What Green Development LLC does

Green Development LLC is a vertically integrated developer, owner, and operator of utility-scale renewable energy projects headquartered in Cranston, Rhode Island. Founded in 2009 as Wind Energy Development, LLC and rebranded in 2017 to reflect an expanded focus beyond wind into solar and battery storage, the company positions itself as Rhode Island's leading renewable energy developer and the state's largest onshore wind developer. It serves public-sector and community customers — municipalities, school departments, housing authorities, nonprofits, quasi-public entities such as the Narragansett Bay Commission, and farmers/landowners — across a portfolio of 19+ named solar and wind projects ranging from 21 kW installations to the 49.3 MW Iron Mine Solar project, the largest solar project in the state. As of 2021 the company reported 135 MW of installed, operational capacity producing approximately 263.8 million kWh annually.

The company provides total lifecycle management of renewable projects: planning and design, site development, project financing, solar and wind construction, operations and maintenance, and asset management. Its wind fleet is built exclusively on Vensys gearless, direct-drive turbine technology featuring permanent-magnet generators, air cooling, and toothed-belt blade pitch systems that reduce component count and maintenance. Green Development does not build proprietary software or AI; its technical differentiation lies in in-house development, construction, and financing capabilities combined with sourced turbine hardware and deep familiarity with Rhode Island's Renewable Energy Standard, Renewable Energy Growth Program, and Virtual Net Metering (VNM) regime.

Revenue is generated through multiple mechanisms: long-term (20–25 year) Power Purchase Agreements with municipalities, schools, and nonprofits at fixed discounted rates with zero upfront customer capital; sale of virtual net metering credits to qualified off-takers; project development and EPC/construction services; and land-lease arrangements paid to hosting farmers and landowners. Go-to-market is direct enterprise/field sales targeting public-sector buyers and landowners within Rhode Island. Pricing is quote-based, project-specific, and not publicly disclosed. The company is a founder-controlled private LLC led by CEO and Founder Mark DePasquale, with roughly 90 full-time employees (2022) plus dozens of seasonal workers, and a subsidiary, QSS Biosolids, pursuing sludge pyrolysis operations at Quonset Business Park.

Name

Green Development LLC

Legal name

Green Development LLC

Website

https://green-ri.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

Green Development LLC is a vertically integrated developer, owner, and operator of utility-scale solar and wind projects in Rhode Island, serving municipalities, schools, nonprofits, housing authorities, and landowners through power purchase agreements, virtual net metering credits, and land leases.

Ownership category

akta.pro rank

Product category

Renewable Energy Development

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

akta.pro secondary industries

Utility-Scale PV Project Development & Permitting (EUACAGAA), Retail & Community PPAs (Community Solar/Shared Renewables) (EUAGADAC), Permitting, Environmental & Stakeholder Engagement (EIA/ESIA, Community Relations) (EUAMAAAB)

Keywords

• Utility-scale solar development
• Onshore wind energy
• Power purchase agreements
• Virtual net metering
• Renewable energy project development

Headquarters

HQ city

Cranston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Power Purchase Agreements (PPAs): Company sells power to municipalities, schools, housing authorities, and nonprofits at fixed discounts through Power Purchase Agreements. Customers pay for power consumed at fixed discount rates with no upfront capital requirements.
2. Virtual Net Metering Credits: Company generates renewable energy credits through solar and wind projects and sells credits to qualified off-takers including nonprofits, government agencies, and others through Rhode Island's virtual net metering (VNM) program.
3. Project Development & Construction: Company develops, constructs, and manages renewable energy projects (wind, solar, battery storage) for landowners, municipalities, and public entities. Revenue from development fees and EPC services.
4. Land Lease Payments: Company pays annual lease income to farmers and landowners who host renewable energy projects on their property, while landowners retain ownership and can continue farming.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Green Development LLC develops, finances, constructs, owns, and operates utility-scale solar and wind renewable energy projects in Rhode Island. The company sells generated power to municipalities, schools, nonprofits, housing authorities, and quasi-public entities through long-term Power Purchase Agreements (PPAs) at fixed discounts and through Rhode Island's Virtual Net Metering program. It also partners with farmers and landowners via land lease arrangements that preserve farmland while producing lease income.

