Power

Greenbacker Renewable acquires an 11MW solar project in Minnesota

Greenbacker Renewable

Greenbacker Renewable Energy, a sustainable infrastructure company, announced this Tuesday it acquired an 11,3-megawatts-dc solar project in Minnesota, further strengthening its operations in the state.

Firstly, Greenbacker Renewable acquired the asset from OneEnergy Renewables. Fillinona is the name of the project, located in four separate sites across the state. The whole project will include land management features; which illustrate the company’s holistic approach to the contribution to a healthy local biosphere.

Two of the sites, Stockton and Fountain, will feature pollinator-friendly vegetation planted beneath the solar panel arrays to help support declining pollinator populations; while the other two sites, Hazel (near Lanesboro) and Rushford Village, will provide grazing for nearby farmer’s sheep.

Moreover, as the project locates in local farm families, the acquisition and operations of the solar project will generate steady income to the landowners over the project’s life. Two of the sites also have agreements to sell renewable energy credits to Stonyfield Organic, the country’s leading organic yogurt manufacturer. In fact, Stonyfield Organic commits to running its dairy supply chain with 100% renewable electricity by 2025.

Furthermore, the four sites of the Fillinona project have a long-term power purchase agreement with MiEnergy, a rural electric cooperative whose consumers will soon start receiving locally generated clean energy from the project.

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Greenbacker Renewable increasing its renewable energy footprint

On the other hand, the project will reach commercial operation around 4Q, 2021. It will produce clean power for Fillmore and Winona counties in southeastern Minnesota. The acquisition also represents Greenbacker’s most significant direct partnership with OneEnergy Renewables.

About the matter, Charles Wheeler, Greenbacker’s CEO, said. “Working on this project with OneEnergy and Stonyfield, two firms focused on healthy people, and a healthy planet has been a natural fit.”

He also remarked. “Environmental health is a top priority for us; one that goes hand in hand with being responsible custodians of the land our projects occupy.”

Finally, Greenbacker’s fleet of sustainable infrastructure projects comprises approximately 2.2 GW of generating capacity. This includes the Fillinona project and other assets under construction.

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