Greenbacker Renewable Energy Company LLC Enters Into Tax Equity Commitment With Morgan Stanley Renewables Inc.
February 27 2020 - 9:00AM
Greenbacker Renewable Energy Company LLC (“Greenbacker”) announced
today that it completed a tax equity financing commitment with
Morgan Stanley Renewables Inc. (“Morgan Stanley”). The tax equity
financing will be placed on a diversified portfolio of solar
C&I and small-scale utility projects Greenbacker acquired in
2019, with an aggregate capacity of approximately 95 MW.
Pricing details for the agreement were not disclosed.
“The Morgan Stanley tax equity commitment provides a unique
solution to our C&I and small-scale utility construction
portfolio” stated Charles Wheeler, CEO of Greenbacker. “This
commitment marks the beginning of a long-term relationship with
Morgan Stanley, and we look forward to growing this relationship in
the future.”
"We are proud to partner with Greenbacker to continue investing
in the development of clean, renewable energy sources for various
cities, towns and communities across the U.S” stated Jorge
Iragorri, Managing Director at Morgan Stanley.
About Greenbacker Renewable Energy Company
Greenbacker Renewable Energy Company LLC is a publicly
registered, non-traded limited liability company that acquires and
manages income -generating renewable energy and energy efficiency
projects, and other energy-related businesses. The projects in
which we invest, such as solar and wind facilities, sell power
under long-term contracts to high credit worthy counterparties such
as Utilities, Municipalities, and Corporations. For more
information, please visit www.greenbackercapital.com
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in 41
countries, the Firm’s employees serve clients worldwide including
corporations, governments, institutions and individuals. For
more information about Morgan Stanley, please visit
www.morganstanley.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements are not guarantees of future performance and involve
known and unknown risks, uncertainties and other factors that may
cause the actual results to differ materially from those
anticipated at the time the forward-looking statements are made.
Although the Company believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions,
it can give no assurance that the expectations will be attained or
that any deviation will not be material. The Company undertakes no
obligation to update any forward-looking statement contained herein
to conform to actual results or changes in the Company‘s
expectations.
Contacts:Joseph Kuo/ Chris ClemensHaven Tower
Group424.317.4851 |
424.317.4854Mediarelations@greenbackercapital.com
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