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Greenbacker fund commissions 3.1-MW solar farm in Maryland

Solar panels in USA. Author: Pete Jelliffe. License: Creative Commons. Attribution-NoDerivs 2.0 Generic.

January 23 (Renewables Now) - Greenbacker Renewable Opportunity Zone Fund LLC on Wednesday said its first solar park, with a capacity of 3.1 MW, started operation on January 14 in Maryland.

The solar facility, which marks the beginning of the fund’s operations, is located in a qualified opportunity zone that has been vacant for the past 30 years in Capitol Heights. The solar farm will sell the power it produces to WGH Holdings, a utility serving the greater Washington DC area. 

The solar array will produce enough power to supply 333 homes and is expected to bring about USD 1.4 million (EUR 1.55m) in total tax revenue to the county over its lifespan, according to the statement. 

Greenbacker has a portfolio consisting of solar and wind power projects.

(USD 1.0 = EUR 1.108)

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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