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Stock impact report

Greenbacker completes $437 million financing for repowers in company milestone: first wind repowers to leverage the domestic content bonus [Yahoo! Finance]

Huntington Bancshares Incorporated (HBAN) 
Last huntington bancshares incorporated earnings: 4/23 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: huntington-ir.com
Company Research Source: Yahoo! Finance
Harnessing efficiency gains in newer technologies, Greenbacker has repowered 110 MW of its Midwestern wind fleet, including like-for-like equipment replacement at its largest Minnesota wind farm. NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Greenbacker Renewable Energy Company LLC (“Greenbacker,” “GREC,” or the “Company”), a leading climate-focused investment manager and independent power producer, has secured $437 million in financing to repower two utility-scale wind energy assets in Iowa and complete a like-for-like equipment replacement at its largest wind farm in Minnesota (together, referred to as three “repowers”). The repowers represent an energy transition milestone for Greenbacker. In addition to qualifying for the 30% investment tax credit (“ITC”), the projects are also among the clean energy industry's first to utilize the additional 10% domestic content bonus newly created by the Inflation Reduction Act (“IRA”), based on their use of components manufactured in the US Show less Read more
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