NEW YORK, March 09, 2026 (GLOBE NEWSWIRE) -- Greenbacker, an energy transition-focused investment manager and independent power producer, today announced the successful completion of over $400 million in strategic portfolio refinancings, loan maturity extensions, and construction loan upsizing. These capital markets transactions showcase Greenbacker's financing capabilities, strong banking partnerships, and disciplined approach to optimizing capital efficiency across its renewable energy portfolio.

Greenbacker completes $188 upsize to the construction loan for the 674 MW Cider solar project, the largest in New York State.

The successful closing of the $440 million tax equity commitment unlocked additional borrowing capacity under the existing construction-to-term loan, letter of credit, and tax equity bridge loan commitment from approximately $665 million to $852 million, ensuring the sources of capital necessary to complete construction of Cider. Achieving this key financing milestone demonstrates Greenbacker's capital market capabilities, as this closing required skillful coordination across ten banks and two tax equity investors. While this tax equity financing represents the final source of funding required to fully finance the project, it follows a series of successfully completed financings and significant construction milestones already achieved to date. Cider is expected to achieve commercial operation in late 2026.

$187 million in loan maturity extensions highlight banking community confidence

Greenbacker successfully extended maturities on over $187 million of financing across 86 MW of renewable energy assets, securing substantial runway to optimize cash flows and preserve ...