M&A Deal Summary

Greenbacker Renewable Energy Co. Acquires SunFarm

On November 2, 2018, Greenbacker Renewable Energy Co. acquired renewable energy company SunFarm

Acquisition Highlights
  • This is Greenbacker Renewable Energy Co.’s 1st transaction in the Renewable Energy sector.
  • This is Greenbacker Renewable Energy Co.’s 1st transaction in the United States.
  • This is Greenbacker Renewable Energy Co.’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2018-11-02
Target SunFarm
Sector Renewable Energy
Buyer(s) Greenbacker Renewable Energy Co.
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Greenbacker Renewable Energy Co.

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 1 of 6
Sector: Renewable Energy M&A 1 of 6
Type: Add-on Acquisition M&A Deals 1 of 3
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 6
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 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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