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 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.
Greenbacker acquires solar and storage portfolios across Illinois, Maine, and New York
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 acquires 20 MWdc pre-operational solar portfolio in Washington
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.
Greenbacker acquires 16.3 MWdc operating rooftop solar portfolio in Massachusetts
The 16-project rooftop solar portfolio utilizes area atop buildings and parking structures—space that would otherwise be left idle—to help the Greater Boston area run on cheaper clean energy.
Greenbacker acquires 6.5 MWdc pre-operational solar project in Vermont
The South Street solar project is now GREC’s largest solar asset in Vermont. Once completed, 100% of the clean energy it produces will be allocated to Middlebury College.
Greenbacker Capital announces investment in floating solar developer Noria Energy
With this investment, Greenbacker enters the floatovoltaics market, an emerging area of the renewable energy asset class with unique environmental and power production advantages.
OYA Solar announces corporate investment to accelerate company growth
The transaction was led by Greenbacker Capital Management, LLC investing through an affiliated fund. Proceeds of the expanded investment will be used to accelerate the development and construction of OYA’s 3GW+ pipeline across the Northeast and mid-Atlantic and to fund acquisitions. “We are grateful for Greenbacker’s continued confidence and support in us as a disciplined, rapidly growing renewable energy platform,” says Manish Nayar, CEO and Founder of OYA Solar.
Delorean Power announces investment from Greenbacker Capital
As a developer and owner-operator of standalone battery energy storage projects across the US, Delorean’s projects are integral to the clean energy transition, helping the grid to better adapt to further increases in renewable energy. The growth investment from Greenbacker will allow Delorean to further scale its platform while continuing to execute and expand on its existing pipeline of energy storage projects.
Greenbacker’s 15.3 MW RoxWind asset reaches commercial operation
Greenbacker’s largest sustainable infrastructure project in Maine powers 4,500 homes and supports local clean energy jobs.