- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Boulder City Today
By the People, for the People
Greenbacker Closes $440 Million Tax Equity Financing
The financing will support the 674 MWdc/500 MWac Cider solar project in New York, expected to be the state's largest.
Published on Feb. 20, 2026
Got story updates? Submit your updates here. ›
Greenbacker, an independent power producer and energy transition-focused investment manager, secured $440 million in tax equity financing from U.S. Bank and M&T Bank for the 674 MWdc/500 MWac Cider solar project in Genesee County, New York. The project is expected to reach commercial operation in late 2026 and become the largest solar project in the state.
Why it matters
The Cider solar project is a significant renewable energy investment that will help New York meet its ambitious clean energy goals, including a target of 70% renewable electricity by 2030. As one of the largest solar projects in the state, it demonstrates the growing scale and financing capabilities of the renewable energy sector.
The details
The $440 million in tax equity financing will support the construction and operation of the Cider solar project, which is expected to reach commercial operation in late 2026. Once completed, the project will have a capacity of 674 MWdc/500 MWac, making it the largest solar project in New York.
- The Cider solar project is expected to reach commercial operation in late 2026.
The players
Greenbacker
An independent power producer and energy transition-focused investment manager.
U.S. Bank
One of the banks that provided $440 million in tax equity financing for the Cider solar project.
M&T Bank
One of the banks that provided $440 million in tax equity financing for the Cider solar project.
What’s next
The Cider solar project is expected to begin commercial operation in late 2026, at which point it will become the largest solar project in New York.
The takeaway
The Cider solar project's $440 million in tax equity financing demonstrates the growing scale and financing capabilities of the renewable energy sector, which is crucial for New York to meet its ambitious clean energy goals.
