Energy - JUNE 25, 2021

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Greenbacker Renewable Energy Co. acquires wind farm in San Francisco Bay Area

by Released

Greenbacker Renewable Energy Co. has purchased the Altamont Winds Project from funds managed by Castlelake.

At 57.5 megawatts, it is the single largest asset in Greenbacker’s wind portfolio. The Altamont Winds Project — Greenbacker’s second wind asset in California — boosts the company’s total nationwide wind energy capacity to slightly more than 300 megawatts.

Located in Alameda County, the project harnesses wind from the Altamont Pass, an area home to operating wind assets since the 1980s. The project is also near the Bay Area load pocket, giving it strategic value from the perspective of future energy usage and capacity needs.

The Altamont Winds Project, which is in final stages of commissioning, has a long-term power-purchase agreement (PPA) with East Bay Community Energy, a community choice aggregator (CCA). CCAs allow residents, businesses and municipalities to procure power from an alternative supplier, while still using the transmission and dis

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