MN8 to acquire Greenbacker Renewable Energy for up to $375M

Type: Acquisition · Technology: Solar, Onshore Wind, Storage · Country: United States · Capacity: 1.9 GW · Value: $375M · Announced: 2026-07-22

MN8 announced the acquisition of Greenbacker Renewable Energy in a cash‑and‑equity transaction valued at up to $375 million. The deal adds roughly 1.9 GW of operating and under‑construction renewable assets, expanding MN8’s portfolio to more than 6 GW across 33 states. Greenbacker’s assets include utility‑scale solar farms, on‑shore wind projects and battery storage facilities, extending MN8’s presence into the Midwest and Northeast. The combined platform will have about 94 % of its capacity under long‑term contracts and a funded development pipeline of approximately 9.3 GW. The transaction is positioned to meet rising enterprise power demand driven by AI workloads and rapid data‑center expansion in the United States. No advisors or lenders were disclosed in the announcement.

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