Greenbacker Renewable Energy Co LLC
Filing Date: 2024-08-12
TL;DR
- 🌞 Renewable Focus: Greenbacker operates 425 renewable energy projects with a total capacity of 3.2 GW.
- 📉 Financial Struggles: Reported a net loss of $56.3 million for the first half of 2024.
- 🌍 Market Expansion: Strong focus on expanding in emerging markets and increasing capacity.
- 🌿 Sustainability Goals: Committed to renewable energy and sustainable development.
Major Announcements
In 2024, Greenbacker announced the suspension of shareholder distributions and the distribution reinvestment plan. They also suspended the share repurchase program, except for repurchase requests related to the death, disability, or incompetence of a shareholder.