Greenbacker completes $440 million tax equity financing for the 674 MW Cider solar project — the largest in New York State
M&T Bank Corporation (MTB)
Last m&t bank corporation earnings: 4/20 06:37 am
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Source: GlobeNewswire
NEW YORK, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Greenbacker Renewable Energy Company LLC (“Greenbacker”), an energy transition-focused investment manager and independent power producer, today announced the successful closing of the $440 million Tax Equity Commitment from U.S. Bank and M&T Bank for the Cider solar project (“Cider”), a 674 MWdc / 500 MWac utility-scale solar farm located in Genesee County, New York. While this tax equity financing represents the final source of funding required to fully finance the project, it follows a series of successfully completed financings and significant construction milestones already achieved to date. The tax equity financing — provided by U.S. Bank and M&T Bank (“Tax Equity Partners”) — represents a $440 million investment into the project’s capital stack. This commitment plays a critical role in optimizing the project’s financial structure and advancing Cider toward commercial operation targeted for late 2026. When complete, Cider is expected
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MTB
Earnings
- 1/16/26 - Beat
MTB
Sec Filings
- 2/9/26 - Form 144
- 2/5/26 - Form 4
- 2/5/26 - Form 4/A
- MTB's page on the SEC website