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Greenbacker Announces Investment In Commercial Solar And Storage Platform Sunrock Distributed Generation

Jun 02, 2022•about 3 years ago

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Greenbacker Development Opportunities Fund I, LP (“Greenbacker”), which provides flexible capital and best-in-class technical guidance for growth-stage clean energy companies, announced today that it has made an investment in Sunrock Distributed Generation (“Sunrock DG”), a financing and asset aggregation platform for commercial and industrial (C&I) solar and energy storage projects across the country.

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Sunrock Dg

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It will also enable Sunrock DG to expand its pipeline of middle-market commercial solar and storage projects. Sunrock DG develops smaller-scale commercial solar projects that allow businesses, municipalities, and non-profits to access the financial and environmental benefits of solar power. “We’re thrilled to partner with Sunrock DG to expand our presence in C&I solar and enable Sunrock DG to accelerate its growth and meet the immense demand for low-cost clean energy solutions, particularly in light of rising power prices. Sunrock DG was founded by an experienced team of solar development and financing professionals, including Claire Broido Johnson, who formerly co-founded SunEdison, as well as Catherine Lee and Anson Shao. With Greenbacker’s investment, Sunrock DG is better positioned to expand in the space.