Greenbacker Renewable Energy 10-K 31 Mar 23 2022 FY Annual report Financial data

Cover

Cover - shares	12 Months Ended
	Dec. 31, 2022	Mar. 01, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	000-55610
Entity Registrant Name	GREENBACKER RENEWABLE ENERGY COMPANY LLC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	80-0872648
Entity Address, Address Line One	230 Park Avenue
Entity Address, Address Line Two	Suite 1560
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10169
City Area Code	646
Local Phone Number	720-9463
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		198,482,500
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE The Registrant intends to file a definitive proxy statement pursuant to Regulation 14A within 120 days after the end of the year ended December 31, 2022 (the “2023 Proxy Statement”). Portions of the Registrant’s 2023 Proxy Statement to be filed pursuant to Regulation 14A are incorporated herein by reference into Part III of this Form 10-K.
Entity Central Index Key	0001563922
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Location	New York, New York
Auditor Name	KPMG LLP
Auditor Firm ID	185

Consolidated Balance Sheet

Consolidated Balance Sheet	Dec. 31, 2022 USD ($)
Current assets:
Cash and cash equivalents	$ 143,223,982
Restricted cash	47,474,110
Accounts receivable	20,440,153
Derivative assets, current	24,446,790
Notes receivable, current	59,106,434
Other current assets	29,624,295
Total current assets	324,315,764
Noncurrent assets:
Property, plant and equipment, net	1,889,705,529
Intangible assets, net	540,620,964
Goodwill	221,313,776
Investments, at fair value	92,554,266
Derivative assets	171,392,726
Other noncurrent assets	147,339,466
Total noncurrent assets	3,062,926,727
Total assets	3,387,242,491
Current liabilities:
Accounts payable and accrued expenses	50,701,644
Shareholder distributions payable	9,670,283
Contingent consideration, current	25,891,317
Current portion of long-term debt	95,869,554
Redemptions payable	32,198,102
Other current liabilities	10,861,131
Total current liabilities	225,192,031
Noncurrent liabilities:
Long-term debt, net of current portion	850,760,441
Contingent consideration	75,700,000
Deferred tax liabilities, net	85,654,803
Operating lease liabilities	101,281,144
Out-of-market contracts, net	218,112,321
Other noncurrent liabilities	39,825,898
Total noncurrent liabilities	1,371,334,607
Total liabilities	1,596,526,638
Commitments and contingencies (Note 13. Commitments and Contingencies)
Redeemable noncontrolling interests	2,034,000
Equity:
Preferred shares, par value, $0.001 per share, 50,000,000 authorized; none issued and outstanding	0
Common shares, par value, $0.001 per share, 350,000,000 authorized, 198,044,410 outstanding	198,044
Additional paid-in capital	1,763,061,377
Accumulated deficit	(114,679,721)
Accumulated other comprehensive income	56,094,242
Noncontrolling interests	84,007,911
Total equity	1,788,681,853
Total liabilities and equity	$ 3,387,242,491

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - $ / shares	Dec. 31, 2022	May 18, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred shares, par value (in dollars per share)	$ 0.001		$ 0.001
Preferred shares, shares authorized (in shares)	50,000,000		50,000,000
Preferred shares, shares issued (in shares)	0		0
Preferred shares, shares outstanding (in shares)	0		0
Common shares, par value (in dollars per share)	$ 0.001		$ 0.001
Common shares, shares authorized (in shares)	350,000,000		350,000,000
Common shares, shares outstanding (in shares)	198,044,410	177,455,448	165,387,519

Consolidated Statement of Opera

Consolidated Statement of Operations	7 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares
Revenue
Total revenue	$ 100,491,122
Operating expenses
Direct operating costs	55,888,695
General and administrative	45,442,346
Depreciation, amortization and accretion	39,149,236
Total operating expenses	140,480,277
Operating loss	(39,989,155)
Interest expense, net	(15,889,125)
Realized loss on interest rate swaps, net	(1,322,219)
Unrealized loss on interest rate swaps, net	(249,150)
Unrealized gain on investments, net	398,479
Other expense, net	(107,890)
Net loss before income taxes	(57,159,060)
Provision for income taxes	(3,005,119)
Net loss	(60,164,179)
Net loss attributable to noncontrolling interests	(59,439,202)
Net loss attributable to Greenbacker Renewable Energy Company LLC	$ (724,977)
Earnings per share
Basic (in dollars per share) | $ / shares	$ 0
Weighted average shares outstanding
Basic (in shares) | shares	201,667,520
Energy revenue
Revenue
Total revenue	$ 101,595,947
Investment Management revenue
Revenue
Total revenue	1,918,911
Other revenue
Revenue
Total revenue	7,505,530
Contract amortization, net
Revenue
Total revenue	$ (10,529,266)

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income (Loss)	7 Months Ended
	Dec. 31, 2022 USD ($)
Statement of Comprehensive Income [Abstract]
Net loss	$ (60,164,179)
Other comprehensive income, net of tax:
Unrealized gain on derivatives designated as cash flow hedges, net of tax	56,094,242
Total other comprehensive income, net of tax	56,094,242
Comprehensive loss	(4,069,937)
Less: Comprehensive loss attributable to noncontrolling interests	(59,439,202)
Comprehensive income attributable to Greenbacker Renewable Energy Company LLC	$ 55,369,265

Consolidated Statement of Redee

Consolidated Statement of Redeemable Noncontrolling Interests and Equity - USD ($)	Total	GDEV	GDEV GP	Common Stock	Additional paid-in capital	Accumulated deficit	Accumulated other comprehensive income	Noncontrolling interests	Noncontrolling interests GDEV	Noncontrolling interests GDEV GP
Redeemable noncontrolling interests, ending balance at May. 18, 2022	$ 2,034,000
Beginning balance (in shares) at Dec. 31, 2021	165,387,519
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares under distribution reinvestment plan (in shares)	863,276			863,276
Issuance of common shares under distribution reinvestment plan	$ 7,486,732			$ 863	$ 7,485,869
Repurchases of common shares (in shares)	(720,146)			(720,146)
Repurchases of common shares	$ (6,262,493)			$ (720)	(6,261,773)
Net loss	$ 30,778,458
Ending balance (in shares) at May. 18, 2022	177,455,448			177,455,448
Total equity, ending balance at May. 18, 2022	$ 1,616,519,622			$ 177,455	1,574,042,087	$ (30,479,634)	$ 0	$ 72,779,714
Redeemable noncontrolling interests, ending balance at Dec. 31, 2022	2,034,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Consolidation		$ 45,445,898	$ 533,315						$ 45,445,898	$ 533,315
Deconsolidation of Greenbacker Development Opportunities Fund I, LP	$ (66,193,328)					21,969		(66,215,297)
Issuance of common shares as consideration transferred for Acquisition (in shares)	24,393,025			24,393,025
Issuance of common shares as consideration transferred for Acquisition	$ 214,926,939			$ 24,393	214,902,546
Issuance of common shares under distribution reinvestment plan (in shares)	1,790,050			1,790,050
Issuance of common shares under distribution reinvestment plan	$ 15,646,339			$ 1,790	15,644,549
Repurchases of common shares (in shares)	(5,614,980)			(5,614,980)
Repurchases of common shares	$ (49,405,174)			$ (5,615)	(49,399,559)
Other capital activity (shares)				16,279
Other capital activity	1,098,718			$ 16	967,827	130,875
Deferred sales commissions	(8,755,340)					(8,755,340)
Shareholder distributions	(74,872,614)					(74,872,614)
Other comprehensive income	56,094,242						56,094,242
Contributions from noncontrolling interests, net	104,848,470							104,848,470
Distributions to noncontrolling interests	(13,944,987)							(13,944,987)
Shares-based compensation expense (in shares)				4,588
Share-based compensation expense	6,903,932			$ 5	6,903,927
Net loss	$ (60,164,179)					(724,977)		(59,439,202)
Ending balance (in shares) at Dec. 31, 2022	198,044,410			198,044,410
Total equity, ending balance at Dec. 31, 2022	$ 1,788,681,853			$ 198,044	$ 1,763,061,377	$ (114,679,721)	$ 56,094,242	$ 84,007,911

