Press Release: 11.16.2018

McCarthy Completes New 20 MW Solar Project in Imperial County Calif.

sun rising on midway 3 solar project

Utility Scale Solar

McCarthy’s renewable energy team, based in Phoenix, recently completed construction on the Midway III solar project, a new 26 mW/dc located in Calipatria, Imperial County, Calif. The project is owned by Greenbacker Renewable Energy Company LLC.

Mechanical production at Midway III began in Q1 of 2018 and the project was completed in September 2018. Midway III sells all generated power to a large California utility through a 20-year fixed-price power purchase agreement.

“When we announced the purchase of this pre-construction project last year, we estimated that it would take until October 2018 to complete. We are pleased to announce that due to the dedication of our technical asset management staff and the great work of our construction partners, Solar Frontier and McCarthy Building Companies, we were able to complete the commissioning of the project in September. The Company continues to demonstrate an ability to successfully execute a wide variety of transactions including the purchase of construction-ready projects as well as operating assets,” said Charles Wheeler, CEO of Greenbacker.

Solar Installation Training

During construction, McCarthy hired 150 local craft workers to construct the project, supporting growth in the clean energy job sector. The project consisted of engineering procurement, assembling, installing and wiring 976 single-axis trackers supporting 140,976 solar panels. To train the local workforce in the emerging solar industry, McCarthy implemented principles of Training Within Industry (TWI), a program originally developed by United States Department of War in the 1940s to help quickly and reliably re-train workers on moderately complex tasks. Through its TWI solar program, McCarthy applies its "Learn. Perform. Repeat” methodology and offers highly effective and efficient training to workers who have little or no experience in solar installations. By deploying TWI and lean construction principles on solar projects from coast to coast McCarthy is overcoming the biggest challenge faced by the construction industry today and successfully training its solar workforce.

McCarthy's Solar Projects

“We’re pleased to complete our first solar project with Greenbacker, successfully adding to their solar portfolio and clean energy solutions in California,” said Scott Canada, senior vice president of the Renewable Energy team at McCarthy Building Companies. “Working with a local labor workforce that we were able to successfully train, our Renewable Energy team was able to complete the project on budget and early allowing for it to be commissioned a month ahead of schedule.”

Since 2013, McCarthy’s Renewable Energy Team has completed or is in the process of constructing more than 30 utility-scale clean energy projects in communities from coast to coast, a combined capacity of more than 1.3 Gigawatts (GW) of clean energy production. McCarthy earned a 5th place ranking for Top 10 Solar EPCs in the U.S. by Solar Power World's 2018 Top Solar Contractors

About McCarthy Building Companies

McCarthy Building Companies, Inc. is the oldest privately held national construction company in the country – with more than 150 years spent collaborating with partners to solve complex building challenges on behalf of its clients. With an unrelenting focus on safety and a comprehensive quality program that span all phases of every project, McCarthy utilizes industry-leading design phase and construction techniques combined with value-add technology to maximize outcomes. Repeatedly honored as a Best Place to Work and Healthiest Employer, McCarthy is ranked the 14th largest domestic general contractor (Engineering News-Record, May 2018). With approximately 3,700 salaried employees and craft professionals, the firm has offices in St. Louis, Atlanta; Collinsville, Ill.; Portage, Ind.; Kansas City, Kan.; Omaha, Neb.; Phoenix; Las Vegas; Denver; Dallas, Houston; and San Diego, Newport Beach, San Francisco, San Jose and Sacramento, Calif. McCarthy is 100 percent employee-owned. More information about the company is available online at www.mccarthy.com or by following the company on Facebook, Twitter, LinkedIn, Instagram and Google+.

About Greenbacker Renewable Energy Company

Greenbacker Renewable Energy Company is a public, non-traded limited liability company that owns and operates a diversified portfolio of income-producing renewable energy power plants, energy efficiency projects and other sustainable investments.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. The Company undertakes no obligation to update any forward-looking statement contained herein to conform to actual results or changes in the Company‘s expectations.

Sign up to receive McCarthy Insights