Greenbacker Development Opportunities Fund I

Overview

Greenbacker Development Opportunities Fund I is a private equity fund that invests in sustainable infrastructure platforms across the United States, focusing on companies in the renewable energy, energy efficiency, and sustainability sectors. The fund provides flexible capital and technical guidance to growth-stage clean energy companies, leveraging deep experience in project development, structured finance, and operations to identify best-in-class management teams and support their growth. The fund's investment strategy encompasses a wide range of sustainable infrastructure and renewable energy technologies, including solar photovoltaic power generation, hydroelectric power generation, battery storage, energy efficiency, microgrids, and waste-to-value projects. It primarily focuses on equity investments across the capital structure, aiming to scale energy businesses and advance critical infrastructure. As of May 2025, the fund has deployed over $400 million across more than a dozen platform investments, generating 652 GWh of clean energy across 45 U.S. states and 3 Canadian provinces. Greenbacker Development Opportunities Fund I has a track record of strategic investments in the clean energy sector. Notable investments include a $15 million initial investment in Relevate Power, a company focused on energy storage optimization software, and a partnership with Renew Energy Partners, a nationwide distributed generation, microgrid, and energy efficiency company. These investments demonstrate the fund's commitment to supporting the growth and development of sustainable infrastructure platforms in the United States.

Portfolio Companies