Consolidated Statement of Cash

Consolidated Statement of Cash Flows	7 Months Ended
	Dec. 31, 2022 USD ($)
Cash Flows from Operating Activities
Net loss	$ (60,164,179)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, amortization and accretion	49,678,502
Provision for doubtful accounts	181,698
Share-based compensation expense	6,903,927
Changes in fair value of contingent consideration	2,100,000
Amortization of financing costs and debt discounts	2,476,373
Amortization of interest rate swap contracts into net loss	3,280,384
Realized gain on sale of investment in GDEV	(286,637)
Unrealized gain on investments	(398,479)
Provision for income taxes	3,005,119
Change in the carrying amount of ROU assets	1,658,593
Changes in operating assets and liabilities:
Accounts receivable	7,641,112
Other current and noncurrent assets	(5,208,892)
Accounts payable and accrued expenses	(2,723,285)
Operating lease liabilities	31,827
Other current and noncurrent liabilities	3,518,630
Net cash (used in) operating activities	11,694,693
Cash Flows from Investing Activities
Purchases of property, plant and equipment	(393,257,250)
Deposits paid for property, plant and equipment	(16,449,780)
Purchases of investments	(34,801,034)
Loans made to other parties	(48,237,785)
Receipts from loans made to other parties	17,466,949
Cash acquired from Acquisition and consolidation of GDEV, net	1,714,463
Proceeds from sale of investment in and deconsolidation of GDEV	5,467,061
Net cash used in investing activities	(468,097,376)
Cash Flows from Financing Activities
Shareholder distributions	(51,524,858)
Return of collateral paid for swap contract	11,827,000
Repurchases of common shares	(17,207,072)
Other capital activity	1,143,680
Deferred sales commissions	(1,851,886)
Contributions from noncontrolling interests	104,549,810
Distributions to noncontrolling interests	(11,150,952)
Proceeds from borrowings	499,654,015
Payments on borrowings	(81,620,812)
Payments for loan origination costs	(12,167,467)
Net cash provided by financing activities	441,651,458
Net (decrease) increase in cash and cash equivalents	(14,751,225)
Cash, cash equivalents and Restricted cash at beginning of Period	108,062,479
Cash, cash equivalents and Restricted cash at end of period	190,698,092
Supplemental Disclosures
Interest paid, net of amounts capitalized	12,987,837
Non-cash investing and financing activities
Deferred sales commission payable	10,973,113
Capital expenditures incurred but not paid	24,283,948
Non-cash distributions to noncontrolling interests	$ 2,794,035

Consolidated Statement of Asset

Consolidated Statement of Assets and Liabilities	Dec. 31, 2021 USD ($)
Assets
Investments at Fair Value	$ 1,435,742,001
Cash and cash equivalents	92,179,779
Restricted cash	29,683,613
Shareholder contribution receivable	2,052,750
Dividend receivable	10,481,202
Investment sales receivable	69,994
Return of capital receivable	654,622
Other current assets	11,695,159	[1]
Total assets	1,582,559,120
Liabilities
Swap contracts, at fair value	7,501,983
Deferred tax liabilities, net of allowance	26,707,096
Payable for investments purchased	420,594
Term note payable, net of financing costs	79,413,622
Management fee payable	2,271,687
Performance participation fee payable	3,359,269
Accounts payable and accrued expenses	2,915,210
Due to GCM	607,610
Shareholder distributions payable	7,930,813
Payable for repurchases of common shares	7,493,978
Deferred sales commission payable	4,626,626
Total liabilities	143,248,488
Commitments and contingencies (Note 10. Commitments and Contingencies)
Members' Equity (Net Assets)
Preferred shares, par value, $.001 per share, 50,000,000 authorized; none issued and outstanding	0
Common shares, par value, $.001 per share, 350,000,000 authorized; 165,387,519 shares issued and outstanding	165,388
Paid-in capital in excess of par value	1,468,107,899
Accumulated (losses)	(28,962,655)	[2]
Total members’ equity	1,439,310,632
Total liabilities and equity	1,582,559,120
Net assets	1,439,310,632
Investments in Money Market Funds
Assets
Investments at Fair Value	67,392,443
Class A shares
Members' Equity (Net Assets)
Total members’ equity	137,994,947
Net assets	137,994,947
Class C shares
Members' Equity (Net Assets)
Total members’ equity	22,290,310
Net assets	22,290,310
Class I shares
Members' Equity (Net Assets)
Total members’ equity	53,665,823
Net assets	53,665,823
Class P-A shares
Members' Equity (Net Assets)
Total members’ equity	6,721,670
Net assets	6,721,670
Class P-D shares
Members' Equity (Net Assets)
Total members’ equity	1,747,603
Net assets	1,747,603
Class P-I shares
Members' Equity (Net Assets)
Total members’ equity	810,046,418
Net assets	810,046,418
Class P-S shares
Members' Equity (Net Assets)
Total members’ equity	404,803,246
Net assets	404,803,246
Class P-T shares
Members' Equity (Net Assets)
Total members’ equity	2,040,615
Net assets	2,040,615
Affiliated Entity
Assets
Investments at Fair Value	1,335,063,419
Total Investments in non-controlled/non-affiliated portfolios
Assets
Investments at Fair Value	$ 33,286,139
[1]As of December 31, 2021, Other assets includes $5.0 million of cash collateral associated with a derivative instrument.[2]Accumulated deficit, accumulated net realized gain on investments, and accumulated unrealized appreciation (depreciation) on investments, net of deferred taxes, foreign currency translation, and swap contracts are included in accumulated gains (losses).

Consolidated Statement of Ass_2

Consolidated Statement of Assets and Liabilities (Parenthetical)	Dec. 31, 2021 USD ($) $ / shares shares
Investments at Cost | $	$ 1,292,072,217
Preferred shares, par value (in dollars per share) | $ / shares	$ 0.001
Preferred shares, shares authorized (in shares)	50,000,000
Preferred shares, shares issued (in shares)	0
Preferred shares, shares outstanding (in shares)	0
Common shares, par value (in dollars per share) | $ / shares	$ 0.001
Common shares, shares authorized (in shares)	350,000,000
Common Stock, share issued (in shares)	165,387,519
Common shares, shares outstanding (in shares)	165,387,519
Cash collateral associated with derivative instrument included in other assets | $	$ 5,000,000
Investments in Money Market Funds
Investments at Cost | $	$ 67,392,443
Class A shares
Common shares, shares outstanding (in shares)	16,580,558
Class C shares
Common shares, shares outstanding (in shares)	2,741,963
Class I shares
Common shares, shares outstanding (in shares)	6,449,493
Class P-A shares
Common shares, shares outstanding (in shares)	783,593
Class P-D shares
Common shares, shares outstanding (in shares)	198,548
Class P-I shares
Common shares, shares outstanding (in shares)	92,069,013
Class P-S shares
Common shares, shares outstanding (in shares)	46,324,757
Class P-T shares
Common shares, shares outstanding (in shares)	239,594
Affiliated Entity
Investments at Cost | $	$ 1,191,393,635
Total Investments in non-controlled/non-affiliated portfolios
Investments at Cost | $	$ 33,286,139

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)		5 Months Ended	12 Months Ended
		May 18, 2022	Dec. 31, 2021
Investment income from controlled, affiliated investments:
Dividend income		$ 12,547,447	$ 28,631,462
Interest income		0	0
Total investment income from controlled, affiliated investments		12,547,447	28,631,462
Investment income from non-controlled, non-affiliated investments:
Interest income		1,279,349	3,919,675
Total investment income		13,826,796	32,551,137
Operating expenses:
Management fee expense		10,661,560	21,940,099
Audit and tax expense		906,679	1,812,189
Interest and financing expenses		1,313,882	2,988,749
General and administration expenses		205,718	658,439
Performance participation fee		384,065	4,672,078
Legal expenses		3,040,571	535,759
Directors fees and expenses		568,489	432,860
Transfer agent expense		301,362	701,321
Other professional fees expenses		2,531,932	2,696,668
Administrator expenses		2,155,303	0
Other expenses	[1]	957,177	2,346,598
Total expenses		23,026,738	38,784,760
Net investment loss before taxes		(9,199,942)	(6,233,623)
(Benefit from) income taxes		(4,315,392)	(9,050,004)
Franchise tax expense		0	160,572
Net investment (loss) income		(4,884,550)	2,655,809
Net change in realized and unrealized gain (loss) on investments, foreign currency translation and deferred tax assets:
Net realized loss on investments		(1,688)	(29,182)
Net change in unrealized appreciation (depreciation) on:
Investments		13,647,821	56,023,470
Foreign currency translation		(26,172)	10,727
Swap contracts		35,266,332	2,248,926
(Provision for) income taxes on realized and unrealized gain (loss) on investments, foreign currency translation and swap contracts		(13,223,285)	(17,888,961)
Net increase in net assets attributed to members' equity		$ 30,778,458	$ 43,020,789
Common share per share information —basic and diluted:
Net investment (loss) income, basic (in dollars per share)		$ (0.03)	$ 0.02
Net investment (loss) income, diluted (in dollars per share)		(0.03)	0.02
Net increase in net assets attributed to members' equity (in dollars per share)		$ 0.18	$ 0.34
Weighted average common shares outstanding, basic (in shares)		174,129,549	126,458,860
Weighted average common shares outstanding, diluted (in shares)		174,129,549	126,458,860
[1]For the period from January 1, 2022 through May 18, 2022, Other expenses includes $0.7 million of net realized losses on swap contracts. For the year ended December 31, 2021, Other expenses includes $2.0 million of net realized losses on swap contracts.

