Greenbacker acquires three solar projects totaling 50 MWac in New York

Greenbacker Renewable Energy Company LLC announced that, through a wholly owned subsidiary, it has purchased three pre -operational, utility-scale solar projects in New York from Hecate Energy LLC. Once completed, the three projects, all of which are located in Greene county in upstate New York, would deliver 50 MWac of solar power to consumers in the tri-state area. They are projected to
generate enough solar energy to power about 9,500 houses on an average. All three projects are expected to be operational in 2023. Each comes with a long-term contract with an investment-grade offtaker that will give Greenbacker consistent long-term revenue.