Company acquires 11-MW solar portfolio in Maryland

Greenbacker Renewable Energy Co. announced the purchase of a 10.8-megawatt portfolio of two solar projects from Sol Systems. The Phoenix Solar Portfolio projects, located in Maryland, are expected to reach commercial operation by June 2019, the company said in a press release. Sol Systems will oversee the delivery of both projects to Greenbacker, which will be the owner and operator. “The Phoenix Solar Portfolio is an excellent addition to the company’s solar portfolio, providing long-term, investment-grade cash flows and furthering the company’s targeted expansion into net-metered and utility-scale wind and solar assets,” said Greenbacker CEO Charles Wheeler.