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	5 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2021
Swap [Member]
Net realized losses on swap contracts	$ 0.7	$ 2

Consolidated Statements of Chan

Consolidated Statements of Changes in Net Assets - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	165,387,519	177,455,448	62,870,347
Beginning balance	$ 1,439,310,632	$ 1,543,739,908	$ 555,551,859
Proceeds from issuance of common shares, net (in shares)	11,924,799		103,638,424
Proceeds from issuance of common shares, net	$ 104,951,612		$ 928,286,442
Issuance of common shares under distribution reinvestment plan (in shares)	863,276	1,790,050	1,418,253
Issuance of common shares under distribution reinvestment plan	$ 7,486,732	$ 15,646,339	$ 12,290,976
Repurchases of common shares (in shares)	(720,146)	(5,614,980)	(2,538,197)
Repurchases of common shares	$ (6,262,493)	$ (49,405,174)	$ (22,204,454)
Proceeds from shares transferred (in shares)		1,580	(1,308)
Offering costs	(229,596)		$ (1,058,658)
Deferred sales commissions	(92,597)		(5,461,652)
Shareholder distributions	(32,202,840)		(71,114,670)
Net investment income (loss)	(4,884,550)		2,655,809
Net realized loss on investments	(1,688)		(29,182)
Net change in unrealized appreciation on investments	13,647,821		56,023,470
Net change in unrealized appreciation (depreciation) on foreign currency translation	(26,172)		10,727
Net change in unrealized appreciation (depreciation) on swap contracts	35,266,332		2,248,926
(Provision for) benefit from income taxes on realized and unrealized gain (loss) on investments, foreign currency translation and swap contracts	$ (13,223,285)		$ (17,888,961)
Ending balance (in shares)	177,455,448		165,387,519
Ending balance	$ 1,543,739,908		$ 1,439,310,632
Common stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	165,387,519	177,455,448	62,870,347
Beginning balance	$ 165,388	$ 177,455	$ 62,870
Proceeds from issuance of common shares, net (in shares)	11,924,799		103,638,424
Proceeds from issuance of common shares, net	$ 11,924		$ 103,638
Issuance of common shares under distribution reinvestment plan (in shares)	863,276	1,790,050	1,418,253
Issuance of common shares under distribution reinvestment plan	$ 863	$ 1,790	$ 1,418
Repurchases of common shares (in shares)	(720,146)	(5,614,980)	(2,538,197)
Repurchases of common shares	$ (720)	$ (5,615)	$ (2,538)
Proceeds from shares transferred (in shares)			(1,308)
Ending balance (in shares)	177,455,448		165,387,519
Ending balance	$ 177,455		$ 165,388
Paid-in capital in excess of par value
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	1,468,107,899	1,574,042,087	550,896,111
Proceeds from issuance of common shares, net	104,939,688		928,182,804
Issuance of common shares under distribution reinvestment plan	7,485,869	15,644,549	12,289,558
Repurchases of common shares	(6,261,773)	(49,399,559)	(22,201,916)
Offering costs	(229,596)		(1,058,658)
Ending balance	1,574,042,087		1,468,107,899
Accumulated deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(134,628,568)	(171,808,555)	(60,708,055)
Deferred sales commissions	(92,597)		(5,461,652)
Shareholder distributions	(32,202,840)		(71,114,670)
Net investment income (loss)	(4,884,550)		2,655,809
Ending balance	(171,808,555)		(134,628,568)
Accumulated net realized gain on investments
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	18,112,450	18,110,762	18,141,632
Net realized loss on investments	(1,688)		(29,182)
Ending balance	18,110,762		18,112,450
Accumulated unrealized appreciation (depreciation) on investments, net of deferred taxes
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	93,893,884	94,318,420	55,759,375
Net change in unrealized appreciation on investments	13,647,821		56,023,470
(Provision for) benefit from income taxes on realized and unrealized gain (loss) on investments, foreign currency translation and swap contracts	(13,223,285)		(17,888,961)
Ending balance	94,318,420		93,893,884
Accumulated unrealized appreciation (depreciation) on foreign currency translation
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(98,244)	(124,416)	(108,971)
Net change in unrealized appreciation (depreciation) on foreign currency translation	(26,172)		10,727
Ending balance	(124,416)		(98,244)
Accumulated unrealized appreciation (depreciation) on swap contracts
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(6,242,177)	$ 29,024,155	(8,491,103)
Net change in unrealized appreciation (depreciation) on swap contracts	35,266,332		2,248,926
Ending balance	$ 29,024,155		$ (6,242,177)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows	5 Months Ended	12 Months Ended
	May 18, 2022 USD ($)	Dec. 31, 2021 USD ($)
Operating activities:
Net increase in net assets from operations	$ 30,778,458	$ 43,020,789
Adjustments to reconcile net increase in net assets from operations to net cash provided by (used in) operating activities:
Amortization of deferred financing costs	520,183	905,959
Gross funding of new or existing investments	(339,424,218)	(1,113,729,511)
Return of capital	210,519,840	440,266,245
Proceeds from principal payments and sales of investments	12,325,274	9,928,720
Sales (purchases) of money market funds, net	52,101,113	(56,219,716)
Net realized loss on investments	1,688	29,182
Net change in unrealized (appreciation) on investments	(13,647,821)	(56,023,470)
Net change in unrealized depreciation (appreciation) on foreign currency translation	26,172	(10,727)
Net change in unrealized (appreciation) on swap contracts	(35,266,332)	(2,248,926)
Deferred tax expense	8,907,893	8,838,958
(Increase) decrease in other assets:
Receivable for investments sold	69,994	4,689,190
Receivable for return of capital	(498,282)	1,505,140
Dividend receivable	(1,319,990)	(3,299,573)
Other assets	821,032	(8,496,287)
Increase (decrease) in other liabilities:
Payable for investments purchased	324,115	(4,030,976)
Management fee payable	(861,491)	1,216,087
Performance participation fee payable	(2,974,704)	(180,783)
Accounts payable and accrued expenses	5,931,893	2,324,806
Net cash (used in) operating activities	(71,665,183)	(731,514,893)
Financing activities:
Paydowns on credit facility and term note	(1,266,578)	(7,993,991)
Proceeds from issuance of common shares, net	105,248,439	933,869,472
Distributions paid	(30,891,000)	(55,097,266)
Offering costs	(809,401)	(452,799)
Deferred sales commission	(660,719)	(966,901)
Repurchases of common shares	(13,756,471)	(20,656,066)
Net cash provided by financing activities	57,864,270	848,702,449
Net (decrease) increase in cash and cash equivalents	(13,800,913)	117,187,556
Cash, cash equivalents and Restricted cash at beginning of Period	121,863,392	4,675,836
Cash, cash equivalents and Restricted cash at end of period	108,062,479	121,863,392
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	72,110,606	92,179,779
Restricted cash	35,951,873	29,683,613
Total cash, cash equivalents and restricted cash	108,062,479	121,863,392
Supplemental disclosure of cash flow information:
Cash interest paid during the period	532,081	1,659,715
Shareholder contribution receivable from sale of common shares	0	2,052,750
Due to GCM for offering costs	27,805	607,610
Deferred sales commission payable	$ 4,058,504	$ 4,626,626

