Owns and operates renewable energy projects that sell electricity and related environmental attributes to utilities, businesses, municipalities and residential customers, and manages sustainable infrastructure and renewable energy funds.
10-K for FY2025, filed Mar 9, 2026Greenbacker Renewable Energy Company LLC (the “Company” or “GREC LLC”) is a Delaware limited liability company formed in December 2012. The…View ↗
The Company’s business objective is to generate attractive risk-adjusted returns for its shareholders by actively acquiring and financing…View ↗
IPP – The IPP business represents the active management and operations of the Company's fleet of renewable energy projects. The Company's…View ↗
Our renewable energy projects generate revenue primarily by selling: (1) generated electric energy and/or capacity to local utilities and…View ↗
The IM segment represents GCM’s platform for sustainable infrastructure, renewable energy, energy efficiency, and other…View ↗
Utilities, businesses, municipalities and residential customers pay for electricity and related renewable energy attributes as the projects deliver power; fund clients pay fees for investment management and administrative services over time.
10-K for FY2025, filed Mar 9, 2026Our renewable energy projects generate revenue primarily by selling: (1) generated electric energy and/or capacity to local utilities and…View ↗
The Company’s revenue is primarily derived from the sale of power under long-term PPAs. The Company’s PPAs generally have terms of between…View ↗
The Company identifies the sale of renewable energy and capacity, and when bundled into the PPA, RECs, as the performance obligations…View ↗
The Company also performs investment management and other administrative services for funds in the sustainable infrastructure and renewable…View ↗
$191.2M
10-K for FY2025, filed Mar 10, 2026
$191.2M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Energy revenue
Usage-based
10-K for FY2025, filed Mar 9, 2026 |
95% |
Energy revenue, FY2025
$182.5M Sources
|
Usage-based |
|
Investment Management revenue
Recurring
10-K for FY2025, filed Mar 9, 2026 |
6.0% |
Investment Management revenue, FY2025
$11.5M Sources
|
Recurring |
|
Other revenue
|
2.4% |
Other revenue, FY2025
$4.6M Sources
|
|
|
Contract amortization, net
|
−3.9% |
Contract amortization, net, FY2025
−$7.4M Sources
|
Utilities, commercial and residential property owners, companies and municipalities buy electricity, generally under long-term power purchase agreements. Managed funds receive investment management and administrative services.
10-K for FY2025, filed Mar 9, 2026Our renewable energy projects generate revenue primarily by selling: (1) generated electric energy and/or capacity to local utilities and…View ↗
Our PPAs, when structured with utilities and other large commercial users of electricity, are generally long-term in nature, tied to 100%…View ↗
A number of the PPAs for our projects are structured as “behind-the-meter” agreements with residential, commercial or government entities.…View ↗
The Company’s revenue is primarily derived from the sale of power under long-term PPAs. The Company’s PPAs generally have terms of between…View ↗
The Company also performs investment management and other administrative services for funds in the sustainable infrastructure and renewable…View ↗
10-K for FY2025, filed Mar 9, 2026
The Company determines which customers, if any, comprise over ten percent of either revenue or accounts receivable. For the years ended…View ↗
No. It lost $194.6M in FY2025.
10-K for FY2025, filed Mar 10, 2026
−$183.5MView ↗
10-K for FY2025, filed Mar 10, 2026
−$194.6MView ↗
10-K for FY2025, filed Mar 10, 2026
−$477.1MView ↗
10-Q for Q2 FY2026, filed Aug 13, 2026
$11.3MView ↗
10-Q for Q2 FY2026, filed Aug 12, 2026
Open tableView ↗
8-K, filed Jul 22, 2026
On July 21, 2026, Greenbacker Renewable Energy Company LLC, a Delaware limited liability company (the “Company”), entered into an Agreement…View ↗
Growing. Revenue grew 5.9x in 4 years, from $32.6M in FY2021 to $191.2M in FY2025, about 56% a year.
More focus on battery storage
The earlier report described a broader set of potential investments, including hydropower, geothermal, biomass, biofuel, combined heat and power, and fuel cell assets. The latest report describes battery storage as part of the current portfolio and lists no other of those technologies in its portfolio breakdown.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 9, 2026
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