Greenbacker increases United States footprint with 19.5-MW solar portfolio purchase

• Greenbacker Renewable Energy Company LLC (GREC) revealed on Wednesday that it has obtained a 19.5-MW DC portfolio of operating solar projects in the US, broadening its footprint in New England as well as scratching its very first purchase in Rhode Island.

The portfolio, spanning three US states, was purchased from solar programmer NextSun Energy via a wholly-owned subsidiary of GREC. The purchase consists of 15 projects with a power-generating capability varying in between 0.6 MW DC and 5.0 MW DC. The possession in North Smithfield, Rhode Island has a capacity of 1.1 MW DC.

The projects all came online between late 2013 and also very early 2017. They have existing lasting power acquisition contracts (PPAs) with energies, municipalities as well as services.

"With the current sale of our operating portfolio to GREC, we currently have the capacity to focus every one of our transmission capacity directly on creating future solar as well as battery energy storage systems, NextSun head of state Jake Laskin claimed.

With the most up to date purchase, Greenbacker's portfolio has actually reached 2.2 GW of creating ability, including properties that are yet to be built.