Greenbacker agrees to acquire 19 MW Electric City Solar project in Michigan
Date
December 17, 2019
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
(USA) United States of America
Subsectors
Photovoltaic
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Greenbacker Renewable Energy Corporation has reached an agreement with Prism Power Partners to acquire Electric City Solar, a 19 MW construction-ready solar project in Michigan with a 25-year municipal offtake agreement.
Electric City is expected to begin construction in Q1 2020 and reach commercial operations in the Summer of 2020.
Sheppard Mullin Richter & Hampton LLP is the legal advisor to Greenbacker. Nixon Peabody LLP is the legal advisor on this transaction for Prism.