Consolidated Schedule of Invest

Consolidated Schedule of Investments	Dec. 31, 2021 USD ($)
Cost	$ 1,292,072,217
Fair Value	1,435,742,001
Liabilities in excess of other assets other than investments	$ 3,568,631
Liabilities in excess of other assets other than investments (in percentage)	0.50%	[1]
Net assets	$ 1,439,310,632
Fair Value Percentage of Total Portfolio	100%	[1]
Total members' equity (net assets)	$ 1,439,310,632
TOTAL INVESTMENTS
Cost	1,292,072,217
Fair Value	$ 1,435,742,001
Fair Value Percentage of Total Portfolio	99.50%	[1]
Affiliated Entity
Cost	$ 1,191,393,635
Fair Value	1,335,063,419
Total Investments in non-controlled/non-affiliated portfolios
Cost	33,286,139
Fair Value	33,286,139
Battery storage systems
Cost	11,288,841
Fair Value	$ 10,747,811
Fair Value Percentage of Total Portfolio	0.70%
Battery storage systems | Pacifica Portfolio
Cost	$ 11,288,841
Fair Value	10,747,811
Biomass
Cost	24,533,222
Fair Value	$ 17,184,912
Fair Value Percentage of Total Portfolio	1.20%
Biomass | Eagle Valley Biomass Portfolio
Cost	$ 24,533,222
Fair Value	17,184,912
Wind
Cost	321,509,864
Fair Value	$ 340,034,522
Fair Value Percentage of Total Portfolio	23.70%
Wind | Sego Lily - Wind Portfolio
Cost	$ 117,410,390
Fair Value	140,965,616
Wind | Greenbacker Wind - HoldCo Portfolio
Cost	84,674,188
Fair Value	78,025,844
Wind | Other Wind Investments Portfolios
Cost	56,638,076
Fair Value	58,770,864
Other Investments
Cost	35,034,396
Fair Value	$ 35,243,259
Fair Value Percentage of Total Portfolio	2.50%
Other Investments | Other Portfolios
Cost	$ 35,034,396
Fair Value	35,243,259
Limited Liability Company Member Interests in the United States- Not readily marketable | Affiliated Entity
Cost	1,191,393,635
Fair Value	$ 1,335,063,419
Fair Value Percentage of Total Portfolio	92.50%	[1]
Limited Liability Company Member Interests in the United States- Not readily marketable | Battery storage systems | Affiliated Entity
Cost	$ 11,288,841
Fair Value	$ 10,747,811
Fair Value Percentage of Total Portfolio	0.70%	[1]
Limited Liability Company Member Interests in the United States- Not readily marketable | Battery storage systems | Pacifica Portfolio | Affiliated Entity
Shares or Principal Amount (in percentage)	100%	[2]
Cost	$ 11,288,841	[2]
Fair Value	$ 10,747,811	[2]
Fair Value Percentage of Total Portfolio	0.70%	[1],[2]
Limited Liability Company Member Interests in the United States- Not readily marketable | Biomass | Affiliated Entity
Cost	$ 24,533,222
Fair Value	$ 17,184,912
Fair Value Percentage of Total Portfolio	1.20%	[1]
Limited Liability Company Member Interests in the United States- Not readily marketable | Biomass | Eagle Valley Biomass Portfolio | Affiliated Entity
Shares or Principal Amount (in percentage)	100%
Cost	$ 24,533,222
Fair Value	$ 17,184,912
Fair Value Percentage of Total Portfolio	1.20%	[1]
Limited Liability Company Member Interests in the United States- Not readily marketable | Commercial Solar | Affiliated Entity
Cost	$ 798,358,576
Fair Value	$ 931,167,131
Fair Value Percentage of Total Portfolio	64.60%	[1]
Limited Liability Company Member Interests in the United States- Not readily marketable | Commercial Solar | Celadon Portfolio | Affiliated Entity
Shares or Principal Amount (in percentage)	100%	[2]
Cost	$ 165,129,450	[2]
Fair Value	$ 187,410,880	[2]
Fair Value Percentage of Total Portfolio	13%	[1],[2]
Limited Liability Company Member Interests in the United States- Not readily marketable | Commercial Solar | GEH Portfolio | Affiliated Entity
Shares or Principal Amount (in percentage)	100%	[2]
Cost	$ 150,463,205	[2]
Fair Value	$ 157,925,117	[2]
Fair Value Percentage of Total Portfolio	11%	[1],[2]
Limited Liability Company Member Interests in the United States- Not readily marketable | Commercial Solar | Ponderosa Portfolio | Affiliated Entity
Shares or Principal Amount (in percentage)	100%	[2]
Cost	$ 49,514,975	[2]
Fair Value	$ 59,577,751	[2]
Fair Value Percentage of Total Portfolio	4.10%	[1],[2]
Limited Liability Company Member Interests in the United States- Not readily marketable | Commercial Solar | Sego Lily - Solar Portfolio | Affiliated Entity
Shares or Principal Amount (in percentage)	100%	[2]
Cost	$ 107,621,275	[2]
Fair Value	$ 122,272,431	[2]
Fair Value Percentage of Total Portfolio	8.50%	[1],[2]
Limited Liability Company Member Interests in the United States- Not readily marketable | Commercial Solar | Trillium Portfolio | Affiliated Entity
Cost	$ 74,764,309
Fair Value	$ 101,432,185
Fair Value Percentage of Total Portfolio	7%	[1]
Limited Liability Company Member Interests in the United States- Not readily marketable | Commercial Solar | Other Commercial Solar Portfolios | Affiliated Entity
Shares or Principal Amount (in percentage)	100%	[2],[3]
Cost	$ 250,865,362	[2],[3]
Fair Value	$ 302,548,767	[2],[3]
Fair Value Percentage of Total Portfolio	21%	[1],[2],[3]
Limited Liability Company Member Interests in the United States- Not readily marketable | Wind | Affiliated Entity
Cost	$ 321,509,864
Fair Value	$ 340,034,522
Fair Value Percentage of Total Portfolio	23.60%	[1]
Limited Liability Company Member Interests in the United States- Not readily marketable | Wind | Sego Lily - Wind Portfolio | Affiliated Entity
Cost	$ 117,410,390
Fair Value	$ 140,965,616
Fair Value Percentage of Total Portfolio	9.80%	[1]
Limited Liability Company Member Interests in the United States- Not readily marketable | Wind | Greenbacker Wind Holdings II Portfolio | Affiliated Entity
Shares or Principal Amount (in percentage)	100%
Cost	$ 62,787,210
Fair Value	$ 62,272,198
Fair Value Percentage of Total Portfolio	4.30%	[1]
Limited Liability Company Member Interests in the United States- Not readily marketable | Wind | Greenbacker Wind - HoldCo Portfolio | Affiliated Entity
Shares or Principal Amount (in percentage)	100%
Cost	$ 84,674,188
Fair Value	$ 78,025,844
Fair Value Percentage of Total Portfolio	5.40%	[1]
Limited Liability Company Member Interests in the United States- Not readily marketable | Wind | Other Wind Investments Portfolios | Affiliated Entity
Shares or Principal Amount (in percentage)	100%
Cost	$ 56,638,076
Fair Value	$ 58,770,864
Fair Value Percentage of Total Portfolio	4.10%	[1]
Limited Liability Company Member Interests in the United States- Not readily marketable | Other Investments | Affiliated Entity
Cost	$ 35,034,396
Fair Value	$ 35,243,259
Fair Value Percentage of Total Portfolio	2.40%	[1]
Limited Liability Company Member Interests in the United States- Not readily marketable | Other Investments | Other Portfolios | Affiliated Entity
Cost	$ 35,034,396	[4]
Fair Value	$ 35,243,259	[4]
Fair Value Percentage of Total Portfolio	2.40%	[1],[4]
Limited Liability Company Member Interests in the United States- Not readily marketable | Energy Efficiency | Affiliated Entity
Cost	$ 668,736
Fair Value	$ 685,784
Fair Value Percentage of Total Portfolio	0%	[1]
Limited Liability Company Member Interests in the United States- Not readily marketable | Energy Efficiency | Other Energy Efficiency Portfolios | Affiliated Entity
Cost	$ 668,736	[5]
Fair Value	$ 685,784	[5]
Fair Value Percentage of Total Portfolio	0%	[1],[5]
Secured Loans - Not readily marketable | Total Investments in non-controlled/non-affiliated portfolios
Cost	$ 33,286,139
Fair Value	$ 33,286,139
Fair Value Percentage of Total Portfolio	2.20%	[1]
Secured Loans - Not readily marketable | Chaberton Loan | Total Investments in non-controlled/non-affiliated portfolios
Interest	8%
Shares or Principal Amount	$ 2,247,962
Cost	2,247,962
Fair Value	$ 2,247,962
Fair Value Percentage of Total Portfolio	0.20%	[1]
Secured Loans - Not readily marketable | Encore Loan | Total Investments in non-controlled/non-affiliated portfolios
Interest	10%
Shares or Principal Amount	$ 3,058,527
Cost	3,058,527
Fair Value	$ 3,058,527
Fair Value Percentage of Total Portfolio	0.20%	[1]
Secured Loans - Not readily marketable | Hudson Loan | Total Investments in non-controlled/non-affiliated portfolios
Interest	8%
Shares or Principal Amount	$ 4,984,650
Cost	4,984,650
Fair Value	$ 4,984,650
Fair Value Percentage of Total Portfolio	0.30%	[1]
Secured Loans - Not readily marketable | Hudson II Loan | Total Investments in non-controlled/non-affiliated portfolios
Interest	8%
Shares or Principal Amount	$ 4,227,098
Cost	4,227,098
Fair Value	$ 4,227,098
Fair Value Percentage of Total Portfolio	0.30%	[1]
Secured Loans - Not readily marketable | New Market | Total Investments in non-controlled/non-affiliated portfolios
Interest	9%
Shares or Principal Amount	$ 5,008,070
Cost	5,008,070
Fair Value	$ 5,008,070
Fair Value Percentage of Total Portfolio	0.30%	[1]
Secured Loans - Not readily marketable | Shepherds Run | Total Investments in non-controlled/non-affiliated portfolios
Interest	8%
Shares or Principal Amount	$ 8,751,528
Cost	8,751,528
Fair Value	$ 8,751,528
Fair Value Percentage of Total Portfolio	0.60%	[1]
Secured Loans - Not readily marketable | SE Solar Loan | Total Investments in non-controlled/non-affiliated portfolios
Interest	9%
Shares or Principal Amount	$ 5,008,304
Cost	5,008,304
Fair Value	$ 5,008,304
Fair Value Percentage of Total Portfolio	0.30%	[1]
Investments in Money Market Funds
Cost	$ 67,392,443
Fair Value	$ 67,392,443
Fair Value Percentage of Total Portfolio	4.80%	[1]
Investments in Money Market Funds | Allspring Treasury Plus Money Market Fund - Institutional Class
Shares or Principal Amount	$ 16,823,110
Cost	16,823,110
Fair Value	$ 16,823,110
Fair Value Percentage of Total Portfolio	1.20%	[1]
Investments in Money Market Funds | Fidelity Government Portfolio - Class I
Shares or Principal Amount	$ 16,873,111
Cost	16,873,111
Fair Value	$ 16,873,111
Fair Value Percentage of Total Portfolio	1.20%	[1]
Investments in Money Market Funds | First American Government Obligations Fund - Class X
Shares or Principal Amount	$ 16,823,111
Cost	16,823,111
Fair Value	$ 16,823,111
Fair Value Percentage of Total Portfolio	1.20%	[1]
Investments in Money Market Funds | First American Government Obligations Fund - Class Z
Shares or Principal Amount	$ 50,000
Cost	50,000
Fair Value	$ 50,000
Fair Value Percentage of Total Portfolio	0%	[1]
Investments in Money Market Funds | JP Morgan US Government Money Market Fund - Class L
Shares or Principal Amount	$ 16,823,111
Cost	16,823,111
Fair Value	$ 16,823,111
Fair Value Percentage of Total Portfolio	1.20%	[1]
[1]Percentages are based on net assets of $1,439,310,632 as of December 31, 2021.[2]Includes assets that have not reached COD.[3]Includes the Canadian Northern Lights assets, which are located outside of the United States of America and are a Capital Stock investment.[4]Includes pre-acquisition and due diligence expenses[5]Includes capital leases and secured loans.

