Equal Earth, Greenbacker Announce $50M Solar Finance Partnership

Posted by SI Staff on July 17, 2014 No Comments
Categories : FYI

Equal Earth Inc., a San Diego-based diversified renewable energy company, has partnered with Greenbacker Renewable Energy Co. to provide up to $50 million to finance solar projects. Equal Earth says it will use the capital to fund solar power purchase agreements for businesses, utilities and non-profit organizations.

New York-based Greenbacker Renewable Energy Co. funds a wide variety of renewable energy assets, and the company's CEO, Charles Wheeler, says, ‘Equal Earth is an ideal partner for us. They combine deep industry experience with a scalable business model, and we expect to rapidly deploy this capital with them."

"Equal Earth has a very aggressive growth plan, and this $50 million is the catalyst for further expansion," states Equal Earth Chairman, President and CEO Andrew Duggan." We are happy to team up with Greenbacker to create more opportunities for the public to access affordable, clean power."

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