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Greenbacker Renewable Energy Company LLC Acquires $6 Million Solar Portfolio from a TerraForm Power Subsidiary

Greenbacker Renewable Energy Company LLC announced today that through a wholly-owned subsidiary the company signed a purchase and sale agreement to purchase an additional 1,252 operating residential photovoltaic solar systems, with aggregate generating capacity of 8.917 MW DC, from a subsidiary of TerraForm Power for approximately $6,000,000. The portfolio of systems, located in Arizona, California, […]

Power Finance Corporation to revamp its lending portfolio

Power sector’s key financier Power Finance Corporation (PFC) is looking to shift its focus from conventional energy to other upcoming sectors such as transmission, last-mile distribution infrastructure and renewable energy. Lagging power demand and rising non-performing assets (NPAs) in the thermal power sector has pushed it to revamp its lending portfolio. “Our funding for last-mile […]