Greenbacker snaps up two Colorado airport solar projects

Solar PV system at Denver International Airport (DIA). Image source: US Department of Energy (www.energy.gov).

October 5 (Renewables Now) - Greenbacker Renewable Energy Company LLC said on Monday that it has acquired, through a wholly-owned subsidiary, two pre-operational solar projects at Colorado's Denver International Airport with a total capacity of 18.4 MW in direct current (DC).

Greenbacker is acquiring the projects, DIA 7 and DIA 8, from Oak Leaf Energy Partners for an undisclosed amount. The assets have individual capacities of 12.4 MW DC and 6 MW DC, respectively. Both solar arrays have existing long-term power purchase agreements (PPAs) with the airport.

The deal brings to 2.18 GW the generating capacity of Greenbacker's portfolio. That comprises 1.82 GW of utility-scale and distributed solar facilities, about 330 MW of wind parks, 16 MW of battery storage and 12 MW of biomass plants.

Construction work began on DIA 7 in the first quarter of 2021, with the project scheduled to go live in the first quarter of 2022. DIA 8 is expected to start being built in the first quarter of 2022, with commercial operation slated for the third quarter of the same year.

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