New York, NY, February 02, 2021 (GLOBE NEWSWIRE) – Greenbacker Renewable Energy Company LLC (the âCompanyâ) announced that on January 29, 2021, its board of directors approved the net asset value per share as at December 31, 2020 for the company’s Class A and I common shares of $ 8.55, respectively, representing a decrease of $ 0.08 per share from valuations at the end of the prior quarter. The Board of Directors also approved the net asset value per share as at December 31, 2020 for the Company’s Class C common shares of $ 8.30, which represents a decrease of $ 0.08 per share from valuations of the end of the previous quarter. In addition, the Board of Directors also approved the net asset value per share as at December 31, 2020 for the Class PA common shares of the Company of $ 8.65, which represents a decrease of $ 0.02 per share compared to at the appraisal at the end of the previous quarter. Finally, the Board of Directors also approved the net asset value per share as at December 31, 2020 for the Class PI common shares of the Company of $ 8.96, which represents a decrease of $ 0.06 per share compared to the end of the previous quarter evaluation.
About Greenbacker Renewable Energy Company
Greenbacker Renewable Energy Company LLC is an unlisted limited liability company that acquires and manages income-generating renewable energy and energy efficiency projects, as well as other energy-related businesses. The projects we invest in, such as solar and wind installations, sell electricity under long-term contracts to highly creditworthy counterparties such as utilities, municipalities and businesses. For more information, please visit www.greenbackercapital.com
This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although the Company believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, it cannot guarantee that the expectations will be met or that any difference will not be material. The Company does not undertake to update the forward-looking statements contained in this document to conform to actual results or to changes in the expectations of the Company.
Joseph Kuo / Chris Clemens
Haven Tower Group
424 317 4851 or 424 317 4854