Greenbacker Renewable Energy Co. has purchased a 15-project solar portfolio from NextSun Energy (NextSun). The NextSun operating portfolio, which totals 19.5 megawatts peak (MWdc) of clean power–generating capacity, expands Greenbacker’s footprint in New England and includes the company’s first asset in Rhode Island (North Smithfield, 1.1 MWdc).
The power-generating capacity of the portfolio’s component projects ranges from 0.6 MWdc to 5 MWdc. The projects all reached commercial operations between the fourth quarter of 2013 and the first quarter of 2017, and they all come with long-term power-purchase agreements already in place with utilities, municipalities and businesses.
“As Greenbacker’s clean energy contributions to New England’s power generation landscape continue to grow, we’re particularly excited to announce our first renewable energy asset in Rhode Island,” said Charles Wheeler, CEO of GREC. “This portfolio also represents a successful co
