Greenbacker Renewable Energy Company LLC (“GREC” or “Greenbacker”), a leading investor and manager of sustainable services and energy efficiency projects, said today that it had bought 2 utility-scale solar initiatives from Hecate Energy LLC (“Hecate”) through a fully owned subsidiary. Greenbacker’s purchases of the Hecate Energy Albany 1 LLC (“Albany 1”) as well as Hecate Energy Albany 2 LLC (“Albany 2”), all 20 MWac, demonstrate the company’s continuous expansion into New York, a state with favorable policies and recent developments that make renewable energy investment attractive.
The facilities are among Greenbacker’s largest sustainable power assets in New York, and they will play a key role in the state’s clean energy aspirations.