Wind repowers — Community Wind South (30 MW, MN), Elk (42.5 MW, IA), Hawkeye (37.5 MW, IA) — 110 MW total
First wind repowers to leverage IRA domestic content bonus (additional 10% ITC). BayernLB: $81.5M construction bridge loans. Huntington: $355.7M long-term debt + tax equity via sale-leasebacks — Greenbacker's first sale-leasebacks. US-made turbine blades, hubs, nacelles. Bedrock Renewables led development.
$437M
Deal Value
110MW
Capacity
Wind
Technology
IA, MN
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Greenbacker Renewable Energy Company
- Buyer / Financier
- BayernLB, Huntington National Bank
- Deal Value
- $437M
- Stage
- Operating
- ISO/RTO
- MISO
Capital Structure
$437M
Total transaction value
Tranches
- Construction Bridge Loan · Bayerische Landesbank (BayernLB)
- $82M
- Sale-Leaseback (tax equity + back-leverage) · Huntington National Bank
- $356M
Service Providers
Advisory & Legal
- developmentAdvisor
- Bedrock Renewables LLC
Finance Counterparties
Lenders & Capital Providers
- Construction Lender
- BayernLB
- taxEquityAndTermDebt
- Huntington National Bank
- constructionBridgeLoan
- $81.5M
- saleLeaseback
- $355.7M
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