Greenbacker Renewable Energy purchased 6 solar projects in coastal states
Greenbacker Renewable Energy announced that it has purchased the rights to the 21.2-MW DG Solar Portfolio of six distributed solar projects from a Clearway Energy Group subsidiary. The portfolio projects, which are located in California, New Jersey and Maryland, are expected to reach commercial operation between June 2019 and March 2020.
DG Solar Portfolio consists of 5.5 MW in California, 2.7 MW in New Jersey and 13.0 MW in Maryland and is a mix of ground-mount and rooftop systems. The portfolio is contracted with facility power purchase agreements for 20 to 25 years.
“We are delighted to add more great projects to our already substantial 2019 construction-ready C&I pipeline,” said Charles Wheeler, CEO of the Greenbacker Renewable Energy. “We very much look forward to bringing them all online in the coming months and bringing low-cost renewable energy to our growing list of corporate partners.”
With the addition of the DG Solar Portfolio, the Company will own approximately 378 MW of generating capacity (including assets that are to be constructed) comprising 62 MW of wind facilities and 316 MW of utility-scale and distributed solar facilities.
News item from Greenbacker Renewable Energy