Greenbacker Renewable Energy Co. has purchased three solar projects in southwestern Colorado from OneEnergy Renewables totaling 12 MWdc. The acquisition comprises the Rocky Ford (2.6 MWdc), Totten (2.8 MWdc) and Montezuma (6.5 MWdc) solar facilities, which are all slated to enter into commercial operation in mid-2023.
Greenbacker currently owns several dozen solar energy projects, including one solar-plus-storage asset, in Colorado, representing more than 115 MWdc of solar energy projects, of which over 100 MWdc are operational.
The projects are part of Greenbacker’s second portfolio-level acquisition with OneEnergy, a deal that also includes solar energy assets in Wisconsin, Maryland, and Iowa. Each project has a long-term power purchase agreement in place with high-credit-quality utility co-op offtakers.
OneEnergy will continue to be involved with these three projects as the engineering, procurement and construction services provider.
Recommended Reading
First Solar’s 14 GW of Operational Capacity to Support 30,000 Jobs by 2026
2024-02-26 - First Solar commissioned a study to analyze the economic impact of its vertically integrated solar manufacturing value chain.
SunPower Begins Search for New CEO
2024-02-27 - Former CEO Peter Faricy departed SunPower Corp. on Feb. 26, according to the company.
M4E Lithium Closes Funding for Brazilian Lithium Exploration
2024-03-15 - M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.
Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition
2024-04-05 - Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.
GE Vernova Completes Spin-Off from GE
2024-04-04 - GE Vernova, an energy transition company, began trading as an independent company on the New York Stock Exchange this week.