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

Greenbacker completed over $400 million in strategic portfolio financings, including a $188 million increase to the construction loan for the 674 MW Cider solar project in New York, expected to reach commercial operation in late 2026. The financing also included a $440 million tax equity commitment, unlocking additional borrowing capacity and increasing total available funding from approximately $665 million to $852 million. Additionally, Greenbacker refinanced about $53 million of existing debt with KeyBanc Capital Markets, consolidating three separate loan facilities across three solar portfolios with a combined generation capacity of 104 MW into a single financing structure.

Counterparts (2)

Lender

K

KeyBanc Capital Markets

company

KeyBanc Capital Markets is the corporate and investment banking arm of KeyCorp, providing M&A advisory, capital raising, and financial services to corporate clients across sectors including infrastructure, energy, and digital. It operates primarily in North America, facilitating significant transactions in renewable energy, data centers, and transmission.

Developer

Greenbacker

company · 1 deals

Greenbacker Capital Management is a multi-strategy investment manager and independent power producer focused on accelerating the energy transition through sustainable investments. They connect individuals and institutions with opportunities to put their capital to work building the infrastructure of the energy transition, with a focus on clean energy infrastructure assets.