GreenFront Energy Advises Commonwealth Energy Partners on Private Placement by Greenbacker Capital Management

Greenbacker’s Strategic Investment Will Support a 1-Gigawatt Pipeline of Solar and Storage Projects in the Commonwealth of Virginia

July 29, 2021

GreenFront Energy Partners (“GreenFront”) is pleased to announce the successful closing of Commonwealth Energy Partners’ (“CEP”) private placement with an investment from an affiliated fund of Greenbacker Capital Management, LLC (“Greenbacker”). The investment will enable the company’s subsidiary, CEP Solar, to expand and execute on its existing project pipeline, which is focused on solar power and energy storage development in the Commonwealth of Virginia.

CEP was founded in 2020 by Tyson Utt and Richard Wright, an experienced team of Virginia-based solar developers. Prior to co-founding the company, Utt was Vice President of Development, East at Apex Clean Energy, one of the leading renewable energy developers in the US, and Wright served as COO of Heelstone Renewable Energy, a firm focused primarily on solar development in the Southeast.

Greenbacker is a leader in sustainable infrastructure investment, providing advisory and oversight services related to project development, acquisition, and operations in the renewable energy, energy efficiency, and sustainability industries.

Link to Greenbacker press release.

About Commonwealth Energy Partners

Commonwealth Energy Partners, LLC is a clean energy company based in Richmond, Virginia that partners with landowners, communities, and customers to originate and manage best-in-class solar and storage projects across the Commonwealth of Virginia to deliver long-term economic and environmental benefits for the Commonwealth.

For more information, please visit www.cep-solar.com

About Greenbacker Capital

Greenbacker Capital Management LLC is an SEC registered investment adviser that provides advisory and oversight services related to project development, acquisition, and operations in the renewable energy, energy efficiency, and sustainability industries.

For more information, please visit www.greenbackercapital.com

Certain Principals of GreenFront Energy Partners LLC are registered representatives of Ashland Securities, LLC Member FINRA, SIPC. GreenFront Energy Partners LLC and Ashland Securities, LLC are separate and unaffiliated entities. Securities and Investment Banking Services are offered through Ashland Securities, LLC.