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 million equipment loan facility with Encore to support safe harbor efforts ahead of the investment tax credit (ITC) phasedown scheduled for the end of the year.
The portfolio consists of 14 projects located throughout Vermont that are or will be contracted with various utilities, municipalities, universities, and other businesses through 25-year offtake agreements. The portfolio consists of projects that are either in the development process or have completed development and will commence construction in the near-term. All of the projects are expected to reach completion over the next twelve months.
Country updates
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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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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 12, 2019
ALLETE Clean Energy starts operation of 106 MW wind project in North Dakota
ALLETE Clean Energy, a wholly-owned subsidiary of ALLETE, has completed the development of its Glen Ullin Energy Center located about 40 miles west of Bismarck, North Dakota. The wind project produces...
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December 12, 2019
PPA approved for $1bn solar and storage project in USA
Quinbrook Infrastructure Partners ("Quinbrook"), a global investment manager focused exclusively on lower carbon and renewable energy infrastructure investment and operational asset management, announ...
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