M&A Deal Summary

Greenbacker Renewable Energy Acquires Eagle Valley Clean Energy

On May 1, 2019, Greenbacker Renewable Energy acquired renewable energy company Eagle Valley Clean Energy

Acquisition Highlights
  • This is Greenbacker Renewable Energy’s 2nd transaction in the Renewable Energy sector.
  • This is Greenbacker Renewable Energy’s 2nd transaction in the United States.
  • This is Greenbacker Renewable Energy’s 1st transaction in Colorado.

M&A Deal Summary
Date 2019-05-01
Target Eagle Valley Clean Energy
Sector Renewable Energy
Buyer(s) Greenbacker Renewable Energy
Deal Type Add-on Acquisition

Target

Eagle Valley Clean Energy

Gypsum, Colorado, United States
Eagle Valley Clean Energy facility is a Gypsum, Colorado-based power plant which generates electricity from the combustion of waste wood. The plant sells 100% of its generated energy under a long- term contract with Holy Cross Energy, a not-for-profit Rural Electric Cooperative providing electricity to over 55,000 members.

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Buyer(S) 1

Buyer

Greenbacker Renewable Energy

New York, New York, United States
Category Company
Founded 2012
Sector Renewable Energy
DESCRIPTION

Greenbacker Renewable Energy Co. LLC engages in acquiring and financing the construction and/or operation of income-generating renewable energy, energy efficiency, and sustainable development projects primarily in North America. Its investments in alternative energy generation portfolios cover solar and wind energy projects. The company was founded in 2012 and is based in New York, New York.

DEAL STATS #
Overall 2 of 6
Sector (Renewable Energy) 2 of 6
Type (Add-on Acquisition) 2 of 3
State (Colorado) 1 of 1
Country (United States) 2 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 SunFarm

Perquimans County, North Carolina, United States

SunFarm LLC Portfolio consists of 2 solar photovoltaic systems comprising 13.9 megawatts located in Perquimans County, North Carolina. The projects will be placed in service in the fourth quarter of 2018 and sell power to an investment grade utility off-taker through a 15-year fixed price power purchase agreement.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-05 Greenbacker Renewable Energy - 27.6 MW Residential Solar Assets

New York, New York, United States

Greenbacker Renewable Energy Co. LLC - Residential Solar Assets comprises 3,668 rooftop solar assets totaling 27.6 megawatts (MW).

Sell -
Mergr

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