Consolidated Schedule of Inve_2

Consolidated Schedule of Investments - Interest Rate Swaps (Parenthetical)	Dec. 31, 2021 USD ($)
Fixed Pay Rate	1.60%
Notional Amount	$ 284,700,000
Interest rate swap contracts
Value	$ (7,501,983)
Interest rate swap contracts | Fifth Third Financial Risk Solutions Due 02/29/2032
Fixed Pay Rate	2.261%
Notional Amount	$ 15,406,096
Value	$ (767,195)
Interest rate swap contracts | Fifth Third Financial Risk Solutions Due 12/31/2038
Fixed Pay Rate	2.648%
Notional Amount	$ 26,207,255
Value	$ (1,899,786)
Interest rate swap contracts | Fifth Third Financial Risk Solutions (Second Categorization) Due 12/31/2038
Fixed Pay Rate	2.965%
Notional Amount	$ 3,607,242
Value	$ (378,543)
Interest rate swap contracts | Fifth Third Financial Risk Solutions Due 12/31/2034
Fixed Pay Rate	2.688%
Notional Amount	$ 31,616,866
Value	$ (2,294,124)
Interest rate swap contracts | Fifth Third Financial Risk Solutions Due 6/30/2040
Fixed Pay Rate	1.642%
Notional Amount	$ 5,314,050
Value	$ (106,475)
Interest rate swap contracts | Canadian Imperial Bank Of Commerce Due 6/30/2044
Fixed Pay Rate	1.604%
Notional Amount	$ 284,692,696
Value	$ (2,055,860)

