Greenbacker Renewable Energy Co., through a wholly owned subsidiary, has purchased Heathlands, a 41-megawatt (MW) utility-scale solar project, from Prism Power Partners (Prism).
The to-be-constructed asset is the second project in Prism’s 53-MW 2022 Michigan portfolio, the other being a 12-MW pre-operational solar project, which Greenbacker also purchased earlier this year. Heathlands marks Greenbacker’s largest asset in Michigan, as the company continues to expand its footprint in the Great Lakes State.
The Heathlands solar project also comes with the potential to build out energy-storage capabilities. The facility was designed with the option to add colocated battery-energy storage systems onsite. Power storage coupled with renewable energy offers numerous advantages, such as lowering consumer electric bills by discharging stored energy during periods of peak demand and saving power reserves for specific use during emergencies.
Heathlands is Greenbackerâ€