Greenbacker

CG/ CRC-IB Acts as Financial Advisor to Greenbacker on its Tax Equity Financing for 675MWDC Solar Project

Greenbacker Renewable Energy Company, LLC (“Greenbacker”), an energy transition-focused investment manager and independent power producer, has closed tax equity financing for its Cider solar project – a 675MWdc utility-scale project in Genesee County, New York. Cider is Greenbacker’s largest clean energy asset to date and is expected to be the largest solar farm in the state of New York when completed in 2026.

CRC-IB, now operating as CG/ CRC-IB following its acquisition by Canaccord Genuity, served as Greenbacker’s financial advisor on the transaction, which includes a tax capital investment from two U.S. commercial banks.