Greenbacker Renewable Energy Co., through a wholly-owned subsidiary, it purchased the rights to a portfolio of 5.9-megawatt- to-be-constructed solar projects, developed by Ameresco.
The portfolio consists of sites in Massachusetts and New Jersey. In Natick, Mass., 0.6 megawatts is contracted to the off-taker, Natick Public Schools. In Princeton, N.J., 5.2 megawatts is contracted to the off-taker, Boston Properties Limited Partnership. Both are expected to reach COD in the third quarter 2020.
With this acquisition of the Ameresco portfolio, Greenbacker will own approximately 551.1 megawatts of generating capacity (including assets that are to be constructed), comprising 192.6 megawatts of wind facilities, 338.6 megawatts of utility-scale and distributed solar facilities, 12 megawatts of biomass facilities, and 7.9 megawatts of battery storage.