GREENBACKER RENEWABLE ENERGY COMPANY LLC ANNOUNCES NET ASSET VALUE AND PAYOUT RATES AS OF SEPTEMBER 30, 2020

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New York, NY, November 06, 2020 (GLOBE NEWSWIRE) – Greenbacker Renewable Energy Company LLC (the “Company”) announced that on November 6, 2020, its board of directors approved the net asset value per share as at September 30, 2020 for the Company’s share classes as indicated below:

Share class

September 30, 2020
Net asset value

June 30, 2020
Net asset value

Change
Previous quarter

A

$ 8.63

$ 8.63

$ 0.00

VS

$ 8.38

$ 8.38

$ 0.00

I

$ 8.63

$ 8.63

$ 0.00

Pennsylvania

$ 8.67

$ 8.68

($ 0.01)

PI

$ 9.02

$ 9.02

$ 0.00

The Board of Directors of the Company has also authorized cash distributions payable on January 4, 2021, February 1, 2021 and March 1, 2021 to shareholders of record as of December 31, 2020, January 29, 2021 and February 26, 2020, respectively, which equals an annualized payout rate of 6.42% for Class A and Class I shares, an annualized payout rate of 6.48% for Class C shares and an annualized payout rate of 6.40% for category PA and category PI shares.

About Greenbacker Renewable Energy Company

Greenbacker Renewable Energy Company LLC is an unlisted limited liability company that acquires and manages revenue-generating renewable energy and energy efficiency projects, as well as other energy-related businesses. The projects we invest in, such as solar and wind installations, sell electricity under long-term contracts to highly creditworthy counterparties such as utilities, municipalities and businesses. For more information, please visit www.greenbackercapital.com

Forward-looking statements

This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although the Company believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, it cannot guarantee that the expectations will be met or that any difference will not be material. The Company does not undertake to update the forward-looking statements contained in this document to conform to actual results or to changes in the expectations of the Company.

Media contact:

Greenbacker
Joseph Kuo / Chris Clemens
Haven Tower Group
424 317 4851 or 424 317 4854
mediarelations@greenbackercapital.com


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