Greenbacker announces third quarter financial and operational results, including year-over-year increases in clean power operating capacity, production, and revenue, as well as valuation adjustments to address interest rates and rising insurance costs. The Company’s operating capacity increased by 305 MW, including its third largest operating project to date--the 99 MW Fall River solar project in South Dakota.| Greenbacker Capital
The 12 MW acquisition further scales Greenbacker’s clean energy footprint in the state, where the firm has over 100 MW of operational solar capacity. The projects are also part of Greenbacker’s second portfolio-level transaction with OneEnergy, a deal that also includes solar assets in Wisconsin, Maryland, and Iowa.| Greenbacker Capital
Greenbacker Renewable Energy Company has announced financial results for the second quarter of 2024, including year-over-year increases in revenue, operating capacity, and clean power production, as the company brought online over two dozen additional solar assets and its recent wind repowers continued to benefit fleet performance. Quarterly highlights included $58 million in total operating revenue, 916,000 MWh of clean power produced, and $41 million raised in investment vehicles managed by...| Greenbacker Capital
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 followe...| Greenbacker Capital
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 s...| Greenbacker Capital
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 Greenb...| Greenbacker Capital
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,...| Greenbacker Capital