Greenbacker Renewable Energy brought RoxWind, a 15.3-MWDC wind farm in Roxbury, Maine, to commercial operation in November. The RoxWind project’s wind power is expected to produce nearly 50,300 MWh of annual clean energy, or enough to power approximately 4,500 homes per year. The project has also supported — and continues to provide — local clean…
Developers replace and repower California wind farm
East Bay Community Energy (EBCE) marked the commercial operation of the Scott Haggerty Wind Energy Center in Livermore, California. The wind farm is a re-powered source of clean energy for residents within its district that spans 14 cities and Alameda County. The new facility represents a $20 million investment into Alameda County through tax revenue…
Greenbacker Renewable Energy acquires 50-MW Iowa operating wind farm
Greenbacker Renewable Energy Company has, through a wholly-owned subsidiary, it purchased a 50-MW operating wind farm from RPMA Iowa Wind Development. The project, Rippey Wind Holding, is located in Greene County, Iowa and has a 25-year PPA in place with the investment-grade utility Central Iowa Power Cooperative (CIPCO). The project reached commercial operations in 2012.…
Greenbacker Renewable Energy acquires 15.3-MW Maine wind project
Greenbacker Renewable Energy announced that, through a wholly-owned subsidiary, it purchased the rights to a 15.3-MW to-be-constructed wind project, developed by Palmer Management Corporation and other parties. Located in Roxbury, Maine, the RoxWind project is contracted to sell electricity through long-term offtake agreements with four local municipal utilities. The project is expected to reach COD…
Greenbacker Renewable Energy adds 5-MW community wind project to portfolio
Greenbacker Renewable Energy announced that, through a wholly-owned subsidiary, it purchased the rights to a two-turbine 5-MW wind project, Holiday Hill, from Cornerstone Renewables. Located in Russell, Massachusetts, Holiday Hill is contracted to sell electricity through 25-year offtake agreements with three local utilities. “The Holiday Hill project is an excellent addition to Greenbacker’s wind portfolio,…
Greenbacker Renewable Energy acquires 80-MW Iowa wind portfolio
BlackRock Real Assets’ Global Renewable Power (GRP) platform has reached an agreement with Greenbacker Renewable Energy for the sale of its controlling interest in the 42.5-MW Elk and 37.5 MW Bethel operating wind energy facilities in Iowa. The transaction marks another exit for the GRP platform and is its second bilateral transaction with Greenbacker this…
Greenbacker Renewable Energy acquires 10.5-MW wind farm in Idaho
Greenbacker Renewable Energy Company LLC announced that through a wholly owned subsidiary, it purchased Fossil Gulch Wind Park for approximately $6,175,000. Fossil Gulch is a 10.5-MW wind farm located in Hagerman, Idaho that sells power directly to the local public utility, Idaho Power Company. The Fossil Gulch project has a 20-year escalating power purchase agreement…