Greenbacker Renewable Energy acquires 22-MW Colorado solar + storage project

Greenbacker Renewable Energy purchased the rights to a 29 MWdc/22 MWac pre-operational solar project in combination with 1.3 MWac of battery storage. The project, known as Rawhide Prairie Solar, is located in Larimer County, Colorado.

The project’s energy off-taker is Platte River Power Authority. The project is expected to reach commercial operation in Q4 2020. DEPCOM Power is the EPC contractor and will provide O&M services contractually for the next seven years. This is the second battery storage acquisition and the first combination solar and storage purchase by Greenbacker.

“We’re experiencing phenomenal growth in our solar portfolio and very pleased with our growing battery storage allocation,” said Charles Wheeler, CEO of Greenbacker. “We closed the acquisition in under two months, which we were able to do by leveraging our team’s technical expertise in due diligence for an under-construction project and Greenbacker’s strong financing relationships. We look forward to working with DEPCOM’s industry-leading team to complete the build and operation of the plant.”

With the acquisition of Rawhide Prairie Solar, Greenbacker will own approximately 592.8 MW of generating capacity (including assets that are to be constructed), comprising 192.6 MW of wind facilities, 379.0 MW of utility-scale and distributed solar facilities, 12.0 MW of biomass facilities and 9.2 MW of battery storage.

News item from Greenbacker Renewable Energy

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Original Source: https://www.solarpowerworldonline.com/2020/09/greenbacker-renewable-energy-acquires-22-mw-colorado-solar-storage-project/