Greenbacker Renewable Energy: Investors May Have Recovery Options

Investors who suffered losses on investments in Greenbacker Renewable Energy Company may have recovery options. The product, a non-traded renewable energy investment, may have been unsuitable for certain retail customers. If you believe that your financial advisor misrepresented investments in Greenbacker Renewable Energy or recommended them without properly considering your risk tolerance or liquidity needs, you may be entitled to recoup losses.

According to BusinessWire, Greenbacker Renewable Energy Company LLC (GREC) is “an Independent Power Producer (IPP) that owns a ~1.9 GW fleet of operating and under construction renewable energy assets across 22 states.” Founded in 2011, it owns the SEC-registered investment adviser Greenbacker Capital Management and has a portfolio of more than 185 energy projects, including solar, wind, and battery storage. As a July 2026 report by AltsWire describes, the company “raised roughly $1.65 billion from investors across two offerings.” A public offering from August 2013 to March 2019 raised $253.4 million through the sale of Class A, C, and I shares, while a private offering between April 2016 and March 2022 raised a total of $1.4 billion.

Reports suggest that Greenbacker Renewable Energy Company’s reported value has declined in recent years. As pv magazine USA reported in April 2025, the company posted $242 million in net losses in 2024. It also “initiated a re-underwriting process for its assets,” reducing its aggregate net asset value by a total of 35.5%, from $7.81 per share to $5.03 per share. According to SQX Alts, meanwhile, GREC reported a fiscal 2025 net loss of approximately $214.9 million, as well as “significant asset divestitures” that saw its portfolio shrink from 420 renewable energy projects at the end of 2024 to 220 projects at the end of 2025.

As a non-traded investment, Greenbacker Renewable Energy Company’s shares have no established secondary market. The company suspended shareholder distributions in May 2024, per SQX Alts. Its share repurchase program had already been suspended in September 2023, and remains “limited to requests tied to shareholder death, disability, or incompetence.” These factors mean that investors have limited exit options.

Non-traded investments like Greenbacker Renewable Energy Company involve risks that may make them unsuitable for many investors, especially retail investors with limited investment experience, conservative profiles, and short-term liquidity needs. Non-traded investments are illiquid, which means that investors who wish to sell their shares may face challenges finding a buyer. Brokers and investment advisors are required to ensure that the investments they recommend are in their customers’ best interests. If they recommend unsuitable investments, or if they misrepresent or omit material facts in a manner that leads their customers to believe unsuitable investments are suitable, they may be liable for damages.

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered losses on investments in Greenbacker Renewable Energy, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.