{
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    "feed_url": "https://greenbackercapital.com/tag/rhode-island/feed/json/",
    "language": "en-CA",
    "title": "Rhode Island Archives - Greenbacker Capital",
    "description": "Greenbacker Capital Management is an investment management firm that focuses on alternative energy and sustainable, socially responsible investing.",
    "icon": "https://greenbackercapital.com/wp-content/uploads/2021/03/Favicon.png",
    "items": [
        {
            "id": "https://greenbackercapital.com/?p=3023",
            "url": "https://greenbackercapital.com/2021/11/greenbacker-acquires-tri-state-19-5-mwdc-operating-solar-portfolio/",
            "title": "Greenbacker acquires tri-state, 19.5 MWdc operating solar portfolio",
            "content_html": "\n<p style=\"font-size:22px\"><em>The 15-project portfolio builds out Greenbacker\u2019s New England operations and includes the company\u2019s first asset in Rhode Island</em></p>\n\n\n\n<p style=\"font-size:18px\">New York, NY, November 3, 2021 (GLOBE NEWSWIRE) \u2014 Greenbacker Renewable Energy Company LLC (\u201cGREC\u201d or \u201cGreenbacker\u201d), a leading owner and operator of sustainable infrastructure and energy efficiency projects, announced today that, through a wholly owned subsidiary, it has purchased a 15-project solar portfolio from NextSun Energy (\u201cNextSun\u201d). The NextSun operating portfolio, which totals 19.5 MWdc of clean power\u2013generating capacity, expands Greenbacker\u2019s footprint in New England and includes the company\u2019s first asset in Rhode Island (North Smithfield, 1.1 MWdc).</p>\n\n\n\n<p style=\"font-size:18px\">The power-generating capacity of the portfolio\u2019s component projects ranges from 0.6 MWdc to 5.0 MWdc. The projects all reached commercial operations between the fourth quarter of 2013 and the first quarter of 2017, and all come with long-term power purchase agreements already in place with utilities, municipalities, and businesses.</p>\n\n\n\n<p style=\"font-size:18px\">\u201cAs Greenbacker\u2019s clean energy contributions to New England\u2019s power generation landscape continue to grow, we\u2019re particularly excited to announce our first renewable energy asset in Rhode Island,\u201d said Charles Wheeler, CEO of GREC. \u201cThis portfolio also represents a successful collaboration with the solar development experts at NextSun Energy, with whom we look forward to partnering again in the future.\u201d</p>\n\n\n\n<p style=\"font-size:18px\">\u201cWith the recent sale of our operating portfolio to GREC, we now have the ability to focus all of our bandwidth directly on developing future solar and battery energy storage systems,\u201d said Jake Laskin, President of NextSun. \u201cWe couldn\u2019t be happier with the partnership we have created with the folks at GREC and certainly look forward to working together again.\u201d</p>\n\n\n\n<p style=\"font-size:18px\">Including the acquisition of these projects, Greenbacker\u2019s fleet of sustainable infrastructure projects comprises approximately 2.2 GW of generating capacity (including assets that are to be constructed). Since 2016, Greenbacker\u2019s real assets have generated 3.0 million megawatt-hours<sup>1</sup>&nbsp;of clean energy, abating 2.1 million metric tons of carbon.<sup>2</sup>&nbsp;Today these projects support 2,700 green jobs.<sup>3</sup></p>\n\n\n\n<p style=\"font-size:12px\"><sup>1</sup>&nbsp;Data is as of June 30, 2021.</p>\n\n\n\n<p style=\"font-size:12px\"><sup>2</sup>&nbsp;Carbon abatement is calculated using the&nbsp;<a href=\"https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator\">EPA Greenhouse Gas Equivalencies Calculator</a>&nbsp;which uses the AVoided Emissions and geneRation Tool (AVERT) US national weighted average CO2&nbsp;marginal emission rate to convert reductions of kilowatt-hours into avoided units of carbon dioxide emissions. Data is as of June 30, 2021.</p>\n\n\n\n<p style=\"font-size:12px\"><sup>3</sup>&nbsp;Green jobs are calculated from the&nbsp;<a href=\"https://irena.org/Statistics/View-Data-by-Topic/Benefits/Employment-Time-Series\">International Renewable Energy Agency</a>\u2018s measurement that one megawatt of renewable power supports 3.8 jobs. Data is as of June 30, 2021.</p>\n<p>The post <a rel=\"nofollow\" href=\"https://greenbackercapital.com/2021/11/greenbacker-acquires-tri-state-19-5-mwdc-operating-solar-portfolio/\">Greenbacker acquires tri-state, 19.5 MWdc operating solar portfolio</a> appeared first on <a rel=\"nofollow\" href=\"https://greenbackercapital.com\">Greenbacker Capital</a>.</p>\n",
