Home Alts News Greenbacker Renewable Energy Declares Cash Distributions

Greenbacker Renewable Energy Declares Cash Distributions

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Greenbacker Renewable Energy Company, LLC (Greenbacker), a limited liability company distributed by Strategic Capital Distributors, an RCS Capital Corporation owned company, recently declared its distributions.

The company’s board of directors authorized $0.0016438 per share, per day, on each outstanding Class A, C, and I share of common stock starting on January 1, 2015 and ending on March 31, 2015.

The cash distributions will be payable February 2, 2015 to shareholders of record as of January 30, 2015, March 2, 2015 to shareholders of record as of February 27, 2015, and April 1, 2015 to share holders of record as of March 31, 2015.

Formed in 2012, Greenbacker commenced operations in March, 2014.

A $1.5 billion offering, the company seeks to acquire and monitor a diversified portfolio of income-producing renewable energy power plants and energy efficiency projects, as well as other sustainable development investments. Greenbacker has the flexibility to invest in senior debt, subordinated debt, preferred equity, and equity.

Initially, Greenbacker intends to focus on wind and solar energy projects before broadening its investments to include hydropower assets, geothermal plants, biomass and biofuel assets, combined heat and power technology assets, fuel cell assets, and other energy efficiency assets.

Currently, the company has two separate solar power portfolios and recently committed to a new construction solar power facility project located in Vermont.