INSIGHTS
A landmark COP28 deal for the energy transition
The IEA’s World Energy Outlook 2023 – Key takeaways, opportunities, and the impact of the IRA
Greenbacker Principal Quinn Pasloske discusses infrastructure investment opportunities in the energy transition, including the company’s first investment in green molecules
Greenbacker – Invest4Impact Replay 2023
An open letter on the resilient nature of Greenbacker’s sustainable infrastructure investments
The Case for Infrastructure and Renewables Outlook 2023
PRESS ROOM
Greenbacker secures $75 million in warehouse facility financing
Greenbacker has closed on a new warehouse financing facility in an initial aggregate principal amount of $75 million, with the potential to increase up to $250 million. Greenbacker will deploy borrowings from the facility into investments across its solar, solar-plus-storage, and standalone energy storage portfolios.
Greenbacker hires new Head of Real Estate Investments
Greenbacker Capital Management is pleased to announce that David Zackowitz has been hired as the firm’s new Head of Real Estate Investments. He will lead GCM’s fourth sustainability driven investment strategy, focused on acquiring commercial and residential property where the company can reduce emissions and energy use intensity, as well as add additional sources of renewable power.
Greenbacker delivers second quarter results
Greenbacker announces second quarter financial results, a 508 MW year-over-year increase in fleet capacity, and a 17% increase in power production, highlighting the company’s continued growth as its projects generated over 765,000 megawatt-hours of clean energy for communities across the country.
Greenbacker partners with RBC Community Investments to complete one of clean energy industry’s first solar PTC deals
The $148 million financing commitment—one of the first ever tax equity deals to utilize the solar production tax credit—will help finance Greenbacker Capital Management’s largest solar power project to date: the 240 MWdc Appaloosa Solar project in Iron County, Utah.
Waste-to-value and low-carbon infrastructure leader Nexus PMG raises $50 million to accelerate its services and development efforts
Nexus PMG has announced a $50 million growth equity round, led by an affiliate of Greenbacker Capital Management. The growth equity infusion will drive services expansion, and accelerate in-house development platforms focused on renewable natural gas and sustainable aviation fuel production.
Greenbacker acquires largest standalone energy storage project to date
With a total power capacity of 30 MW and the ability to store up to 120 MWh of energy, the to-be-constructed Holtville BESS project can store enough energy to power over 4100 homes for a 24-hour period. It’s also now the largest standalone battery storage asset in Greenbacker’s clean energy fleet.
Greenbacker announces additional information regarding the Annual Meeting of Shareholders originally scheduled for May 31, 2023
Notice is hereby given that the Greenbacker Renewable Energy Company LLC Annual Meeting of Shareholders originally scheduled for May 31, 2023 at 9:00 a.m. Eastern Time was adjourned due to lack of sufficient votes, and has been rescheduled to July 13, 2023 at 9:00 a.m. Eastern Time.
Peak Power raises $35 million to ramp up expansion of its energy storage optimization software into the US
Led by Greenbacker Capital Management, the financing will accelerate Peak Power’s expansion of its energy storage platform, which includes optimization software and turnkey project development solutions for commercial and industrial customers and energy storage project developers across New York, Massachusetts, Virginia, and California.
rPlus Energies and Appaloosa Solar 1 project partners launch the ‘Local First – Appaloosa Solar 1 Scholarship’, committing $120,000 to students of Iron County, UT
The $120,000 scholarship is specifically for students residing in Iron County, UT—home to Greenbacker’s 240 MWdc Appaloosa solar project—who plan to pursue their career goals locally. The Local First scholarship series assists communities in meeting their workforce needs by providing tuition for local certificate and degree programs.
Greenbacker delivers first quarter results
Greenbacker announces first quarter financial results and a 730 MW year-over-year increase in fleet capacity. This expansion encompassed 52 new assets and included a new milestone for the company, which closed on its largest solar-plus-storage project to date.