Greenbacker purchases biomass project in Gypsum, Colorado

Greenbacker Renewable Energy Company LLC (“Greenbacker”) announced the acquisition of the 12-megawatt Eagle Valley Clean Energy (“EVCE”) biomass project. Terms were not disclosed.

The Eagle Valley Clean Energy biomass facility is a Gypsum, Colorado-based power plant which generates electricity from the combustion of waste wood. The plant sells 100% of its generated energy under a long- term contract with Holy Cross Energy, a not-for-profit Rural Electric Cooperative providing electricity to over 55,000 members.

Additionally, the transaction definitively concludes several legal disputes that had arisen between the plant and third parties and returns the plant into good standing with all contract counterparties, a critical feature of the transaction.

Greenbacker Renewable Energy Company LLC is a publicly registered, non-traded limited liability company that owns a diversified portfolio of income-producing renewable energy power plants, energy efficiency projects and other sustainable investments.