Greenbacker Capital Management, through an affiliated fund, has made a strategic investment in Dichotomy Power, an owner and operator of a growing portfolio of hydroelectric power-generation stations across the Northeastern United States. The investment is a signal of the importance of hydropower as an alternative to fossil-fuel generation, and of the promise of hydro assets as attractive long-term investments.
The transaction marks the third investment for the fund, established in 2020 to provide flexible capital to small- and medium-size renewable-energy infrastructure companies that are focused on developing distributed-power facilities serving high-value markets across the United States. The fund leverages Greenbacker Capital’s extensive experience and expertise in financing, engineering and operations.
Hydroelectric power generates about 80 gigawatts of electricity across the country, or about 7 percent of total U.S. generating capacity. Ownership of small hydro
