Greenbacker Renewable Energy Co., through wholly-owned subsidiaries, has acquired the rights to 31.33 megawatts (MW) of solar projects and partnered on an additional 3.5MWs of solar in three separate transactions.
The transactions follow Greenbacker’s acquisition in September of two wind energy facilities in Iowa, and build on the company’s growing momentum as it establishes itself as a key investor and project sponsor in the U.S. renewable energy space.
Through its portfolio of attractive green power projects with long-term contracts in-place with utilities, municipalities and other corporate entities, Greenbacker seeks to provide steady current income and moderate capital appreciation for investors, typically those in the registered investment adviser (RIA) and family office segments.
In the first transaction, Greenbacker has acquired the rights to a 25.6MW solar commercial and industrial portfolio from IGS Solar. The portfolio spans several states, includ