            "content_text": "The 15-project portfolio builds out Greenbacker\u2019s New England operations and includes the company\u2019s first asset in Rhode Island\n\n\n\nNew York, NY, November 3, 2021 (GLOBE NEWSWIRE) \u2014 Greenbacker Renewable Energy Company LLC (\u201cGREC\u201d or \u201cGreenbacker\u201d), a leading owner and operator of sustainable infrastructure and energy efficiency projects, announced today that, through a wholly owned subsidiary, it has purchased a 15-project solar portfolio from NextSun Energy (\u201cNextSun\u201d). The NextSun operating portfolio, which totals 19.5 MWdc of clean power\u2013generating capacity, expands Greenbacker\u2019s footprint in New England and includes the company\u2019s first asset in Rhode Island (North Smithfield, 1.1 MWdc).\n\n\n\nThe power-generating capacity of the portfolio\u2019s component projects ranges from 0.6 MWdc to 5.0 MWdc. The projects all reached commercial operations between the fourth quarter of 2013 and the first quarter of 2017, and all come with long-term power purchase agreements already in place with utilities, municipalities, and businesses.\n\n\n\n\u201cAs Greenbacker\u2019s clean energy contributions to New England\u2019s power generation landscape continue to grow, we\u2019re particularly excited to announce our first renewable energy asset in Rhode Island,\u201d said Charles Wheeler, CEO of GREC. \u201cThis portfolio also represents a successful collaboration with the solar development experts at NextSun Energy, with whom we look forward to partnering again in the future.\u201d\n\n\n\n\u201cWith the recent sale of our operating portfolio to GREC, we now have the ability to focus all of our bandwidth directly on developing future solar and battery energy storage systems,\u201d said Jake Laskin, President of NextSun. \u201cWe couldn\u2019t be happier with the partnership we have created with the folks at GREC and certainly look forward to working together again.\u201d\n\n\n\nIncluding the acquisition of these projects, Greenbacker\u2019s fleet of sustainable infrastructure projects comprises approximately 2.2 GW of generating capacity (including assets that are to be constructed). Since 2016, Greenbacker\u2019s real assets have generated 3.0 million megawatt-hours1&nbsp;of clean energy, abating 2.1 million metric tons of carbon.2&nbsp;Today these projects support 2,700 green jobs.3\n\n\n\n1&nbsp;Data is as of June 30, 2021.\n\n\n\n2&nbsp;Carbon abatement is calculated using the&nbsp;EPA Greenhouse Gas Equivalencies Calculator&nbsp;which uses the AVoided Emissions and geneRation Tool (AVERT) US national weighted average CO2&nbsp;marginal emission rate to convert reductions of kilowatt-hours into avoided units of carbon dioxide emissions. Data is as of June 30, 2021.\n\n\n\n3&nbsp;Green jobs are calculated from the&nbsp;International Renewable Energy Agency\u2018s measurement that one megawatt of renewable power supports 3.8 jobs. Data is as of June 30, 2021.\nThe post Greenbacker acquires tri-state, 19.5 MWdc operating solar portfolio appeared first on Greenbacker Capital.",
            "date_published": "2021-11-03T19:02:14+00:00",
            "date_modified": "2022-05-12T15:43:52+00:00",
            "authors": [
                {
                    "name": "GCM",
                    "url": "https://greenbackercapital.com/author/chris-larsongreenbackercapital-com/",
                    "avatar": "https://secure.gravatar.com/avatar/4c3ca5eedec27f29c7289294aef1d410?s=512&d=mm&r=g"
                }
            ],
            "author": {
                "name": "GCM",
                "url": "https://greenbackercapital.com/author/chris-larsongreenbackercapital-com/",
                "avatar": "https://secure.gravatar.com/avatar/4c3ca5eedec27f29c7289294aef1d410?s=512&d=mm&r=g"
            },
            "tags": [
                "Massachusetts",
                "Vermont",
                "Rhode Island",
                "GREC",
                "Press"
            ],
            "summary": "The 15-project NextSun operating portfolio expands Greenbacker\u2019s presence within New England's power generation landscape and includes the company\u2019s first asset in Rhode Island."
        }
    ]
}