MN8 Energy Holdings, a scaled power platform with more than 4.3 gigawatts of renewable capacity in operations and under construction across 29 states, has agreed to acquire independent power producer Greenbacker Renewable Energy Co. in a cash-and-equity transaction valued at up to approximately $375 million.
Greenbacker owns a 1.9-gigawatt fleet of renewable-energy assets in operations and under construction across 22 states.
The surge in enterprise power demand, primarily driven by artificial intelligence (AI) and the rapid expansion of data centers, is accelerating the need for additional generation capacity and infrastructure investment across the United States. The transaction brings together power providers with the scale and expertise to deliver the capacity and infrastructure needed to support this accelerated expansion.
After the deal closes, the combined company will rank among the three largest clean-power platforms in the United States, with more than