Organization and Operations of

Organization and Operations of the Company	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Operations of the Company	Note 1. Organization and Operations of the Company Organization Greenbacker Renewable Energy Company LLC (the “Company”) is a Delaware limited liability company formed in December 2012. The Company is an energy transition, renewable energy and investment management company that acquires, constructs and operates renewable energy and energy efficiency projects, as well as finances the construction and/or operation of these and other sustainable development projects and businesses and provides through GCM investment management services to funds within the sustainable infrastructure and renewable energy industry. As of December 31, 2022, the Company’s fleet comprised 456 renewable energy projects with an aggregate power production capacity of approximately 3.1 GW when fully operational. As of December 31, 2022, GCM serves as the registered investment adviser of four funds in the sustainable and renewable energy industry. The Company conducts substantially all its operations through its wholly owned subsidiary, GREC. Until May 19, 2022, the Company was externally managed by GCM. As of and after May 19, 2022, the Company operates as a fully integrated and internally managed company after acquiring GCM and several other related entities, which are now wholly owned subsidiaries of GREC. The Company’s fiscal year-end is December 31. The Company previously conducted continuous public offerings of Class A, C, and I shares of limited liability company interests, along with Class A, C, and I shares pursuant to the Company’s DRP. The public offerings were initially commenced in August 2013 and terminated March 29, 2019, raising a total of $253.4 million. The Company also privately offered Class P-A, P-I, P-D, P-T and P-S shares. These private offerings were conducted between April 2016 and March 16, 2022, raising a total of $1.4 billion. The Company currently offers the DRP pursuant to which shareholders may elect to have the full amount of cash distributions reinvested in additional shares. The Company also offers the SRP pursuant to which quarterly share repurchases are conducted to allow shareholders to sell shares back to the Company. Management Internalization On May 19, 2022, the Company completed the Acquisition pursuant to which it acquired substantially all of the business and assets, including intellectual property and personnel of its external advisor, GCM, an investment management and energy transition, renewable energy, energy efficiency and sustainability-related project acquisition, consulting and development company that is registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), Greenbacker Administration and certain other affiliated companies. All of the acquired businesses and assets were immediately thereafter contributed by the Company to GREC. As a result of the Acquisition, the Company operates as a fully integrated and internally managed company with its own dedicated executive management team and other employees to manage its business and operations. The Company now operates with the capabilities of both an actively managed owner-operator of sustainable infrastructure and renewable energy businesses and as an active third-party investment manager of other funds within the sustainable infrastructure and renewable energy industry. Refer to Note 3. Acquisitions for additional discussion of the Acquisition. For a detailed description, refer to Note 1. Organization and Operations of the Company as included in the Notes to the Consolidated Financial Statements as included in the Non-Investment Basis section of Item 8 of this Annual Report. Prior to May 19, 2022, the LLC was externally managed and is an energy company that acquires, constructs and operates renewable energy and energy efficiency projects as well as finances the construction and/or operation of these and other sustainable development projects and businesses. The LLC conducts substantially all its operations through its wholly owned subsidiary, GREC. GREC is a Maryland corporation formed in November 2011, and the LLC currently holds all the outstanding shares of capital stock of GREC. GREC HoldCo, a wholly owned subsidiary of GREC, was formed in Delaware in June 2016. GREC Administration LLC and Danforth Shared Services LLC, both wholly owned subsidiaries of GREC, were formed in Delaware in January 2020 and May 2019, respectively. The consolidated financial results of the LLC have historically included the results of the LLC and its consolidated subsidiaries, GREC, GREC HoldCo, and GREC Administration LLC and Danforth Shared Services LLC, both of which provide administrative services to LLC and its subsidiaries. As of and prior to May 18, 2022, the use of “we”, “us”, and “our” refer, collectively to the LLC, GREC, GREC HoldCo, GREC Administration LLC, and Danforth Shared Services LLC, unless otherwise expressly stated or context otherwise requires. The LLC was externally managed and advised by GCM, a renewable energy, energy efficiency and sustainability-related project acquisition, consulting and development company that is registered as an investment adviser under the Advisers Act. GCM was acquired by the LLC as part of the Acquisition on May 19, 2022.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2. Significant Accounting Policies Basis of Presentation Since inception and prior to the Acquisition, the Company’s historical financial statements were prepared using the investment company basis of accounting in accordance with ASC 946. ASC 946, or Investment Basis requires that if there is a subsequent change in the purpose and design of an entity, the entity should reevaluate its status as an investment company. As a result of the Acquisition and other steps taken by the Company to transition the focus of the Company’s business from being an investor in clean energy projects to a diversified independent power producer coupled with an investment management business, the Company no longer exhibits the fundamental characteristics of, and no longer qualifies as, an investment company. The Company discontinued applying the guidance in ASC 946 and began to account for the change in status prospectively in accordance with Non-Investment Basis as of the date of the change in status, or May 19, 2022 (the closing date of the Acquisition). In accordance with ASC 946, the fair value of an investment at the date of the change in status shall be the investment's initial carrying amount on a Non-Investment Basis. The Company's Consolidated Financial Statements for the period beginning on May 19, 2022 are prepared on a consolidated, Non-Investment Basis to include the financial position, results of operations, and cash flows of the Company and its consolidated subsidiaries rather than on an Investment Basis. This change in status and the accompanying accounting policies affect the comparability of the Consolidated Financial Statements as of and for the historical periods as presented in this annual report on Form 10-K (this “Annual Report”). As such, this Annual Report includes the following: Non-Investment Basis • Consolidated Balance Sheet as of December 31, 2022 • Consolidated Statement of Operations for the period from May 19, 2022 through December 31, 2022 • Consolidated Statement of Comprehensive Income (Loss) for the period from May 19, 2022 through December 31, 2022 • Consolidated Statement of Redeemable Noncontrolling Interests and Equity for the period from May 19, 2022 through December 31, 2022 • Consolidated Statement of Cash Flows for the period from May 19, 2022 through December 31, 2022 • Notes to the Consolidated Financial Statements Investment Basis • Consolidated Statement of Assets and Liabilities as of December 31, 2021 • Consolidated Statements of Operations for the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021 • Consolidated Statements of Changes in Net Assets for the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021 • Consolidated Statements of Cash Flows from the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021 • Consolidated Schedule of Investments as of December 31, 2021 • Notes to the Consolidated Financial Statements Change in Presentation due to Change in Status Effective May 19, 2022, the date of the change in status, the Company prospectively discontinued its application of ASC 946 and, as a result, changed the presentation of the Company's Consolidated Financial Statements. The most significant changes are: • The Consolidated Statement of Assets and Liabilities has been changed to a Consolidated Balance Sheet; • The Consolidated Statement of Operations is no longer presented in the format required under ASC 946. The Company will present the Consolidated Statement of Operations as required under Non-Investment Basis U.S. GAAP. A Consolidated Statement of Other Comprehensive Income (Loss) will be presented, if and when applicable; • The Consolidated Schedule of Investments has been removed; • The Consolidated Statement of Cash Flows has been changed, including now containing a section for investing activities; • Certain footnotes have been changed or removed to reflect conformity with applicable U.S. GAAP under a Non-Investment Basis; and • The Company re-evaluated its interests in all entities to determine whether they are variable interests, and re-evaluated its investments, including its investments in partially owned entities, to determine if they are VIEs, as required under ASC Topic 810, Consolidation ("ASC 810"). The Company also re-evaluated consolidation considerations for all of its investments in VIEs and partially owned entities, as required under ASC 810. Applicable disclosures related to VIEs and other partially owned entities have been included in these Notes to the Consolidated Financial Statements. Prior to the May 19, 2022 change in status, the Company recorded its investments in the renewable energy projects at fair value and recorded the changes in fair value as an unrealized gain or loss. In accordance with ASC 946, the fair value of an investment at the date of the change in status shall be the investment's initial carrying amount on a Non-Investment Basis. Upon the change in status, this fair value accounting is no longer applicable, and the Company now presents on a consolidated basis the underlying assets and liabilities of its subsidiaries in accordance with the applicable U.S. GAAP. The following is a summary of the allocation of the net assets of the Company as of the date of the change in status, May 19, 2022: May 19, 2022 Total members' equity (net assets) $ 1,543,739,908 Plus: Fair value of redeemable noncontrolling interests and noncontrolling interests 74,813,714 Total net assets of the Company $ 1,618,553,622 Assets Cash, cash equivalents and Restricted cash $ 205,449,317 Other current assets 103,875,227 Total current assets 309,324,544 Property, plant and equipment 1,522,994,919 Intangible assets 465,375,389 Investments, at fair value 90,425,067 Derivative assets 118,547,764 Other noncurrent assets 36,360,786 Total noncurrent assets 2,233,703,925 Total assets 2,543,028,469 Liabilities Accounts payable and accrued expenses $ 59,521,770 Other current liabilities 67,617,947 Total current liabilities 127,139,717 Long-term debt, net 501,200,081 Out-of-market contracts 229,576,646 Other noncurrent liabilities 66,558,403 Total noncurrent liabilities 797,335,130 Total liabilities 924,474,847 Total members' equity, redeemable noncontrolling interests and noncontrolling interests $ 1,618,553,622 The Company will continue to recognize and measure its RNCI, Derivative assets (current and noncurrent) and Investments, at fair value. Refer to Note 16. Noncontrolling Interests and Redeemable Noncontrolling Interests, Note 11. Derivative Instruments and Note 6. Fair Value Measurements and Investments for further information surrounding fair value approach and inputs used. As discussed below, the Company adopted ASC 842 as of January 1, 2022. On May 19, 2022, the Company also recognized operating lease, or ROU assets, of $95.1 million, operating lease liabilities, current of $1.2 million and operating lease liabilities, noncurrent of $93.5 million of its subsidiaries that were formerly part of the Company’s investments. The ROU asset and lease liability balances in the May 19, 2022 allocation are not included in the table above. See Note 9. Leases for further details on the ROU assets and lease liabilities recognized at May 19, 2022. Basis of Consolidation The Consolidated Financial Statements and related notes have been prepared on the Non-Investment Basis of accounting in accordance with U.S. GAAP and in conformity with the rules and regulations of the SEC applicable to financial information. The Consolidated Financial Statements include the accounts of the Company, its wholly-owned subsidiaries, and those of its subsidiaries in which it has a controlling financial and/or voting interest. All intercompany balances and transactions have been eliminated in consolidation. The Company determines whether it has a controlling interest in an entity by first evaluating whether the entity is a VIE under U.S. GAAP as discussed further below. In connection with the Acquisition, the Company consolidated the results of operations and financial position of GDEV during the period May 19, 2022 through November 17, 2022. Management determined that GDEV is an investment company under ASC 946 for the purposes of financial reporting. In accordance with ASC 946, when an investment company’s results of operations are consolidated with and into the financial statements of a company that does not follow ASC 946, the results of operations and statement of financial position of the investment company shall continue to be presented in accordance with ASC 946. As such, in the preparation of the Consolidated Financial Statements during the period May 19, 2022 through November 17, 2022, GDEV was presented in the Consolidated Financial Statements of the Company utilizing ASC 946 accounting requirements. ASC 946 requires investments of an investment company to be recorded at the estimated fair value in the Consolidated Balance Sheet and the unrealized gains and/or losses in an investment’s fair value to be recognized on a current basis in the Consolidated Statement of Operations. On November 18, 2022, GREC sold its investment in GDEV to an unrelated third party for total purchase consideration of $5.7 million. The Company realized a gain on sale of this investment in the amount of $0.3 million, which is included in Other expense, net on the Consolidated Statement of Operations. The Company has determined as a result of the sale of GREC’s investment in GDEV that it is no longer the primary beneficiary of GDEV. As a result, GDEV is no longer considered a consolidated subsidiary of the Company, and therefore its financial position is not included on the Consolidated Balance Sheet as of December 31, 2022. Further, the revenue, expenses and income of GDEV are only included within the Company’s Consolidated Statement of Operations for the period May 19, 2022 through November 17, 2022, the date of the deconsolidation. Additionally, the results of operations and financial position of GDEV GP, which GREC has a controlling voting interest in and whose operations are exclusively related to its role as the general partner of GDEV, are no longer eliminated in consolidation beginning with the deconsolidation on November 18, 2022. The following table summarizes the impact of the sale and deconsolidation of GDEV: Balances Prior to Deconsolidation Impact of Sale and Deconsolidation November 18, 2022 Assets Current assets: Cash and cash equivalents $ 191,406 $ 5,467,061 $ 5,658,467 Other current assets 83,612 164,042 247,654 Total current assets $ 275,018 $ 5,631,103 $ 5,906,121 Noncurrent assets: Investments, at fair value $ 73,632,120 $ (71,657,942) $ 1,974,178 Total noncurrent assets 73,632,120 (71,657,942) 1,974,178 Total assets $ 73,907,138 $ (66,026,839) $ 7,880,299 Liabilities, Redeemable Noncontrolling Interests and Equity Current liabilities: Other current liabilities 120,147 (120,147) — Total current liabilities 120,147 (120,147) — Total liabilities $ 120,147 $ (120,147) $ — Equity: Greenbacker Renewable Energy Company LLC controlling interest $ 7,593,663 $ — $ 7,593,663 Accumulated deficit (21,969) 308,606 286,637 Noncontrolling interests 66,215,297 (66,215,297) — Total equity $ 73,786,991 $ (65,906,691) $ 7,880,300 Total liabilities, redeemable noncontrolling interests and equity $ 73,907,138 $ (66,026,838) $ 7,880,300 Variable Interest Entities The Company assesses entities for consolidation in accordance with ASC 810. The Company first considers whether an entity is considered a VIE and therefore whether to apply the VIE model. Entities that do not qualify as VIEs are evaluated for consolidation as voting interest entities (“VOE”) under the voting interest model. The Company consolidates all VIE’s in which it holds a controlling financial interest, and all VOE’s that it controls through a majority voting interest or through other means. The Company evaluates whether an entity is a VIE upon acquisition of ownership interest or when reconsideration events occur as outlined per ASC 810. The consolidation guidance requires an analysis to determine (a) whether an entity in which the Company holds a variable interest is a VIE and (b) whether the Company’s has a controlling financial interest. An entity is a VIE if any one of the following conditions exist: (i) the legal entity does not have sufficient equity investment at risk, (ii) the equity investors at risk, as a group, lack the characteristics of a controlling financial interest, or (iii) the legal entity is structured with disproportionate voting rights. A controlling financial interest is defined as (i) the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. Refer to Note 5. Variable Interest Entities for further details. Equity Method Investments When the Company does not have a controlling financial interest in an entity but exerts significant influence over the entity’s operating and financial decisions, the Company applies the equity method of accounting. The Company has elected