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Greenbacker Renewable Energy Company Acquires ~10-MWdc Solar Portfolio in Utah

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Greenbacker Renewable Energy Company Acquires ~10-MWdc Solar Portfolio in Utah Greenbacker Renewable Energy Company LLCApril 8, 2021 GMT Three new ground-mounted subsystems expand solar fleet in the beehive state New York, NY, April 08, 2021 (GLOBE NEWSWIRE) Greenbacker Renewable Energy Company LLC (“GREC”), a leading owner and operator of sustainable infrastructure and energy efficiency projects, announced today that, through a wholly-owned subsidiary, it purchased an approximately  10 MWdc portfolio of pre-operational solar projects from ReneSola Power (NYSE: SOL). The projects have secured strong offtake with two corporate counterparties, via 20-year solar equipment leases.

ReneSola Power Closes Sale of 10 MW of Solar Projects in Utah

ReneSola Power Closes Sale of 10 MW of Solar Projects in Utah News provided by Share this article Share this article STAMFORD, Conn., April 8, 2021 /PRNewswire/ ReneSola Ltd. ( ReneSola Power or the Company ) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it closed the sale of an approximately 10 MW portfolio of solar development projects to Greenbacker Renewable Energy Company ( Greenbacker ). The sale continues a successful track record in North America. This sale will positively contribute to 1Q 2021 results and was not in the original first quarter guidance. The portfolio consists of three ground-mounted commercial distributed generation sites located in Utah. The projects are so-called behind the meter and will sell electricity directly to two off-take parties. The projects are being sold at the Notice to Proceed (NTP) stage, and Greenbacker will complete the construction and retain long-term ownership

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