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Greenbacker Capital

  • Revenue$32.6 MFY, 2021

OverviewSuggest Edit

Greenbacker Capital is a renewable energy company that funds solar, wind, co-generation, and other alternative energy projects.
TypePrivate
Founded2010
HQPortland, ME, USMap
Websitegreenbackercapital.com
Employee Ratings5

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Latest Updates

Employees (est.) (Jul 2022)167(+2%)
Revenue (FY, 2021)$32.6 M(+34%)
Cybersecurity ratingAMore
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Key People/Management at Greenbacker Capital

Richard Butt

Richard Butt

Chief Financial Officer, Executive Committee
Michael Cunningham

Michael Cunningham

Vice President, Technical Accounting
Paul del Mar

Paul del Mar

Director, Special Projects
Spencer Mash

Spencer Mash

Executive Vice President, Structured Finance and Executive Committee
Jeff Denovan

Jeff Denovan

Vice President, Construction
Bailey Plummer

Bailey Plummer

Vice President, Investments
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Greenbacker Capital Office Locations

Greenbacker Capital has offices in Portland, Denver, Kansas City, Montpelier and in 1 other location
Portland, ME, US (HQ)
30 Danforth St #206
Denver, CO, US
1001 Bannock St
Kansas City, MO, US
430 W 7th St, Kansas City
Kansas City, MO, US
Kansas City
Montpelier, VT, US
64 Main St
New York, NY, US
230 Park Ave #1560
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Greenbacker Capital Financials and Metrics

Summary Metrics

Founding Date

2010
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Greenbacker Capital Revenue

Greenbacker Capital's revenue was reported to be $32.55 m in FY, 2021
USD

Revenue (Q1, 2022)

13.3m

Net income (Q1, 2022)

20.8m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Revenue

38.3k1.9m8.2m13.4m19.5m18.8m24.4m32.6m

Cost of goods sold

2.4m

Gross profit

17.1m

Gross profit Margin, %

88%
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

58.2k633.6k740.8k656.6k1.6m3.1m2.4m2.9m3.7m4.9m5.0m5.1m2.6m4.9m6.7m5.9m5.6m6.2m10.7m7.6m13.3m

General and administrative expense

30.7k64.2k39.7k93.1k95.0k94.6k175.9k68.0k73.0k82.6k85.1k86.1k97.2k112.0k180.5k66.0k67.3k174.0k165.5k142.5k204.1k

Operating expense total

30.7k64.2k39.7k93.1k95.0k94.6k175.9k68.0k73.0k82.6k85.1k86.1k97.2k112.0k180.5k66.0k67.3k174.0k

Interest expense

196.3k124.9k185.7k221.2k652.0k547.0k179.4k842.0k1.0m1.2m729.7k776.5k722.6k737.9k666.0k720.5k
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Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2021

Cash

202.0k7.6m5.9m10.1m39.1m8.6m

Prepaid Expenses

1.2k77.5k74.2k201.1k

Total Assets

202.0k10.8m58.3m233.5m353.9m509.5m

Accounts Payable

237.5k351.5k10.1b400.1k727.2k419.2k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q2, 2021Q3, 2021Q1, 2022

Cash

202.0k107.6k3.0m860.7k8.2m9.8m20.8m12.4m16.0m12.8m10.1m13.0m9.5m15.5m66.7m35.4m18.6m14.8m20.3m19.5m

Prepaid Expenses

25.9k19.1k10.7k8.9k20.1k63.3k37.7k18.6k166.9k138.0k30.0k86.8k163.3k187.4k179.7k87.9k498.2k

Total Assets

202.0k202.0k2.8m4.7m15.9m25.7m39.8m80.2m100.9m129.6m149.9m173.4m196.8m253.5m295.5m331.6m395.2m448.5m486.9m534.1m569.2m

Accounts Payable

93.5k207.4k199.1k222.1k252.3k298.5k364.7k486.4k504.5k448.3k449.4k474.2k544.6k802.8k831.7k769.9k1.4m893.1k546.7k
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Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income

43.0m

Accounts Payable

237.4k114.0k95.8k(23.5k)327.0k(307.9k)162.4k1.7m

Cash From Operating Activities

(2.7m)(47.1m)(61.2m)(73.7m)(91.5m)(139.2m)(104.7m)(731.5m)

Short-term Borrowings

(10.1m)(6.3m)(13.7m)(14.3m)(16.6m)(8.0m)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

20.8m

Accounts Payable

93.5k207.4k(38.4k)(15.5k)14.7k(29.3k)36.9k158.6k80.8k24.7k25.7k74.1k144.4k402.7k104.5k42.8k670.9k473.9k127.5k503.0k543.8k893.1k4.3m

Cash From Operating Activities

(3.1m)(934.0k)(11.9m)(14.1m)(25.7m)(5.4m)(30.3m)(53.1m)(14.3m)(32.7m)(54.5m)(30.8m)(60.9m)(42.0m)(37.5m)(96.9m)(119.0m)5.9m(20.0m)(439.9m)(460.1m)(658.5m)(146.2m)

Short-term Borrowings

(5.9m)(6.1m)(13.7m)(13.7m)(13.7m)(1.2m)(8.9m)(13.7m)(1.2m)(4.1m)(7.0m)(1.3m)
show all
Show all financial metrics

Greenbacker Capital Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

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Greenbacker Capital Online and Social Media Presence

Greenbacker Capital's Trends

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Greenbacker Capital News and Updates

