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Greenbacker advances strategic focus on scaled clean energy, with sale of 237 MW solar and storage portfolio to Altus Power

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NEW YORK, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Greenbacker, an energy transition-focused investment man...

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AI Summary

Greenbacker sold a 237 MW solar portfolio to Altus Power across 18 states. The transaction emphasizes Greenbacker's focus on utility-scale renewable energy projects. Greenbacker's recent sales reflect a strategy for fleet optimization and growth. Greenbacker financed $1 billion for a major 674 MW New York solar project. Greenbacker supports thousands of green jobs and builds U.S. energy supply chains.

Sentiment Rationale

The strategic sale and financing signal positive growth opportunities in renewable energy, similar to past successful transitions in this sector.

Trading Thesis

As Greenbacker establishes larger projects, it positions itself for sustained growth, akin to patterns seen in successful renewable firms.

Market-Moving

  • Greenbacker sold a 237 MW solar portfolio to Altus Power across 18 states.
  • The transaction emphasizes Greenbacker's focus on utility-scale renewable energy projects.
  • Greenbacker's recent sales reflect a strategy for fleet optimization and growth.

Key Facts

  • Greenbacker sold a 237 MW solar portfolio to Altus Power across 18 states.
  • The transaction emphasizes Greenbacker's focus on utility-scale renewable energy projects.
  • Greenbacker's recent sales reflect a strategy for fleet optimization and growth.
  • Greenbacker financed $1 billion for a major 674 MW New York solar project.
  • Greenbacker supports thousands of green jobs and builds U.S. energy supply chains.

Companies Mentioned

  • ALTUS (ALTUS)
  • NEE (NEE)
  • BE (BE)
  • CWEN (CWEN)

Corporate Developments

The strong shift to larger utility-scale projects may attract investors, enhancing AMPS's market environment.

Greenbacker Advances Strategic Focus with Sale of 237 MW Solar and Storage Portfolio

NEW YORK, Jan. 13, 2026 (GLOBE NEWSWIRE) – Greenbacker Renewable Energy Company LLC, known for its commitment to energy transition and sustainability, has announced the sale of a **237-megawatt** portfolio of solar generation and storage assets to Altus Power. This significant transaction, comprising over **100 projects** across **18 states**, highlights Greenbacker's strategic focus on optimizing its renewable energy infrastructure.

Strategic Significance of the Transaction

Dan de Boer, CEO of Greenbacker, stated, “This transaction advances Greenbacker’s strategic focus on larger, utility-scale projects that drive greater efficiency and long-term value creation, while strengthening the U.S. energy system.” He emphasized the company’s disciplined approach to portfolio management and capital deployment, all while ensuring greater impact for its shareholders and project partners.

Abhi Parmar, Chief Investment Officer at Altus Power, added, “This acquisition demonstrates Altus Power’s ability to transact at scale and deliver reliable, cost-effective power solutions nationwide.” He noted that the partnership with Greenbacker is aligned with their shared goal of delivering dependable clean energy to various communities.

Recent Portfolio Adjustments and Growth Initiatives

The sale to Altus Power follows Greenbacker’s earlier divestment of a **51 MW distributed solar portfolio** in 2025. This move reinforces its strategy to optimize its project fleet for long-term growth while selectively selling non-core assets. Additionally, the company is progressing with a **$1 billion** financing initiative to construct its largest project, a **674 MWdc** utility-scale solar farm in New York, projected to become the state's largest solar energy project by the end of 2026.

Financial Advisory and Renewable Energy Impact

KeyBanc Capital Markets Inc. served as the exclusive financial advisor to Greenbacker during this transaction. As of September 30, 2025, Greenbacker's clean energy assets have produced approximately **14 million megawatt-hours** of renewable power, resulting in the abatement of over **9 million metric tons** of carbon emissions and conserving nearly **10 billion gallons** of water.

  • Generated **14 million MWh** of renewable power
  • Abated **9 million metric tons** of carbon emissions
  • Conserved nearly **10 billion gallons** of water
  • More than **$170 million** invested in U.S. manufacturers
  • Support for thousands of green energy jobs nationwide

About Greenbacker and Altus Power

Greenbacker operates as a publicly reporting, non-traded limited liability company that focuses on acquiring and managing renewable energy assets. The company aims to acquire high-quality projects that sell clean power under long-term contracts, facilitating the transition to a sustainable energy future.

Altus Power, another key player in this acquisition, is a leading commercial-scale power company with over **1.3 GW** in solar generation assets across **30 states** and D.C. The company is committed to delivering reliable and affordable solar electricity while stabilizing costs and promoting a cleaner energy landscape.

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