Greenbacker acquires 9.27 MW of solar energy projects from BNRG Renewables Ltd.

Greenbacker Renewable Energy Company LLC, through a wholly-owned subsidiary, has purchased the rights to a 9.27 megawatt (MW) portfolio of three solar projects from a subsidiary of BNRG Renewables Ltd. (BNRG). BNRG was advised by the principals of Javelin Capital.

The OR Solar Portfolio consists of three to-be-constructed ~3 MW ground mount projects in Oregon and is contracted with an investment grade Oregon utility under power purchase agreements for 15 years. The OR Solar Portfolio is expected to reach commercial operation between November 2019 and January 2020. BNRG will oversee the delivery of the projects to the Company, who will be the owner and operator. E.S.S. LLC dba Evergreen Solar Services (ESS) will act as the contractor and will work under BNRG’s supervision to bring the OR Solar Portfolio online.

With the addition of the OR Solar Portfolio, Greenbacker will own approximately 410 MW of generating capacity (including assets that are to be constructed), comprising 62 MW of wind facilities, 336 MW of utility-scale and distributed solar facilities, and 12 MW of biomass facilities.