October 07, 2021

Greenbacker Capital names Mehul Mehta as Chief Investment Officer

Leader in deal origination is promoted for contributions to firm’s five-year growth Leader in deal origination is promoted for contributions to firm’s five-year growth
July 29, 2021

Greenbacker Capital Announces Investment in Commonwealth Energy Partners

Greenbacker’s Strategic Investment Will Support a 1-Gigawatt Pipeline of Solar and Storage Projects in the Commonwealth of Virginia Greenbacker’s Strategic Investment Will Support a 1-Gigawatt Pipeline of Solar and Storage Projects in the Commonwealth of Virginia
July 27, 2021

Community Blade Signing Marks Final Phase of Construction for RoxWind, a Greenbacker Renewable Energy Company Project

Maine wind farm is dedicated to local renewable energy proponent and political figure, John G. Richardson, Jr. Maine wind farm is dedicated to local renewable energy proponent and political figure, John G. Richardson, Jr.
June 24, 2021

Greenbacker Renewable Energy Company Acquires 57.5 MW Wind Farm in San Francisco Bay Area

New York, NY, June 24, 2021 (GLOBE NEWSWIRE) -- Greenbacker Renewable Energy Company LLC (GREC), a leading owner and operator of sustainable infrastructure and energy efficiency projects, announced today that, through a wholly owned subsidiary, it purchased the Altamont Winds Project from funds m…
May 25, 2021

Greenbacker, rPlus Energies and Sundt Construction Break Ground on Major New Solar Project in Carbon County, Utah

New York, NY, May 25, 2021 (GLOBE NEWSWIRE) -- Greenbacker Renewable Energy Company (Greenbacker), a leading owner and operator of sustainable infrastructure and energy efficiency projects, announced today that rPlus Energies, a Utah-based developer of modern power plants, recently broke ground on…
May 21, 2021

Greenbacker Delivers Annual Results, Highlighting First-Quarter Expansions and New Investment

New York, NY, May 21, 2021 (GLOBE NEWSWIRE) -- Greenbacker Renewable Energy Company LLC (“Greenbacker” or the “Company”) a leading investment vehicle holding sustainable infrastructure investments for registered investment adviser firms, wirehouses, independent broker-dealers, family offices, and …
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Greenbacker Capital Blogs

July 25, 2022

Battery storage can offer stable return streams

Battery storage developers, and project owners like Greenbacker, are able to capitalize on multiple revenue models—as well as several incentive programs—to maximize returns. This applies to energy storage projects that act in concert with renewable generation or on their own to help stabilize the gr…
June 27, 2022

With agrivoltaics, solar sites harvest more than just clean energy

The best land to harvest crops is also the best place to harness solar power. With agrivoltaics, a site can be used for both, providing benefits for both endeavors while driving a more sustainable future. The post With agrivoltaics, solar sites harvest more than just clean energy appeared first on G…
June 15, 2022

Pausing tariffs is good news for US solar

David Sher, President of Greenbacker Capital, shares his thoughts on the Biden administration’s solar tariff moratorium, why the US has fallen behind in solar panel manufacturing, and how the country can decrease its vulnerability to solar supply chain disruptions and meet the climate crisis with ca…
May 25, 2022

rPlus Energies, Greenbacker Renewable Energy Company & Sundt Renewables Commit $75,000 to Carbon County, UT Students in Pilot ‘Local First Scholarship’

The inaugural scholarship supports local workforce needs by providing tuition to students who pursue a certificate or degree from Utah State University Eastern and plan to work in the Carbon County area after graduation. The post rPlus Energies, Greenbacker Renewable Energy Company & Sundt Rene…
May 23, 2022

Greenbacker Renewable Energy Company LLC announces completion of management acquisition

Greenbacker Renewable Energy Company LLC ("GREC") today announced that it has successfully completed the acquisition of the management function currently being performed by Greenbacker Capital Management, LLC, an SEC registered investment adviser, and certain affiliated companies into GREC’s wholly …
March 31, 2022

Greenbacker delivers annual results

Greenbacker has announced record growth in 2021, raising almost $1 billion in new investor capital and delivering substantial expansion across fleet size, production, revenue, capital deployed, and portfolio value. The post Greenbacker delivers annual results appeared first on Greenbacker Capital.
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 Greenbacker Capital Frequently Asked Questions

  • When was Greenbacker Capital founded?

    Greenbacker Capital was founded in 2010.

  • Who are Greenbacker Capital key executives?

    Greenbacker Capital's key executives are Richard Butt, Michael Cunningham and Paul del Mar.

  • How many employees does Greenbacker Capital have?

    Greenbacker Capital has 167 employees.

  • What is Greenbacker Capital revenue?

    Latest Greenbacker Capital annual revenue is $32.6 m.

  • What is Greenbacker Capital revenue per employee?

    Latest Greenbacker Capital revenue per employee is $194.9 k.

  • Who are Greenbacker Capital competitors?

    Competitors of Greenbacker Capital include Sunlight Financial, NEOSUN and Enyo Renewable Energy.

  • Where is Greenbacker Capital headquarters?

    Greenbacker Capital headquarters is located at 30 Danforth St #206, Portland.

  • Where are Greenbacker Capital offices?

    Greenbacker Capital has offices in Portland, Denver, Kansas City, Montpelier and in 1 other location.

  • How many offices does Greenbacker Capital have?

    Greenbacker Capital has 6 offices.