Greenbacker acquires 20-MW solar package in Utah

Jun 9, 2021 07:59 PM ET
  • Greenbacker Renewable Energy Company LLC (GREC) claimed on Tuesday it has bought a 20-MW portfolio of pre-operational solar parks in Utah that are contracted under a lasting power purchase contract (PPA).
Greenbacker acquires 20-MW solar package in Utah

The renewables investor has bought the possessions from their programmer Energy of Utah for an unrevealed amount.

The portfolio concerned consists of the West River Solar and also West River Solar II parks that are planned to browse the web in December following year. The projects are located in South Dakota's Pennington County and also will certainly be run under a long-term PPA with investment-grade utility Basin Electric Power.

Both plants will be set up nearby from the 80-MW Fall River solar project in South Dakota, which GREC bought from the very same designer at end-2020.

Consisting of the current additions, Greenbacker's portfolio of operating and also to-be-constructed assets has expanded to 1.12 GW, consisting of 853.6 MW of utility-scale and also dispersed solar, 242.6 MW of wind, 16 MW of battery storage space as well as 12 MW of biomass plants.