Greenbacker Renewable Energy Company Announces the Opening of the Portland Maine Office and a Solar Asset Purchase

Jan 19, 2016, 13:30 ET from Greenbacker Renewable Energy Company

NEW YORK, Jan. 19, 2016 /PRNewswire/ -- Greenbacker Renewable Energy Company LLC (the "Company") announced today that it has opened an office in Portland Maine to service the expanding portfolio of alternative energy assets held by the Company throughout North America. With headquarters in New York, New York, the Company currently owns and operates approximately 38 Megawatts of solar generation assets in more than 150 locations in the United States and Canada as well as 10 Megawatts of wind power generation assets in Montana.

Coincident with the office opening, the Company is pleased to announce that Ms. Carol Lambert has joined the Company as a Vice President focusing on financial and asset management.

"We are extremely pleased to continue to expand outside of New York as well as to add new capabilities to our team," stated Charles Wheeler, CEO of Greenbacker. "We anticipate that our ongoing growth in professional staff to service and operate these assets will help maintain the Company's portfolio of high quality assets which produce steady and predictable returns for our investors."

The company also announced that it has acquired 721,828 Kilowatts of solar facilities located on 3 sites in the states of California and Massachusetts for $250,000. The off-takers in California are Santa Cruz City Schools rated Aa2 and Petaluma City Schools of Sonoma County rated A2 while WGBH Educational Foundation, with a rating of Aaa, is located in Boston, MA.

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

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. The Company undertakes no obligation to update any forward-looking statement contained herein to conform to actual results or changes in the Company's expectations.

SOURCE Greenbacker Renewable Energy Company