the fair value option for each of its equity method investments. The Company reflects changes in the fair value of its equity method investments in Net unrealized gain (loss) on investments on the Consolidated Statement of Operations. Dividend income is recorded in Other revenue on the Consolidated Statement of Operations as of the date that dividends are declared by the investee. The value of the Company's equity method investments are recorded to Investments, at fair value on the Consolidated Balance Sheet. Refer to Note 5. Variable Interest Entities and Note 6. Fair Value Measurements and Investments for further details. Noncontrolling Interests, Redeemable Noncontrolling Interests and Hypothetical Liquidation at Book Value NCI represent the portion of the Company’s net income (loss), net assets and comprehensive income (loss) that are not allocable to the Company as they represent third-party interests in the net assets of the respective entity and are based on the contractual allocations within the respective operating agreement or allocated to NCI attributable to the limited partner investors. For certain NCI when the preferences on profit sharing on liquidation rights and priorities differ from the ownership percentages, the Company considers ASC Topic 970, Real Estate - General and applies the HLBV method of reporting. Under the HLBV method, the amounts of income and loss attributed to the NCI reflect the changes in the amounts the third parties would hypothetically receive at each balance sheet date based on the liquidation provisions of the respective partnership agreements. HLBV assumes that the proceeds available for distribution are equivalent to the unadjusted, stand-alone net assets of each respective partnership, as determined under U.S. GAAP. The third-party noncontrolling interests in the Consolidated Statement of Operations and Consolidated Statement of Comprehensive Income (Loss), if applicable, are determined based on the difference in the carrying amounts of NCI on the Consolidated Balance Sheet between reporting dates, adjusted for any capital transactions between the Company and third-party investors that occurred during the respective period. The Company accounts for the portion of net assets in the consolidated entities attributable to the noncontrolling investors as RNCI or NCI in its Consolidated Financial Statements using the HLBV method. NCI in subsidiaries that are redeemable at the option of the NCI holder are classified as RNCI on the Consolidated Balance Sheet. Refer to Note 16. Noncontrolling Interests and Redeemable Noncontrolling Interests for further details. Use of Estimates The preparation of the Company’s Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include investments in highly liquid money market instruments with an original maturity of three months or less. Restricted Cash Restricted cash consists of cash accounts used as collateral for letters of credit and financial institutional loan requirements that are restricted for use on certain of the Company's renewable energy projects. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded at the invoiced amount, net of allowance for doubtful accounts. Accounts receivable also include unbilled accounts receivable, which is comprised of the monthly power generated under PPAs not yet invoiced. The Company reviews its accounts receivable for collectability and records an allowance for doubtful accounts for estimated uncollectible accounts receivable as deemed necessary. Accounts receivable are written off when they are no longer deemed collectible. The allowance is based on the Company's assessment of known delinquent accounts, historical experience and other currently available evidence of the collectability and the aging of accounts receivable. The underlying assumptions, estimates and assessments the Company uses to provide for losses are updated to reflect the Company's view of current conditions. Changes in such estimates could significantly affect the allowance for losses. It is possible the Company will experience credit losses that are different from the Company's current estimates. Based on the Company's assessment performed as of December 31, 2022, the allowance for doubtful accounts recorded was not material. Fair Value Measurements ASC 820 prioritizes the use of market-based inputs over entity-specific inputs and establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation. The three levels of valuation hierarchy are defined as follows: Level 1: Unadjusted quoted prices for identical assets or liabilities in active markets. Level 2: Other significant observable inputs that are sourced either directly or indirectly from publications or pricing services, including dealer or broker markets, for identical or comparable assets or liabilities. Generally, these inputs should be widely accepted and public, non-proprietary and sourced from an independent third party. Level 3: Inputs derived from a significant amount of unobservable market data and derived primarily through the use of internal valuation methodologies. Refer to Note 6. Fair Value Measurements and Investments for further details. Property, Plant and Equipment, net Property, plant and equipment is stated at historical cost net of accumulated depreciation. Depreciation is computed on a straight-line basis over the estimated remaining useful lives of individual assets or classes of assets noted in the table below or, when the asset is on property subject to a lease or other site control contract, the remaining lease or other contractual periods and renewals that are deemed to be reasonably certain at the date the assets are purchased, if less than the estimated remaining useful life. Additions and improvements extending asset lives beyond their remaining estimated useful lives are capitalized, while repairs and maintenance, including planned major maintenance, are charged to expense as incurred. Asset Class Useful Lives (Years) Solar energy systems 35 Wind energy systems 30 Battery storage systems 10 All costs directly related to the acquisition, development, and construction of long-lived assets are capitalized, including taxes and insurance incurred during the construction phase. A portion of interest costs, including amortization of debt issuance and financing costs associated with the generation facilities' financing arrangements, are capitalized during construction. Development costs includes the project development costs, which are expensed until it is probable that commercial success will be achieved. Once the assets are placed into service, all of t he capitalized costs are depreciated over the estimated useful lives of the assets. Refer to Note 7. Property, Plant and Equipment for further details. Goodwill Goodwill reflects the excess of the consideration transferred, including the fair value of any contingent consideration, over the assigned fair values of the identifiable net assets acquired. Goodwill is not amortized and is tested for impairment at least on an annual basis during the fourth quarter or more frequently if facts or circumstances indicate that the goodwill might be impaired. In assessing goodwill for impairment, the Company may elect to use a qualitative assessment to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of goodwill is less than its carrying amount. If the Company determines it is not more likely than not that the fair value of goodwill is less than its carrying amount, the Company will not be required to perform any additional tests in assessing goodwill for impairment. If the Company concludes otherwise, or elects not to perform the qualitative assessment, then the Company will be required to perform the quantitative impairment test. If the estimated fair value of the reporting unit is less than its carrying value, the Company performs additional quantitative analysis to determine if the reporting unit’s goodwill has been impaired. Impairment is indicated if the estimated fair value of the reporting unit is less than the carrying amount of the reporting unit, and an impairment charge is recognized for the differential. During the period from May 19, 2022 through December 31, 2022, the Company recorded $221.3 million of goodwill related to the Acquisition, which is not deductible for tax purposes. The Company did not recognize any impairment charges on goodwill for the period from May 19, 2022 through December 31, 2022. Refer to Note 8. Goodwill, Other Intangible Assets and Out-of-market Contracts for further details. Amortizable and Other Intangible Assets and Out-of-market Contracts Contract-based intangible assets, including intangible assets and liabilities (out-of-market contracts) associated with PPAs and REC agreements, represent the value of rights that arise from contractual arrangements. When the Company acquires a project with an existing PPA or REC agreement in an asset acquisition or business combination and the terms of the contract are favorable or unfavorable relative to market terms, the Company recognizes intangible assets or liabilities in its accounting for the acquisition. In addition, in the Company’s accounting for the transition from the Investment Basis to the Non-Investment Basis, the Company identified and recorded contract-based intangible assets and liabilities associated with its existing PPAs and REC agreements, as applicable. The Company amortizes identifiable intangible assets consisting of channel partner relationships, out-of-market PPAs, out-of-market REC contracts and trademarks because these assets have finite lives. The Company’s amortizable intangible assets with finite lives are amortized on a straight-line basis over the estimated useful lives. The basis of amortization approximates the pattern in which the assets are utilized, over their estimated useful lives. The contract-based intangible assets and liabilities (out-of-market contracts) associated with PPA and REC agreements for which the fair value has been determined to be less (more) than market are amortized to revenue over the term of each underlying contract on a straight-line basis. Amortization expense related to the Company's finite lived intangible assets was $17.2 million for the period from May 19, 2022 through December 31, 2022. This includes $10.5 million of net contract amortization on PPA and REC contract intangible assets and out-of-market contracts recorded within Contract amortization, net on the Consolidated Statement of Operations, and $6.7 million of amortization expense on channel partner relationships and trademark intangible assets recorded within Depreciation, amortization and accretion on the Consolidated Statement of Operations. Refer to Note 8. Goodwill, Other Intangible Assets and Out-of-market Contracts for further details. Impairment of Long-Lived Assets In accordance with ASC Topic 360, Property, Plant, and Equipment, long-lived assets and intangible assets with determinable useful lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to the future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets and would be charged to earnings. Assets to be disposed of are reported at the lower of the carrying amount or fair value less the costs to sell. The Company did not recognize any impairment charges on long-lived assets for the period from May 19, 2022 through December 31, 2022. Notes Receivable The Company’s notes receivable consists of loans made by the Company, who serves as the debt holder, to different entities, serving as borrowers, as a way to finance the development and construction of renewable energy projects. The Company accounts for its notes receivable in accordance with ASC Topic 310, Receivables (“ASC 310”). In accordance with ASC 310, notes receivable held for investment are reported on the balance sheet at their amortized cost basis. The amortized cost basis is the amount at which a financing receivable or investment is originated or acquired, adjusted for applicable accrued interest, accretion, or amortization of premium, discount, and net deferred fees or costs, or other adjustments. The Company's notes receivable were all issued at their respective principal amounts. Interest income will be recognized based on the contractual rate in the loan agreement and any premium/discount will be amortized to interest income using the effective interest rate method. Further, for loans where paid in kind interest at the election of the borrower is present and for loans where the rate of interest changes over the life of the loan, such interest rate features will be considered and included in the effective interest rate calculation and recognition of interest income. The Company does not currently maintain a loan loss allowance as it has not experienced any such losses in historical periods and does not anticipate future losses. The Company evaluates any potential need for loan loss reserves on a periodic basis based on relevant internal and external factors that affect loan collectability, including the amount of outstanding loans owed to the Company, current collection patterns and current economic trends. As these conditions change, the Company may need to record allowances in future periods. The Company classifies its loans on a current (due within 12 months of reporting date) and long term (due in excess of 12 months from reporting date) basis in accordance with stated maturity dates. Interest income from the notes receivable represents ordinary business activities and are presented as Other revenue on the Consolidated Statement of Operations. The Company’s n otes receivable consists of the following: As of December 31, 2022 Interest rate Maturity date Notes receivable, current Cider $ 41,863,680 8.00% 3/31/2023 OYA 8,491,226 9.00% 2/17/2023 (1) Shepherds Run 8,751,528 8.00% 12/31/2023 Total notes receivable, current $ 59,106,434 Notes receivable, noncurrent New Market $ 5,008,070 9.00% 9/30/2022 (2) SE Solar 5,009,984 9.00% 2/15/2023 (3) Kane Warehouse 275,871 10.25% 2/28/2025 Total notes receivable, noncurrent $ 10,293,925 Total notes receivable $ 69,400,359 (1) The loan was paid in full on February 17, 2023. (2) Option for purchase agreement exercised on September 30, 2022. The parties involved are working in good faith to enter into a purchase agreement. (3) The parties involved are working in good faith on an extension to the agreement. The notes receivable current, are recorded within Notes receivable, current on the Consolidated Balance Sheet. The notes receivable, noncurrent are recorded within Other noncurrent assets on the Consolidated Balance Sheet. Debt Issuance, Deferred Financing Costs and Debt Discount Deferred financing costs are amortized over the term of the Company’s financing arrangements using the effective interest method as a component of interest expense. Unamortized deferred financing costs are reflected as an offset to the scheduled principal payments and are presented as a reduction of Long-term debt, net of current portion, on the Consolidated Balance Sheet. As a result of the change in status from the Investment Basis to the Non-Investment Basis, the Company recorded a debt discount given that the fair value of the majority of its debt facilities was lower than the outstanding principal balance. The total debt discount recorded on May 19, 2022, the date of the change in status, was $29.6 million. Unamortized debt discounts are reflected as an offset to the scheduled principal payments and are presented as a reduction to Long-term debt, net of current portion on the Consolidated Balance Sheet. Refer to Note 10. Debt for further details. Acquisitions For acquisitions meeting the definition of a business combination, the acquisition method of accounting is used in accordance with ASC Topic 805, Business Combinations (“ASC 805”). The consideration transferred for the acquired business is allocated to the assets acquired and liabilities assumed based on the fair values at the date of acquisition, including identifiable intangible assets. Any excess of the amount paid over the estimated fair value of the identifiable net assets acquired is allocated to goodwill. These fair value determinations require judgment and involve the use of significant estimates and assumptions, including assumptions with respect to future cash inflows and outflows, discount rates, implied rate of return and weighted average cost of capital, asset lives and market multiples, among other items. Acquisition-related costs, such as professional fees, are excluded from the consideration transferred and are expensed as incurred. Asset acquisitions are measured based on the cost to the Company, including transaction costs. Asset acquisition costs, or the consideration transferred by the Company, are assumed to be equal to the fair value of the net assets acquired. If the consideration transferred is cash, measurement is based on the amount of cash paid to the seller, as well as transaction costs incurred. The cost of an asset acquisition is allocated to the assets acquired based on their relative estimated fair values. Goodwill is not recognized in an asset acquisition. The Company records contingent consideration related to its asset acquisitions when it is both probable that the Company will be required to pay such amounts and the amount is estimable. These contingencies generally relate to payments due upon the acquired projects reaching milestones as specified in the acquisition agreements. As of December 31, 2022, the Company has recorded a liability of $25.9 million within Contingent consideration, current on the Consolidated Balance Sheet related to these agreements. Segment Information ASC Topic 280, Segment Reporting establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise where discrete financial information is available and evaluated regularly by the CODM, or decision-making group, in deciding how to allocate resources and in assessing performance. The Company manages its business as two operating segments and two reportable segments. Segment information is consistent with how the CODM reviews the business, makes resource allocation decisions, and assesses performance. Refer to Note 19. Segment Reporting for further details. Distribution Policy Distributions to members, if any, will be authorized and declared by the Company's Board of Dire

