Greenbacker buys 41-MW solar project in Michigan

Solar system. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.

September 10 (Renewables Now) - Greenbacker Renewable Energy Company LLC has acquired, through a wholly-owned subsidiary, the 41-MW Heathlands utility-scale solar project in the US state of Michigan, it was announced this week.

Greenbacker said it has bought the project from its long-time associate Prism Power Partners LLC, a renewable energy developer. The acquisition price was not disclosed.

Heathlands is part of Prism’s 53-MW portfolio dubbed 2022 Michigan. The first project in that portfolio was a 12-MW solar scheme that also sold to Greenbacker.

The solar farm will be located in Manistee County. The possibility to co-locate energy storage was incorporated into the plant design.

Construction is due to commence early next year, while commercial operations are expected in the fourth quarter of 2022.

The Heathlands project is supported with a long-term power purchase agreement (PPA) with an “investment-grade off-taker”, Greenbacker added.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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