Greenbacker Renewable Energy Company acquires 20-MW in Washington state Solar projects

Feb. 11, 2022
The three 6.7-MWdc projects in the portfolio are the firm’s first assets in Washington. The projects are located in Camas, Penstemon, and Urtica and are expected to reach commercial operation in 2022

Greenbacker Renewable Energy Company has purchased a 20-MWdc pre-operational solar portfolio from utility-scale solar developer TUUSSO Energy through a wholly-owned subsidiary.

The three 6.7-MWdc projects in the portfolio are the firm’s first assets in Washington. The projects are located in Camas, Penstemon, and Urtica and are expected to reach commercial operation in 2022.

The projects have long-term power purchase agreements in place with an investment-grade utility off-taker.

The renewable energy produced by the projects will contribute to Washington’s goal of reaching carbon neutral electricity production by 2030 and 100% clean power by 2045. Washington has solar policies in place, including tax exemptions for solar energy equipment and a net metering incentive, to support the transition to clean energy.

“We’re thrilled to enter a new market with three projects that will deliver cheaper clean power to consumers. This expansion is the result of a successful long-term collaboration with the solar development experts at TUUSSO,” GREC CEO Charles Wheeler said. “We’ve been involved with the portfolio since the planning stage, and today we’re very pleased to include it in our fleet of renewables projects driving a clean energy future in the state of Washington.”

In September, Greenbacker acquired a pre-operational 41-MW solar project in Michigan. Early this year, the power producer bought solar develops in New England. 

About the Author

EnergyTech Staff

Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

He can be reached at [email protected]

EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.

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