INSIGHTS
Battery storage can offer stable return streams
Battery storage developers, and project owners like Greenbacker, are able to capitalize on multiple revenue models—as well as several incentive programs—to maximize returns. This applies to energy storage projects that act in concert with renewable generation or on their own to help stabilize the grid.
How solar on landfill works
With agrivoltaics, solar sites harvest more than just clean energy
Growing clean energy investment beyond power generation
Pausing tariffs is good news for US solar
Renewables continue to rise as a leading source of electricity in the US
Ben Baker discusses Greenbacker Development Opportunities Fund’s approach to investing in growth-stage clean energy companies
PRESS ROOM
Greenbacker announces investment in commercial solar and storage platform Sunrock Distributed Generation
Sunrock DG develops smaller-scale commercial solar projects that allow businesses, municipalities, and non-profits to access the financial and environmental benefits of solar power. Partnering with Greenbacker will increase Sunrock DG’s capacity to provide financing for small and medium businesses transitioning to solar. It will also enable Sunrock DG to expand its pipeline of middle-market commercial solar and storage projects.
rPlus Energies, Greenbacker Renewable Energy Company & Sundt Renewables Commit $75,000 to Carbon County, UT Students in Pilot ‘Local First Scholarship’
The inaugural scholarship supports local workforce needs by providing tuition to students who pursue a certificate or degree from Utah State University Eastern and plan to work in the Carbon County area after graduation.
Greenbacker Renewable Energy Company LLC announces completion of management acquisition
Greenbacker Renewable Energy Company LLC (“GREC”) today announced that it has successfully completed the acquisition of the management function currently being performed by Greenbacker Capital Management, LLC, an SEC registered investment adviser, and certain affiliated companies into GREC’s wholly owned subsidiary, Greenbacker Renewable Energy Corporation. Management believes the transaction will provide a number of potential benefits, including offering new opportunities to pursue exciting prospects to create value for shareholders.
Greenbacker delivers first quarter results
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
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
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
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
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
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
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.
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