Greenbacker Renewable Energy Company LLC Acquires Colorado Biomass Project

Leading Investor and Product Sponsor for Income-Generating Renewable
and Sustainable Energy Projects Purchases a 12 MW Biomass Project
located in Gypsum, Colorado

NEW YORK–(BUSINESS WIRE)–Greenbacker Renewable Energy Company LLC (“Greenbacker” or “the
Company”), a leading investor and product sponsor focusing on
income-producing renewable energy projects and other sustainable
investments, today announced the acquisition of the 12.0-Megawatt (AC)
Eagle Valley Clean Energy (“EVCE”) Biomass Project. Terms were not

The Eagle Valley Clean Energy Biomass facility is a Gypsum,
Colorado-based power plant which generates electricity from the
combustion of waste wood. The plant sells 100% of its generated energy
under a long- term contract with Holy Cross Energy, a not-for-profit
Rural Electric Cooperative providing electricity to over 55,000 members.
Additionally, the transaction definitively concludes several legal
disputes that had arisen between the plant and third parties and returns
the plant into good standing with all contract counterparties, a
critical feature of the transaction.

Commenting on the new investment, Charles Wheeler, CEO of Greenbacker,
said, “We are pleased to announce Greenbacker’s investment in the Eagle
Valley Clean Energy Plant. While this is our first Biomass Facility to
date, it is a well-established facility with a successful operating
history. We plan to continue this success by utilizing the facility’s
current Operations and Maintenance team to operate the plant, a team
which has managed the facility on a profitable basis since inception.
Eagle Valley showcases Greenbacker’s proven ability to source unique
transactions which we believe will provide compelling and predictable
returns to investors over the long term while also producing measurable
environmental impact. Besides providing renewable energy to the Western
Slope of Colorado, this facility is a piece of the U.S. Forest Service’s
initiative for the disposal of pine beetle infested wood from the local
forests helping to reduce the risk of catastrophic wildfire in the area.”

With the addition of this biomass facility, the Company now owns
approximately 366.3 MW of generating capacity (including “to be
constructed” assets) comprising 61.5 MW of Wind facilities, 292.8 MW of
commercial and residential solar facilities and 12.0 MW of Biomass

About Greenbacker Renewable Energy Company

Greenbacker Renewable Energy Company LLC is a publicly registered,
non-traded limited liability company that owns a diversified portfolio
of income-producing renewable energy power plants, energy efficiency
projects and other sustainable investments. For more information, please

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.


Joseph Kuo / Chris Clemens
Haven Tower Group
424 317 4851 or
424 317 4854

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