Greenbacker Capital Management (GCM), through an affiliated investment vehicle, has completed a $148 million tax equity financing commitment with RBC Community Investments.
The commitment — considered one of the first tax equity deals to utilize the solar production tax credit (PTC) — is helping finance one of the largest solar projects in GCM’s fleet. This is Greenbacker’s first deal involving the new solar PTC.
GCM has placed RBC Community Investments’ $148 million investment with the overall financing for