Greenwood Sustainable Infrastructure

What Greenwood Sustainable Infrastructure does

Greenwood Sustainable Infrastructure (GSI) is a North American independent power producer and renewable energy developer founded in 2010 and operating as the renewable energy subsidiary of Libra Group. The company focuses on the development, construction, and operation of utility-scale solar energy and battery storage projects, supplemented by combined heat and power (CHP) cogeneration and a biomass/waste-to-energy asset (L'Anse Warden Electric Company). As of the most recent reporting, GSI has deployed 581+ MWdc of capacity across 82 projects spanning 13 US states and 3 Canadian provinces, with over $300 million in sustainable infrastructure assets under management and a 2.1+ GW development pipeline targeting 5 GW of clean power by 2029.

GSI's core technology stack centers on utility-scale solar PV using bifacial modules sourced from VSUN Solar and helical pile foundation systems from Polar Racking, enabling rapid deployment on varied terrain including brownfield and former remediation sites. The company has expanded into battery storage projects (a 150 MW Massachusetts portfolio across 5 projects and a 130 MW portfolio across 4 projects), community solar programs, and retains operating CHP assets such as GSI Energy Millennium Broadway and Millennium Hilton. GSI executes projects end-to-end — site prospecting, land acquisition, permitting, interconnection, EPC oversight, and long-term asset management — and differentiates by converting underutilized, vacant, or environmentally impacted land into productive renewable assets.

GSI generates revenue primarily through long-term Power Purchase Agreements (PPAs) of 20-30 years with utilities, municipalities, public power authorities, and select C&I and educational offtakers. Secondary revenue streams include the sale of Renewable Energy Credits (RECs) and project development fees for site control, permitting, interconnection, and financial close services. The go-to-market is enterprise field sales — bespoke, relationship-driven transactions with creditworthy offtakers (e.g., SaskPower, LIPA, Delmarva Power & Light, municipal light plants, Ithaca College) — supplemented by indigenous co-development partnerships such as the flagship Second Wind Power JV with Ocean Man Nakoda Nation for the 100 MWac Turning Sun Solar Project in Saskatchewan. Project finance is sourced from institutional lenders including Royal Bank of Canada, Desjardins Group, Seminole Financial Services, and Live Oak Bank.

Name

Greenwood Sustainable Infrastructure

Legal name

Greenwood Sustainable Infrastructure LLC

Website

https://greenwoodinfra.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Greenwood Sustainable Infrastructure is a North American independent power producer developing, constructing, and operating utility-scale solar and battery storage projects across 13 US states and 3 Canadian provinces, serving utilities, municipalities, and public power authorities under long-term PPAs.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ)

akta.pro secondary industries

Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF), Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE), Utility-Scale Power Generation Asset Management (EUAEAMAA)

Keywords

• Utility-scale solar development
• Battery storage projects
• Independent power production
• Renewable energy assets
• Clean energy infrastructure

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Power Purchase Agreements (PPAs): GSI develops utility-scale solar and battery storage projects on leased land and sells the generated electricity to utilities, municipalities, and other offtakers under long-term power purchase agreements (PPAs). PPAs typically run 20-30 years, providing stable, recurring revenue streams.
2. Renewable Energy Credits (RECs): Sale of Renewable Energy Certificates (RECs) and other environmental attributes generated by projects, providing incremental revenue on top of electricity sales.
3. Project Development Fees: Fees earned for the development, origination, and financing arrangement of renewable energy projects, including site control, permitting, interconnection, and financial close services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Greenwood Sustainable Infrastructure (GSI) develops, finances, constructs, owns, and operates utility-scale solar energy and battery storage projects across North America. The company generates revenue primarily through long-term (20–30 year) Power Purchase Agreements with utilities, municipalities, and large commercial offtakers, supplemented by sales of Renewable Energy Credits (RECs) and project development fees. GSI also provides end-to-end solar project development services, construction management via EPC partners, and ongoing operations, maintenance, and asset management for its operating fleet.

