Greenbacker Renewable Energy completes acquisition of 30.7 MWdc wind farms in Minnesota

Greenbacker Renewable Energy Company LLC, through a wholly-owned subsidiary, has purchased two operating wind assets in Murray County, Minnesota, from PRC Wind. 

The 25.3 MWdc Ridgewind wind project is an 11-turbine system that entered commercial operation in January 2011. It has a power purchase agreement in place with Xcel Energy – Minnesota. Another project, the 5.4 MWdc WindShare wind farm, is a three-turbine system that currently operates on a full merchant basis, reached commercial operation in April 2006.

Greenbacker now owns three wind farms in Minnesota, including CWS (30.8 MWdc) in neighboring Nobles County, all of which are operational. Greenbacker also has three operating wind assets nearby in Iowa. These include Hawkeye, Elk, and Rippey, which have clean power–generating capacities of 37.5 MWdc, 42.5 MWdc, and 50.0 MWdc, respectively.