Greenbacker commissions 3 MW Phoenix solar PV project in Capitol Heights

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Greenbacker Renewable Opportunity Zone Fund LLC's 3.1 MW solar project has begun commercial operations and is now producing electricity. This marks the first project completed by Greenbacker Renewable Opportunity Zone Fund and the beginning of the fund’s operations.

The solar project is located in Capitol Heights, Maryland and is contracted with a wholly-owned subsidiary of WGL Holdings, a public utility company serving the greater Washington DC area.

The first-of-its-kind facility in the county is in a qualified opportunity zone that has been vacant for 30 years after it was deemed unsuitable for residential development. The solar project will produce enough energy to power 333 homes and is expected to contribute approximately US$1.4 million in total tax revenue to the county over its length of service.

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