleague, David Zackowitz, who launched Greenbacker’s sustainable real estate business in 2023.

Lightshift Energy raises $100 million from Greenbacker Capital Management to expand utility scale battery storage across North America

By GCM | March 28, 2024

Lightshift Energy, formerly known as Delorean Power, announced capital infusions totaling $100 million from Greenbacker Capital Management LLC (“GCM”). The company has secured $20 million from a GCM-affiliated investment vehicle dedicated to making growth equity investments in sustainable infrastructure development platforms. These funds will be used to scale Lightshift’s team, accelerate sales, and grow its pipeline. In addition, Lightshift has secured $80 million from a second GCM-affiliated investment vehicle that invests in sustainable infrastructure assets. This capital will support the construction and operations of Lightshift’s portfolio.

Greenbacker Capital Management’s largest clean energy asset to date enters commercial operation

By GCM | February 14, 2024

Greenbacker Capital Management announced that its largest operating asset to date has entered commercial operation. The 240 MWdc / 200 MWac utility-scale Appaloosa Solar 1 began delivering solar energy on January 24, 2024, helping contribute to Meta’s 100% renewable energy and net zero goals. In addition to representing a company milestone, the financing for the project also marked one of the first tax equity transactions to utilize the solar production tax credit newly expanded by the Inflation Reduction Act.

Greenbacker announces new Chief Financial Officer, expands team with new Head of Infrastructure and Head of Capital Markets

By GCM | February 1, 2024

Greenbacker is pleased to announce the appointment of Christopher Smith, CFA as CFO, effective February 1, 2024. Greenbacker also welcomes Daniel De Boer as Head of Infrastructure and Carl Weatherley-White as Head of Capital Markets. These newly created roles, integral to the firm’s growth, underscore Greenbacker’s expanding strategy, capability, and commitment to investing in the energy transition. 

Greenbacker clean energy project financing

Greenbacker secures $92 million financing for storage and solar portfolio

By GCM | December 14, 2023

Greenbacker Capital Management has entered into a $92 million financing agreement with BMO. The financing package—which includes a construction to term loan, tax equity bridge loan, term loan commitment, and letter of credit facility—will be used to support construction of the company’s largest standalone battery energy storage system (BESS) project to date, the 30 MW / 120 MWh Holtville BESS, as well as a number of community solar projects.