GREC and Community Energy Complete Construction of 10 MWdc Colorado Solar Projects Portfolio

Greenbacker Renewable Energy Company LLC ("GREC") announced today that construction has been finished on a 10 MWdc portfolio comprised of five community solar nurseries in southern Colorado.

The solar projects were bought in 2019 from Community Energy ("CE"), who likewise remained on to deal with the designing, acquisition, and construction ("EPC") all through the structure cycle. Alongside an underlying EPC supplier, the portfolio likewise accompanied long haul membership concurrences with solid speculation grade offtakes, under Xcel Energy's Solar*Rewards Community ("SRC") program.

The five community solar nurseries (Alden, Monte Vista 2, Rock Creek 2, Platteville, and Alamosa Solar South) are situated in provincial regions of the state, and administration a wide scope of supporters. This incorporates a populace of pay qualified families, who get given solar credits through the task, bringing down their electric bills every month.

GREC additionally gives the chance to the portfolio's business supporters—which are all school locale, philanthropies, and districts—to save money on their influence bills, without introducing their own housetop exhibits. These business endorsers get solar credits for the energy created by a lot of the solar venture, offering them a less difficult approach to use and support clean force.

“We’re glad to have begun our relationship with CE on a project that helps highlight the need for, and benefits of, local solar gardens, while also bringing value to our investors,” said Charles Wheeler, CEO of Greenbacker. “And we look forward to working together again in the future.”

“Community Energy has been developing community solar gardens in Colorado since 2013, and is pleased to have worked with the Greenbacker team on our largest portfolio of solar gardens in the state,” said Ben Griffin, Director of EPC and Asset Management for Community Energy, Inc. “These projects will provide very real economic and environmental benefits to the wide range of subscriber customers and communities that are participating.”

About Greenbacker Renewable Energy Company

Greenbacker Renewable Energy Company LLC is a publicly reporting, non-traded limited liability energy company that acquires and manages income-generating renewable energy and energy efficiency projects, and other energy-related businesses. The projects in which we invest, such as solar and wind facilities, sell power under long-term contract to high credit worthy counterparties such as utilities, municipalities, and corporations.

About Community Energy

Community Energy has developed and financed 2,000 MW of renewable energy power projects across the country, including 1,300 MW of solar power. Community Energy combines power marketing and development expertise to build renewable generation projects economically and at scale. Headquartered in Radnor, Pennsylvania and Boulder, Colorado, the Company has been a leading renewable energy developer for more than 20 years, developing many of the first utility-scale wind and then solar projects in the United States.