It was an active day yesterday for two portfolio companies in the solar space: ☀️Today, Chaberton Energy broke ground on its 2.9 MW solar project in Howard County, MD. Developed by Chaberton and owned and operated by Pivot Energy, Lime Kiln, expected to be operational in 2025, will provide affordable clean energy for Maryland residents who don’t have solar panels on their properties. Check out the press release here: https://bit.ly/4dELtU6 ☀️With its latest partnership with King Energy, Sunstone Credit continues to make solar energy more accessible for businesses. Sunstone will finance a 2.8 MW solar project portfolio that will serve 60 tenants across seven retail shopping centers in California. Read more about how Sunstone is reducing the upfront costs for businesses to bring clean energy to California communities here: https://bit.ly/4dYRN8O
Greenbacker
Financial Services
New York, NY 15,293 followers
Empowering a sustainable world by connecting individuals and institutions with investments in clean energy.
About us
Greenbacker Renewable Energy Company is an independent power producer (IPP) and a leading climate-focused investment manager (IM), whose mission is to empower a sustainable world by connecting individuals and institutions with investments in clean energy. Since our founding in 2011, we’ve grown to over 180 employees in four offices—New York City, Portland, ME, Denver, CO, and Montpelier, VT—and other individual locations across the US, and have positioned ourselves as a market leader in energy transition, renewable energy, and sustainable infrastructure investments. Greenbacker’s IPP business segment acquires, owns, and operates income-producing clean energy infrastructure projects (e.g., solar energy, wind power, energy storage) in communities across the country. These assets sell power under long-term contracts to high-credit-quality counterparties, including utilities, municipalities, and corporations. As of 2023, our IPP fleet comprises over 450 projects, representing 3.4 gigawatts of total clean energy production and storage capacity. Within our IM business segment, Greenbacker Capital Management (GCM) serves as the registered investment adviser to five funds focused on green power generation and the energy transition, including private equity investment in growth-stage clean energy companies, across a wide range of sustainable infrastructure and renewables sectors. Greenbacker is committed to the full inclusion of all qualified individuals. As part of this commitment, Greenbacker will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Nicole Giangiulio ([email protected]). Please visit www.greenbackercapital.com to learn more about our company, mission, team, and portfolios.
- Website
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https://greenbackercapital.com/
External link for Greenbacker
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2011
- Specialties
- Renewable Energy Projects, Solar Energy Projects, Wind Energy Projects, Co-Generation Projects, Energy Efficiency, and Investment Management
Locations
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Primary
230 Park Ave
Suite 1560
New York, NY 10169, US
Employees at Greenbacker
Updates
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Reflecting on the second anniversary of the IRA, Greenbacker Development Opportunities Managing Director Benjamin Baker spoke with Axios to share what he’s keeping an eye on, including bonus incentives tied to investment tax credits (ITCs). As project developers, equipment installers, retailers and homeowners begin to understand who qualifies for bonus incentives, Ben adds that we should pay considerable attention to the impact on low- and moderate-income neighborhoods. "I have seen examples where a developer believes a project is in an energy community and then learns the map has changed," he said. Learn what the investment community is anticipating in the coming months:
Climate: 📣 IRA exposures
axios.com
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Greenbacker Renewable Energy Company has announced 2Q results, including year-over-year increases in revenue, operating MW, and clean power production—which topped 900,000 MWh in the quarter—as the Company placed two dozen solar assets into commercial operation and its wind repowers added to fleet performance.
Greenbacker delivers second quarter results - Greenbacker Capital
https://greenbackercapital.com
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Congrats to Chaberton Energy for being named to the Inc. Magazine 5000 list, which recognizes the fastest-growing companies in the U.S. Chaberton’s work helps communities and businesses navigate the clean energy transition and embrace solar energy. #Inc5000
🏆 Inc. Magazine has named Chaberton Energy the 𝟑𝟒𝐭𝐡 𝐟𝐚𝐬𝐭𝐞𝐬𝐭-𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐩𝐫𝐢𝐯𝐚𝐭𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐲 𝐢𝐧 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 on this year's Inc. 5000 list! We also clinched the No. 2 spot among all Maryland-based companies and No. 3 in the energy industry. Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. This recognition underscores our incredible growth trajectory: we achieved profitability in just our second year of operations, and we have seen 73x revenue growth since our founding in February 2020. As a public benefit corporation, we balance this success with doing good for the communities we serve. For all new community solar capacity we develop, Chaberton Cares provides $5,000 per megawatt in funding to nonprofit organizations local to our solar projects. We recognize that being included on the Inc. 5000 is quite an achievement. And we also know we couldn't have gotten here on our own. We owe this success and our continued growth to all the Chaberton team members, customers, and partners who helped make this possible. We are so grateful to have you on this journey with us. Now, onwards! ⛰️ Read more: https://lnkd.in/efHGqWU2 #Inc5000 #communitysolar #energytransition
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Greenbacker is proud to announce our inclusion in the 2024 Inc. Magazine. 5000 list recognizing the fastest-growing private companies in America. Greenbacker is an independent power producer and a multi-strategy investment manager, with over a decade of experience in sustainable investing across a broad spectrum of the energy transition. #inc5000 #cleanenergy
Greenbacker is a 2024 Inc. 5000 honoree
inc.com
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We are honored to announce Greenbacker Development Opportunities (GDEV) has been shortlisted by IJGlobal Awards for ESG Investor of the Year. 🏆 ESG Investor of the Year celebrates firms that aim to make the energy transition more equitable, accessible, and sustainable by investing in green infrastructure companies. Not only does the Greenbacker team continue to go beyond carbon abatement to embody impact investment across all aspects of its work, GDEV’s portfolio companies also helped to abate 441,818 metric tons of carbon in 2023. Check out some of the other firms who were honored this year:
Company Shortlist - IJGlobal ESG Awards 2024
events.ijglobal.com
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Today marks the launch of our newest portfolio company, 3V Infrastructure, which aims to accelerate widespread access to EV charging. "Greenbacker is thrilled to partner with the founders of 3V to tackle the Level 2 charging space. Working with real estate owners to deliver accessible, affordable charging to their tenants presents an extremely attractive risk-adjusted return. 3V brings an infrastructure mindset to an emerging market and, as an early mover, aims to capitalize on the long-term fundamental value of the sector." - Quinn Pasloske, Principal at Greenbacker and a member of 3V’s board of directors. Find out more about how 3V Infrastructure is building and operating Level 2 chargers in multifamily housing and hotels here: https://lnkd.in/eJs5wYKN
3V Infrastructure Launches to Expand Access to EV Charging and Accelerate Widespread Adoption of Electric Vehicles
businesswire.com
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Greenbacker reposted this
The energy transition is happening right now and accelerating at an unprecedented pace. There is a complete paradigm shift underway as shown in the charts below. At Greenbacker Real Estate, we are uniquely positioned to capitalize on this global megatrend.
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Greenbackers out of our Portland office recently participated in a volunteer time off day at the Animal Refuge League of Greater Portland. Greenbacker is proud to offer a #VTO policy that allows employees the opportunity to volunteer for local organizations such as ARLGP, which provides shelter for stray and relinquished pets, and places as many as possible into responsible and caring homes.
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