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Greenbacker Acquires Rights to 21.8 MW of NC Solar Capacity (M&A)
Greenbacker Renewable Energy
Date: 2018-11-28
Kansas City, Missouri-based Greenbacker Renewable Energy Company LLC reports that through a wholly-owned subsidiary, it has purchased the rights to a 21.8 megawatt portfolio of three solar energy projects in Camden, Jamesville and Martin counties, North Carolina from SunEnergy1 LLC. Construction of the facilities has commenced, with closings to take place upon their reaching mechanical completion. All three facilities are expected to achieve commercial operations in early 2019.

The Company is currently working to arrange back leverage financing as well as tax equity financing. Once operational, the SE Solar Portfolio will sell all power generated to an investment grade utility off taker through a 15-year fixed price PPA.

With the addition of the SE Solar Portfolio assets, the Company will own approximately 278.7 MW of generating capacity (including assets in development and construction) comprising 61.5 MW of wind facilities and 217.2 MW of commercial and residential solar facilities. (Source: : Greenbacker Renewable Energy Company LLC, PR, 26 Nov., 2018) Contact: Greenbacker Renewable Energy Co. LLC., Charles Wheeler, CEO, (888) 292-3718, www.greenbackerrenewableenergy.com; SunEnergy1, David Sher, (917) 309-1234, www.sunenergy1.com

More Low-Carbon Energy News Greenbacker Renewable Energy,  Solar,  SunEnergy1,  

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