Product overview

Green Development LLC is a renewable energy development company offering a portfolio of solar and wind energy projects across Rhode Island. The company operates as a vertically integrated developer providing total lifecycle management services including planning & design, site development, project financing, construction, operations & maintenance, and asset management. Their product portfolio spans 19+ named solar and wind projects ranging from 21 kW community solar installations to 49.3 MW utility-scale solar farms. Key projects include the Iron Mine Solar (49.3 MW, the largest in Rhode Island), Johnston Wind (21 MW with 7 turbines), Coventry Wind (15 MW), and Hopkinton Main Solar (12.6 MW). The company also offers virtual net metering program services for municipalities, schools, nonprofits, and housing authorities, enabling them to offset electricity costs through remotely located renewable energy projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Iron Mine Solar A 49.3 MW DC solar project occupying approximately 162 acres on Iron Mine Road in North Smithfield, RI; currently the largest solar project in Rhode Island.
• Johnston Wind A wind project with 7 turbines totaling 21 MW capacity located in Johnston, RI.
• Coventry Wind A 15 MW wind project located in Coventry, RI.
• Hopkinton Main Solar A 12.6 MW solar project located in Hopkinton, RI.
• Kingstown One & Two A combined solar project totaling 5.4 MW located in Richmond, RI.
• Coventry Seven Solar A 5 MW solar project located in Coventry, RI.
• Johnston-Scituate Solar A 4.7 MW solar project located in Johnston and Scituate, RI.
• GW Solar A 3.6 MW solar project in Green Development's Rhode Island portfolio.
• Providence Wind II A 3 MW wind project located in Providence, RI.
• Stilson Solar A 2.5 MW solar project in Green Development's Rhode Island portfolio.
• White Oak Solar A 2.3 MW solar project located at White Oak Farm in Glocester, RI.
• Victory Highway Solar A 2.2 MW solar project located in West Greenwich, RI.
• Richmond Buttonwoods A 1.6 MW solar project located in Richmond, RI.
• Providence Wind I A 1.5 MW wind project located in Providence, RI.
• Portsmouth Wind A 1.5 MW wind project located in Portsmouth, RI.
• North Kingstown Green A 1.5 MW wind project located in North Kingstown, RI.
• Rose Hill Solar A 911 kW solar project in Green Development's Rhode Island portfolio.
• West Shannock Solar A 250 kW solar project located in West Shannock, RI.
• Gardiner/Our Kids' Farm A 21 kW solar project located at Gardiner/Our Kids' Farm in Richmond, RI.
• Renewable Energy Portfolio The aggregated portfolio of solar and wind renewable energy projects developed, built, and operated by Green Development across Rhode Island, including projects ranging from 21 kW community solar installations to 49.3 MW utility-scale solar farms.
• Total Lifecycle Management Services End-to-end renewable energy project services covering planning & design, site development, project financing, solar & wind construction, operation & maintenance, and asset management for renewable energy projects in Rhode Island.
• Solar Development Services Solar power system development services spanning site identification, evaluation, municipal & utility approval, power purchaser determination, construction, and generation of renewable energy for public and private off-takers.
• Wind Development Services Wind turbine development services using Vensys gearless turbine technology, covering site evaluation, permitting, construction, and ongoing operations for utility-scale onshore wind projects.
• Virtual Net Metering Program Services Services enabling municipalities, schools, nonprofits, and housing authorities to offset electricity costs through remotely located renewable energy projects and receive credits from National Grid under Rhode Island's Virtual Net Metering program.
• Power Purchase Agreements (PPAs) Multi-year Power Purchase Agreements with municipalities, schools, housing authorities, and nonprofits under which customers pay for power consumed at a fixed discount rate, with zero upfront capital requirements for the off-taker.
• Land Lease Program for Farmers & Landowners Program under which Green Development leases land from farmers and landowners to host renewable energy projects, providing steady annual lease income while allowing continued agricultural use.

Quantifiable outcome

• $44 million savings over 25 years for West Warwick from three wind turbines
• +6 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Vensys Energy AGcoreTechnology or IntegrationGerman manufacturer of gearless wind turbines in megawatt and multi-megawatt class. Green Development utilizes Vensys turbines exclusively for wind projects. Technology features permanent magnet-excited multi-pole generators, grid-friendly converter systems, and innovative toothed belt drives. Over 12,200 VENSYS turbines totaling over 19,200 MW connected to grid worldwide.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Cypress Creek Renewables: US distributed solar and storage developer with a similar asset-light, vertically integrated model targeting municipalities, schools, and commercial off-takers via PPAs. Closely comparable in product category, customer base, and PPA-driven revenue model.
• Borrego Solar: Commercial and utility-scale solar developer with end-to-end development, financing, construction, and O&M capabilities. Comparable mid-market developer serving public-sector and commercial customers with similar lifecycle service offering.
• Pivot Energy: Distributed solar developer focused on community solar and PPA-driven projects for municipalities, schools, and nonprofits across multiple US states. Closely comparable in business model, customer segments, and use of community solar / shared renewables structures.
• Forefront Power: Distributed wind, solar, and battery storage developer serving schools, municipalities, nonprofits, and affordable housing customers via PPAs and VNM-like structures. Closely comparable in target customer base and zero-upfront project finance.
• Inovateus Solar: Mid-market US solar developer and EPC serving commercial, institutional, and public-sector clients. Comparable in offering mix (development + construction) and PPAs for non-utility customers.

Emerging players

• CleanCapital: Climate finance investor that acquired Green Development's 26.2 MW portfolio in 2023. Acts as a downstream acquirer and capital partner for community and distributed solar projects, comparable in technology and customer type though operating as an investor/owner rather than developer.

Broad incumbents

• EDF Renewables North America: Subsidiary of EDF that develops, owns, and operates utility-scale wind and solar projects across the US, including distributed and community-scale offerings. Comparable across technology and customer types but as a much larger, multinational portfolio player.
• ENGIE North America (Distributed Renewables): Branch of ENGIE developing distributed solar, storage, and onshore wind with PPAs for institutional and public-sector customers. Comparable in technology stack and long-dated PPA model though operating as a broad incumbent across geographies.
• Pattern Energy Group: Independent power producer focused on utility-scale wind and solar development. Comparable technology exposure (especially wind) but operates at materially larger scale and serves utility off-takers rather than municipal / nonprofit direct off-takers.

Regional players

• Revere Power: Northeast-focused renewable energy developer building community solar and small utility-scale projects in New York and neighboring states. Comparable in technology and customer focus but with regional footprint adjacent to Green Development's Rhode Island base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/greendevelopmentllc
• Facebookfacebook.com/Wind-Energy-Development-131876673545059
• LinkedInlinkedin.com/company/green-dev-llc
• Xx.com/GreenDevEnergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Green Development LLC