Greenbacker Renewable registers $1 billion of stock for public sale

By Devika Patel

Knoxville, Tenn., Dec. 8 – Greenbacker Renewable Energy Co. LLC. will sell common shares in a public offering, according to a Form S-1/A filed Thursday with the Securities and Exchange Commission. The company has registered up to $1 billion of stock for the deal, which was announced on May 24.

Proceeds will be used to acquire income-generating renewable energy and energy efficiency and sustainable development projects and other energy-related businesses and for construction and operation of these projects and businesses and for working capital and general corporate purposes.

Based in New York, Greenbacker expects to acquire a diversified portfolio of income-producing renewable energy power plants, energy efficiency projects and other sustainable investments.

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