Greenbacker Subsidiary Acquires Solar Portfolio


New York-based Greenbacker Renewable Energy Co. LLC says its wholly owned subsidiary has signed a definitive agreement to acquire an $880,000 solar portfolio with assets in Colorado.

The Sunny Mountain portfolio consists of rooftop and ground-mount solar systems located on municipal, commercial and residential properties. Electricity produced by the portfolio is sold under long-term power purchase agreements.

‘We are excited to add these high-quality assets to our portfolio, and their long term contractual power purchase agreements help provide stability and predictability of future cashflows," says Charles Wheeler, CEO of Greenbacker.

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