Greenbacker gets 4-MWdc solar project in Virginia

• Sustainable infrastructure capitalist Greenbacker Capital Management LLC announced on Wednesday it has actually gotten a 3.9-MW straight current (DC) solar project in Virginia.

The to-be-constructed scheme was purchased with an affiliated financial investment lorry from Virginia-based clean power designer Sun Tribe Development for an unrevealed amount.

The acquired project, called Wood Brothers Road Solar, represents Greenbacker's access right into the clean power market in Virginia.

Located on a portion of an energetic soybean farm in Middlesex County, Greenbacker anticipates Wood Brothers Road to begin business procedure in the first half of 2024.

An unnamed investment-grade utility is the off-taker of the solar farm's energy, capacity, ancillary solutions, and renewable energy credits under a long-lasting power purchase arrangement (PPA).

The acquisition comes less than a month after Greenbacker Renewable Energy Company LLC (GREC), the energy company of the team, acquired its initial wind energy asset in the state of Illinois, a 54-MW to-be-constructed wind farm, and secured financing for 160 MW of solar projects in South Dakota and Montana.