Greenbacker completes over $400 million in strategic portfolio financings for renewable energy assets

Greenbacker Capital Management secured over $400 million in strategic portfolio financings, unlocking $852 million in total available funding for its U.S. renewable energy assets. Announced on March 10, 2026, this financing directly supports the construction stage of a 674 MW solar portfolio located in the United States. A key component of the deal involved a $188 million construction loan increase specifically allocated to the 674 MW project. This capital infusion provides Greenbacker, an independent power producer, with crucial liquidity to advance its large-scale solar development pipeline. The financing structure enables Greenbacker to accelerate the energy transition by bringing significant new solar generation capacity online across the United States. KeyBanc Capital Markets, the corporate and investment banking arm of KeyCorp, provided the financing, demonstrating its engagement in capital raising for corporate clients across sectors including infrastructure. This transaction for a 674 MW solar portfolio in the United States aligns with KeyBanc's provision of financial services to infrastructure developers. Greenbacker Capital Management, a multi-strategy investment manager and independent power producer, utilizes this financing to further its objective of accelerating the energy transition through sustainable investments. The deal allows Greenbacker to expand its U.S. solar portfolio, reinforcing its position as a developer bringing new renewable capacity online. This financing for a construction-stage 674 MW solar project in the U.S. indicates continued lender confidence in large-scale renewable energy asset development.