# Greenbacker Renewable Energy Co LLC — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_7e0f9f1dd8c0c445bc1f · retrieved 2026-08-11T16:13:58.099Z

## Overview
Greenbacker Renewable Energy Company LLC owns and operates renewable energy projects, including solar and wind generation assets across multiple states, with a portfolio of approximately 2 GW of capacity across 185 projects in 22 states, 93% of revenue contracted with investment-grade customers.

Greenbacker Renewable Energy Company LLC agreed to merge with MN8 Energy Holdings LLC, with MN8 acquiring Greenbacker for $350 million in cash and equity at closing, plus up to $25 million in additional cash payments tied to achievement of specific commercial milestones. The transaction values Greenbacker at approximately $1.71 per share at closing, with up to approximately $0.12 per share of additional potential consideration if certain commercial milestones are achieved. Shareholders may elect to receive all cash (subject to a $100 million aggregate cap), all MN8 equity in the combined company, or a 50/50 mix. The combined company will operate approximately 6.2 GW of combined capacity, positioning it as a top-three American clean power platform. The transaction is expected to close in the fourth quarter of 2026, subject to shareholder approval and regulatory approvals including HSR Antitrust, FERC Section 203, and New York Public Service Law filings.

## Terms
- Counterparty: MN8 Energy Holdings LLC · Deal value: $375.0M · Consideration: mixed · Stake: 11% · Price/share: $1.71

## Key dates
- Announced 2026-07-27 · Expected close 2026-12-31

## Timeline
- 2026-07-27 · 425 (0001753926-26-001238): 425 - Greenbacker Renewable Energy Co LLC — *Greenbacker Renewable Energy Company LLC owns and operates renewable energy projects, including solar and wind generation assets across multiple states, with a portfolio of approximately 2 GW of capacity across 185 projects in 22 states, 93% of revenue contracted with investment-grade customers.* Greenbacker Renewable Energy Company LLC agreed to merge with MN8 Energy Holdings LLC, with MN8 acquiring Greenbacker for $350 million in cash and equity at closing, plus up to $25 million in additional cash payments tied to achievement of specific commercial milestones. The transaction values Greenbacker at approximately $1.71 per share at closing, with up to approximately $0.12 per share of additional potential consideration if certain commercial milestones are achieved. Shareholders may elect to receive all cash (subject to a $100 million aggregate cap), all MN8 equity in the combined company, or a 50/50 mix. The combined company will operate approximately 6.2 GW of combined capacity, positioning it as a top-three American clean power platform. The transaction is expected to close in the fourth quarter of 2026, subject to shareholder approval and regulatory approvals including HSR Antitrust, FERC Section 203, and New York Public Service Law filings.
  https://www.sec.gov/Archives/edgar/data/1563922/0001753926-26-001238.txt

## Citations
- 0001753926-26-001238 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000175392626001238