A subsidiary of Missouri-based clean energy startup Greenbacker Renewable Energy Co. LLC has acquired the rights to three North Carolina solar projects currently under construction.
Greenbacker acquired the SE Solar Portfolio from SunEnergy1 LLC. The three farms, totaling 21.8 MW, are expected to reach commercial operation early next year.
Greenbacker is working to arrange back leverage and tax equity financing. Once completed, the SE Solar Portfolio will sell all the power generation to a utility off-taker through a 15-year fixed-price PPA.
