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Greenbacker Acquires 6.5-Mwdc Pre-Operational Solar Project In Vermont

Jan 27, 2022almost 4 years ago

Acquiring Company

Greenbacker Renewable Energy Company

Acquired Company

6.5-MWdc

New YorkBiomass EnergySolarRenewable EnergyEnergy

Description

Greenbacker Renewable Energy Company LLC (“GREC” or “Greenbacker”), a leading owner and operator of sustainable infrastructure and energy efficiency projects, announced today that, through a wholly owned subsidiary, it has purchased a 6.5-MWdc to-be-constructed solar project from Encore Renewable Energy (“Encore”), a preeminent integrated clean energy developer in the region. The South Street solar project, located in Middlebury, is now GREC’s largest solar asset in Vermont. Once completed, 100% of the clean energy South Street produces will be allocated to Middlebury College.

Company Information

Company

Greenbacker Renewable Energy Company

Location

New York, United States

About

Greenbacker Renewable Energy Company LLC is a leading independent power producer and renewable energy asset manager. The company is committed to investing in the energy transition, with a focus on sustainable infrastructure and renewable energy project investments.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed