INDEPENDENT POWER PRODUCER FOCUSED ON SOLAR AND BATTERY STORAGE ASSETS

Greenwood Sustainable Infrastructure (GSI) is a renewable energy company focused on the development, construction and operation of distributed generation and utility-scale solar energy and battery storage projects in North America. Established in 2010, the company has developed approximately 178 MW across 43 renewable energy projects, many of which are still owned or operated by GSI. Combining technical, financial, and operational expertise, GSI successfully executes transactions that create both scale and value.

In April 2023, GSI acquired the solar and battery development portfolios of Saturn Power, including its team of seasoned developers.  Saturn Power is a leading developer in these assets. Saturn successfully built over 90 MW of solar and 65 MW of battery storage across the United States, Canada, and other select international markets. Following this acquisition, GSI’s footprint expands to 12 U.S. states, which will now include New York, Massachusetts, Vermont, Florida, Minnesota, Michigan, Colorado, Illinois, New Mexico, Pennsylvania, Virginia, and Washington, as well as Alberta and Saskatchewan in Canada.

Together, our team is highly skilled in development, acquisition, capitalization, and operation of solar and battery storage across a wide range of complexities and geographies. The enhanced development capabilities of the merged team will provide a platform for further growth in the years ahead.

The team is actively developing a 1.6-gigawatt (GW) pipeline of solar and battery storage projects, which includes large utility scale projects as well as community solar. This also represents the next step in our strategic goal to grow our pipeline to the 5 GW mark of clean power by 2029.

Greenwood Sustainable Infrastructure is the North American renewable energy subsidiary of libra group, a privately owned, global business group with assets and operations in nearly 60 countries. Libra encompasses 30 operating entities: 20 businesses predominately focused on aviation, renewable energy, maritime, real estate, hospitality, and diversified investments, and 10 social initiatives. The Group applies the strength of its global network and capabilities to deliver cross-sector insights and growth at scale, while mitigating risk.

Libra Group’s global energy interests include an extensive portfolio of distributed generation and grid-connected solar energy parks and wind farms in the European Union and the Americas. Libra companies also have experience in biogas production, biomass power generation, cogeneration plants, and waste-to-energy based fuels. GSI’s sister companies within the Libra ecosystem are  Greenwood Energy, in Central and South America, Euro Energy in Central and Southeastern Europe, and Convergen Latvia with operations in Eastern Europe.

To learn more about Libra Group, visit www.libra.com.