Greenbacker Renewable Energy acquires 50-MW Iowa operating wind farm

By WPED Staff Greenbacker Renewable Energy Company has, through a wholly-owned subsidiary, it purchased a 50-MW operating wind farm from RPMA Iowa Wind Development. The project, Rippey Wind Holding, is located in Greene County, Iowa and has a 25-year PPA in place with the investment-grade utility Central Iowa Power Cooperative (CIPCO). The project reached commercial operations in 2012.
“We’re excited to expand our wind portfolio in Iowa with RPMA,” said Charles Wheeler, CEO of Greenbacker. “GREC has experienced phenomenal growth as we near the end of 2020 and Rippey is one of our largest wind projects, typifying this acceleration of acquisitions.”
With the acquisition of

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