Amalgamated Bank Joins Nearly $1 Billion Aggregate Financing with Greenbacker's 674 MW Cider Solar Farm, Powering New York's Largest Solar Project to Date
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2025
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Source: Globenewswire
Amalgamated Bank Financing: Amalgamated Bank has successfully closed a $15 million commitment as part of a nearly $1 billion financing for Greenbacker Renewable Energy's "Cider" solar farm, the largest in New York State, which will generate enough clean electricity to power over 120,000 homes annually by the end of 2026.
Commitment to Clean Energy: The Cider project aims to create hundreds of clean energy jobs and emphasizes a partnership with local organized labor, showcasing both companies' dedication to sustainable energy solutions and community support.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
