Greenbacker Capital said the fund has made a strategic investment in an affiliate of Clear Energy.
Headquartered in the Denver area, Clear Energy acquires existing hydropower facilities and invests in their modernisation. The company currently owns three facilities in New York and plans to use the proceeds from the Greenbacker loan to modernise those stations, as well as to acquire additional plants in the state.
The manager said the latest deal is the fourth investment for the fund, which was set up last year to provide flexible capital to small- and medium-size renewable energy infrastructure companies that are focused on developing distributed power facilities serving high-value markets across the US.
GREENBACKER CAPITAL ANNOUNCES INVESTMENT IN CLEAR ENERGY HYDRO, OWNER-OPERATOR OF HYDROELECTRIC GENERATING FACILITIES ACROSS THE STATE OF NEW YORK padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.