Greenbacker renewable energy posts $242 million net loss in 2024
The company is evaluating strategic alternatives as inflationary pressures, supply chain imbalances and increasing insurance costs have lowered net asset values, said the renewable energy infrastructure investor in its 2024 financial report.
50 states of solar incentives: South Dakota
The state has just 2 MW of installed solar capacity, but its integrated resource plan includes 120 MW of clean energy resources by 2025, which includes 100 MW of wind or solar generation, and 20 MW of energy storage divided equally across the two states.
Greenbacker acquires interest in Minnesota solar portfolio
In one of the company’s largest transactions to date, Greenbacker has acquired a significant financial interest in the 150MW operating Aurora solar portfolio
Greenbacker expands into Washington with solar portfolio purchase
The three 6.7MW projects are Greenbacker’s first assets in Washington, and all of the projects have long-term power supply agreements in place and completion projections for later this year.
Greenbacker acquires 16MW Massachusetts rooftop portfolio
The 16 installations in the portfolio all entered operation between the third quarter of 2018 and the second quarter of 2020, and each has an offtaker contracted for its generation.
Greenbacker acquires solar project set to power Middlebury College
The 6.5MW South Street solar project, has a power purchase agreement in place with Middlebury College, and will meet 30% of the College’s annual electricity demand.
Greenbacker acquires two community solar projects
The projects include 6.6 MW in capacity and are the third and fourth acquired by Greenbacker from ReneSola in Maine this year.
Greenbacker names EPC for two utility-scale solar projects
Both projects have long-term PPAs in place with local utilities and are slated to start construction later in 2021.
Sunrise brief: SunPower weighs options for its C&I business as it focuses on residential solar
Also on the rise: Massachusetts considers SMART program changes, EV demand could tighten li-ion battery supplies for utility energy storage, and Greenbacker adds to its Colorado solar portfolio.
Greenbacker adds two Denver airport solar projects to its portfolio
The airport will buy electricity via 25-year power purchase agreements that are expected to save it $3 million over the term.
