Uncategorized Archives - Greenbacker Capital https://greenbackercapital.com/category/uncategorized/ Greenbacker Capital Management is an investment management firm that focuses on alternative energy and sustainable, socially responsible investing. Tue, 16 May 2023 13:05:05 +0000 en-CA hourly 1 https://wordpress.org/?v=6.2.2 https://greenbackercapital.com/wp-content/uploads/2021/03/Favicon.png Uncategorized Archives - Greenbacker Capital https://greenbackercapital.com/category/uncategorized/ 32 32 Greenbacker – Invest4Impact Replay 2023 https://youtu.be/dTFZxXLRPbs#new_tab?utm_source=rss&utm_medium=rss&utm_campaign=greenbacker-invest4impact-replay-2023 Fri, 05 May 2023 18:13:50 +0000 https://greenbackercapital.com/?p=4597 Greenbacker was excited to join RIA Channel's line-up for their Invest4Impact Symposium. During this 30-minute session, our thought leaders discussed current trends in green energy finance, the impact of the IRA, and how we navigate the renewables investment environment. You'll also learn about Greenbacker's innovative approach to environmental sustainability and land management solutions across our sites.

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We were excited to join RIA Channel's line-up for their Invest4Impact Symposium. During this 30 minute session, our thought leaders discussed the current trends in green energy finance, the impact of the IRA, and how we navigate the renewables environment. You'll also learn about Greenbacker's innovative approach to environmental sustainability and land management solutions across our sites.

The post Greenbacker – Invest4Impact Replay 2023 appeared first on Greenbacker Capital.

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Greenbacker, rPlus Energies and Sundt Construction break ground on major new solar project in Carbon County, Utah https://greenbackercapital.com/2021/05/greenbacker-rplus-energies-and-sundt-construction-break-ground-on-major-new-solar-project-in-carbon-county-utah/?utm_source=rss&utm_medium=rss&utm_campaign=greenbacker-rplus-energies-and-sundt-construction-break-ground-on-major-new-solar-project-in-carbon-county-utah Tue, 25 May 2021 19:41:00 +0000 https://greenbackercapital.com/?p=2693 104 Megawatt (dc) / 80 Megawatt (ac) Graphite Solar Plant…

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104 Megawatt (dc) / 80 Megawatt (ac) Graphite Solar Plant to power Facebook’s Eagle Mountain Data Center

New York, NY, May 25, 2021 (Globe Newswire) – Greenbacker Renewable Energy Company (Greenbacker), a leading owner and operator of sustainable infrastructure and energy efficiency projects, announced today that rPlus Energies, a Utah-based developer of modern power plants, recently broke ground on Graphite Solar I, a 104 Megawatt (dc) / 80 Megawatt (ac) utility-scale solar project owned by Greenbacker in Carbon County, Utah. The project will be one of the largest solar plants in Greenbacker’s nationwide portfolio of renewable energy projects and will contribute renewable power to Facebook’s new data center in Eagle Mountain, Utah.

The Graphite Solar project demonstrates Greenbacker’s continued growth as a key investor in and driver of significant renewable energy infrastructure projects supplying power to municipalities, major companies including Apple and Facebook and many other entities across the country. The groundbreaking follows Greenbacker’s announcement in March that it has completed construction of the Turquoise Solar Project, a 61 megawatt solar farm in Washoe County, Nevada, that supplies renewable energy to Apple’s data center in the Reno Technology Park.

Photo Credit – Carolina Lindsay
Pictured (left to right): Tom Dodson, Sundt Renewables President; Cliff Smith, rPlus Energies COO; Christian Gardner, rPlus Energies Chairman and Gardner Company President and CEO; Clint Sundt, Sundt Construction President; Carbon County Commissioner Tony Martines; Ben Tillar, Greenbacker Vice President of Investment; Luigi Resta, rPlus Energies President; and Carbon County Commissioner Larry Jensen

The Graphite Solar project has a long-term power purchase agreement (PPA) in place with the investment-grade utility PacifiCorp on behalf of Facebook. The contract was developed under Rocky Mountain Power’s Schedule 34 green energy tariff, which allows large customers to purchase renewable energy generated on their behalf.

The project supports Facebook’s goal of 100 percent renewable energy for its operations and is expected to reach commercial operations in the fourth quarter of 2021.

“Large projects like Graphite will increasingly be necessary to meet the electricity needs of the technology economy and provide carbon neutral alternatives to traditional power sources,” said Charles Wheeler, CEO of Greenbacker. “We’re thrilled to play a role in the ongoing positive impact that this sustainable infrastructure project will have on boosting local employment, supporting regional economies, and creating more reliable power grids.”

Graphite is being built in Wellington, Utah, a town with several coal mines, a recently retired coal plant, and a long history of generating power for the area. With the construction of this solar facility, the community further diversifies its contributions to the local energy infrastructure and catalyzes the region’s economic development.

The rPlus Energies team was joined for the groundbreaking by Greenbacker and by Sundt Construction, which will serve as the engineering, procurement and construction (EPC) lead for the project.

Photo Credit – Carolina Lindsay
Construction begins for 104 MWdc /80 MWac solar facility in Carbon County, Utah

“rPlus Energies is proud to work with Carbon County, as it continues its legacy in energy development–with Graphite Solar capturing the benefits of solar power in the region for years to come,” said Luigi Resta, CEO, rPlus Energies. “We look forward to continuing to work with the Carbon County community through project construction, with a focus on energizing the economy and local hiring.”

“It has been great to see the Graphite Solar project bringing the community together,” said Carbon County Commissioner, Tony Martines, during the groundbreaking ceremony. “With several local companies playing a large part in this endeavor, the project has provided new job opportunities and allowed our community to see energy in a new light.”

Greenbacker Renewable Energy Company LLC purchased the pre-operational solar project from rPlus Energies LLC in December 2020 and contracted rPlus to continue to develop the project through construction. rPlus Energies has engaged Utah’s Sundt Renewables and Sundt Construction to provide engineering, procurement and construction support for the project, which will include the installation of more than a quarter million solar panels.

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