Product overview

Greenwood Sustainable Infrastructure (GSI) is a renewable energy independent power producer offering a unified platform of solar and battery storage development, construction, and operations services across North America. The company's core offering encompasses end-to-end project development (including prospecting, land acquisition, permitting, and interconnection), construction management through trusted EPC partners, and long-term operations and asset management. GSI's product portfolio includes utility-scale solar projects like the flagship 100 MWac Turning Sun Solar Project, distributed generation assets, battery storage projects (including a 150 MW Massachusetts portfolio), and combined heat and power (CHP) cogeneration facilities such as GSI Energy Millennium Broadway and Millennium Hilton. The company operates across 13 U.S. states and three Canadian provinces, with a 2.1+ GW development pipeline targeting 5 GW of clean power by 2029.

Differentiator

Problem solved

Functional benefit

Products and services

• Turning Sun Solar Project
• Solar Project Development Services
• Construction Management
• Operations & Maintenance (O&M)
• Asset Management
• Battery Storage Projects
• Community Solar Programs
• GSI Energy Millennium Broadway
• GSI Energy Millennium Hilton
• L'Anse Warden Electric Company (LWEC)

Quantifiable outcome

• Over 581 MWdc deployed across 82 renewable projects
• +2 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Ocean Man Nakoda NationflagshipStrategic or Co-development Partner · 1 January 2022Ocean Man Nakoda Nation partnered with GSI on the Turning Sun Solar Project, a utility-scale solar development on indigenous land. The partnership involves co-development, indigenous equity participation, community benefit sharing, and land lease arrangements. This relationship is a flagship model for indigenous co-development in North American solar.
• Barton MalowcoreImplementation/ SI/ Consulting PartnerBarton Malow served as the engineering, procurement, and construction (EPC) contractor for the Turning Sun Solar Project. As a large construction firm with renewable energy project experience, Barton Malow provides construction execution capacity for GSI's development pipeline.
• VSUN SolarcoreTechnology or IntegrationVSUN Solar supplies bifacial solar photovoltaic modules for GSI's utility-scale projects. Bifacial modules capture reflected light on both sides, increasing energy yield. VSUN is a Tier 1 solar module manufacturer supplying GSI's project pipeline.
• Polar RackingcoreTechnology or IntegrationPolar Racking supplies helical pile foundation systems for GSI's solar projects, enabling ground-mount installations without concrete foundations. This solution allows faster installation, reduced site disturbance, and removal/reuse of equipment at project end of life.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Brookfield Renewable Partners: One of the largest publicly traded renewable IPPs, with significant US solar and storage holdings. Competes with GSI for institutional offtake counterparties and for capital in the renewable project finance market.
• NextEra Energy Resources: Largest US wind and solar developer and operator. Overlaps with GSI on utility-scale solar PPAs, though its scale, balance sheet, and pipeline dwarf GSI's.
• EDF Renewables North America: Develops and operates utility-scale renewable projects (solar, wind, storage) in North America under EDF's umbrella. Closely comparable GTM, customer base, and project finance approach to GSI.
• AES Clean Energy: Subsidiary of The AES Corporation developing utility-scale solar, wind, and battery storage across the US. Direct overlap with GSI's solar+storage development focus and target utilities/municipal offtakers.

Direct peers

• Clearway Energy: Yieldco-style owner-operator of utility-scale solar and battery storage assets across the US. Highly comparable to GSI's IPP model, scale, and PPA-driven revenue structure, though meaningfully larger.
• Lightsource bp: Global utility-scale solar developer and IPP with a sizable North American pipeline; competes head-to-head with GSI for utility and corporate PPAs and on land siting.

Regional players

• Innergex Renewable Energy: Canadian-headquartered owner-operator of hydro, wind, and solar assets, including recent utility-scale solar projects in Saskatchewan. Comparable to GSI's Canadian activities and the Turning Sun partnership model.
• Boralex: Canadian-listed renewable IPP with solar, wind, and storage assets across North America and Europe. Direct overlap with GSI's Canadian project development activity and PPA structure.

Emerging players

• Cordelio Power: North American-focused utility-scale wind and solar developer; comparable in scale and target offtakers to GSI, though more wind-weighted in its portfolio.
• GlidePath Power Solutions: Developer and operator of standalone battery energy storage projects in North America. Directly comparable to GSI's battery storage portfolio expansion in Massachusetts and other markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/greenwoodinfra

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greenwood Sustainable Infrastructure