Greenbacker Sells 51 MW Distributed Solar Portfolio To Advance Strategic Focus On Larger-Scale Clean Energy Projects

Greenbacker, an energy transition-focused investment manager and independent power producer, has announced the sale of a 51.2 MW portfolio consisting of 64 operating solar assets to CleanCapital, an independent power producer that specializes in distributed clean energy. The transaction is in line with Greenbacker’s broader strategy to enhance the long-term growth of its portfolio by selectively selling non-core assets and concentrating on the development of larger-scale clean energy projects. The sale is also intended to improve operational efficiency, enabling the company to reallocate resources toward the construction of higher-impact projects within its pre-operating portfolio.

This development follows Greenbacker’s recent achievement of securing nearly $1 billion in financing for its largest project to date—the 674 MWdc utility-scale Cider solar farm in New York. Scheduled for completion in 2026, the project is expected to become the largest solar energy installation in the state, generating over one million MWh of clean electricity in its first year of operation.

Dan de Boer, Interim CEO of Greenbacker, said in a statement, “As Greenbacker continues to scale, we are optimizing our portfolio to focus on higher-capacity clean energy projects that deliver greater impact and efficiencies across our fleet. This sale reflects our approach to portfolio management and our commitment to accelerating the energy transition through investments that strengthen the U.S. energy system. We’re pleased to partner on this transaction with CleanCapital—an experienced partner that shares our focus on delivering reliable, clean power to communities across the country.”

Jon Powers, President of CleanCapital, mentioned, “As energy demand across the country surges, distributed generation (DG) solar continues to be a critical resource providing affordable, resilient, and emissions-free energy to local businesses and communities. The acquisition of these assets from a trusted counterparty like Greenbacker reflects CleanCapital’s commitment to and specialization in DG-scale solar and energy storage projects, and we look forward to continuing to grow our portfolio through both operating and development-stage asset acquisitions.”

At present, Greenbacker’s clean energy portfolio represents approximately 2.9 gigawatts of generation and storage capacity across 30 states, territories, provinces, and Washington, D.C. As of June 30, 2025, the company’s assets had collectively produced more than 13 million MWh of electricity, preventing the emission of over 8 million metric tons of carbon and conserving more than 9 billion gallons of water.

Over the course of its operations, Greenbacker has directed more than $170 million in spending toward U.S.-based manufacturers and suppliers, reinforcing domestic supply chains and supporting American industry. The company’s operating and pre-operating projects currently sustain, or are expected to sustain, thousands of jobs in the green energy sector.