Greenbacker agrees to acquire 19 MW Electric City Solar project in Michigan
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.
Country updates
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December 16, 2019
Clearway Energy buys 527 MW Carlsbad Energy Center from GIP
Clearway Energy, Inc. has completed the acquisition of the 527 MW Carlsbad Energy Center from Global Infrastructure Partners III (GIP) for a purchase price of US$184 million. The transaction closed on...
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December 16, 2019
Greenbacker signs agreement to acquire 27.7 MW solar portfolio in Vermont
Greenbacker Renewable Energy Company LLC, through a wholly-owned subsidiary, has signed the rights to purchase a 27.7 MWdc, 14 project solar portfolio from Encore Renewable Energy and closed a US$4 mi...
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December 13, 2019
Black Hills adds 12.5 MW of capacity to Corriedale Wind Energy Project in Wyoming
Black Hills Corp's South Dakota Electric and Wyoming Electric utilities, doing business as Black Hills Energy, received approval from the South Dakota Public Utilities Commission to increase the offer...
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December 13, 2019
IEA to construct two wind projects in Texas
Infrastructure and Energy Alternatives, Inc. (IEA) has announced a pair of substantial wind energy project awards in Texas. Together, the awards are valued at more than US$115 million. One award is...
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December 13, 2019
Greenbacker concludes financing for 50.8 MW US wind projects
Greenbacker Renewable Energy Company LLC, on November 22, 2019, has completed a US$68,000,000 debt financing agreement with Bayerische Landesbank (BayernLB). The debt will be placed on a portfolio of...
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