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Note 3. Acquisitions Management Internalization On May 19, 2022, the Company completed a management internalization transaction pursuant to which it acquired substantially all of the business and assets including intellectual property and personnel of its external advisor, GCM, Greenbacker Administration and GDEV GP (collectively, the “Acquired Entities”). All of the acquired business and assets were immediately thereafter contributed by the Company to GREC. Additionally, as a result of the Acquisition, the Company acquired a controlling interest in GDEV and, as such, in connection with the Acquisition consolidated the results of operations and financial position of GDEV. Refer to Note 2. Significant Accounting Policies and Note 5. Variable Interest Entities for additional discussion, including the subsequent deconsolidation of GDEV. The Acquisition was implemented under the terms of the Contribution Agreement, dated as of May 19, 2022, by and between the Company and GCM's former parent, Group LLC, a subsequent contribution agreement between the Company and GREC pursuant to which all the acquired businesses and assets were immediately contributed by the Company to GREC, and certain related agreements. In connection with the Acquisition, Group LLC received consideration of 24,365,133 Class P-I common shares, par value $0.001 per share (the “Class P-I shares”) and 13,071,153 of a newly created class of common shares of the Company designated as the Earnout Shares, par value $0.001 per share. The number of Class P-I shares issued in the transaction was based on $8.798 per Class P-I share, the last reported net asset value published by the Company on March 31, 2022 ( or an aggregate value of $214.4 million , net of seller related deal fees and expenses paid by the Company) . In accordance with ASC 805, the Company is required to determine the fair value of consideration transferred as of the Acquisition close date of May 19, 2022, which value was determined to be $8.81 per Class P-I share (or an aggregate value of $214.7 million, net of seller related deal fees and expenses paid by the Company). In December 2022, the consideration was finalized, and 27,892 additional Class P-I shares (or an aggregate value of $0.2 million, net of seller related deal fees and expenses paid by the Company) were issued to Group LLC. The Earnout Shares are divided into three separate series, designated as “Tranche 1 Earnout Shares,” “Tranche 2 Earnout Shares,” and “Tranche 3 Earnout Shares.” The Earnout Shares are comprised of 4,357,051 Tranche 1 Earnout Shares, 4,357,051 Tranche 2 Earnout Shares, and 4,357,051 Tranche 3 Earnout Shares (consisting of 378,874 Class A Tranche 3 Earnout Shares and 3,978,177 Class B Tranche 3 Earnout Shares). All of the Earnout Shares except for the Class B Tranche 3 Earnout Shares were considered purchase consideration in the Acquisition (see below under "Share-based compensation" for further discussion of the Class B Tranche 3 Earnout Shares). Each separate series of Earnout Shares initially do not have the right to participate in any distributions payable by the Company. However, upon the achievement of separate benchmark quarter-end run-rate revenue targets applicable to each series, or upon the occurrence of certain liquidity events, each series of Earnout Shares can become “Participating Earnout Shares.” The run-rate revenue of the Company or GREC (the “Run Rate Revenue”) upon which the benchmark targets are based is determined primarily by the calculation of third-party management fee revenue during each quarter and additional capital raised from the closing of the Acquisition through December 31, 2025 (as may be extended to December 31, 2026 upon the achievement of certain Run Rate Revenue targets). The Earnout Shares may become Participating Earnout Shares as follows: (i) if the Run Rate Revenue during any calendar quarter exceeds $8.3 million but is less than $12.5 million, 2,904,410 of the Tranche 1 Earnout Shares will automatically achieve the status of Participating Earnout Shares, with the balance of such Tranche 1 Earnout Shares becoming Participating Earnout Shares ratably up to $12.5 million of Run Rate Revenue, and if the Run Rate Revenue during any calendar quarter equals or exceeds $12.5 million, 100% of the Tranche 1 Earnout shares will automatically achieve the status of Participating Earnout Shares; (ii) if the Run Rate Revenue during any calendar quarter exceeds $16.7 million but is less than $25.0 million, 2,904,410 of the Tranche 2 Earnout Shares will automatically achieve the status of Participating Earnout Shares, with the balance of such Tranche 2 Earnout Shares becoming Participating Earnout Shares ratably up to $25.0 million of Run Rate Revenue, and if the Run Rate Revenue during any calendar quarter equals or exceeds $25.0 million, 100% of the Tranche 2 Earnout shares will automatically achieve the status of Participating Earnout Shares; and (iii) if the Run Rate Revenue during any calendar quarter exceeds $25.0 million but is less than $37.5 million, the Class A Tranche 3 Earnout Shares and 2,525,827 of the Class B Tranche 3 Earnout Shares will automatically achieve the status of Participating Earnout Shares, with the balance of such Class B Tranche 3 Earnout Shares becoming Participating Earnout Shares ratably up to $37.5 million of Run Rate Revenue, and if the Run Rate Revenue during any calendar quarter equals or exceeds $37.5 million, 100% of the Tranche 3 Earnout shares will automatically achieve the status of Participating Earnout Shares. Upon achieving Participating Earnout Share status, such Earnout Shares will become entitled to priority allocations of profits and increases in value from the Company, and will (i) have equivalent economic and other rights as the Class P-I shares of the Company, (ii) vote together as a single class with the Class P-I shares on all matters submitted to holders of Class P-I shares generally, (iii) not have separate voting rights on any matters (other than amendments to the terms of the Participating Earnout Shares that affect such Participating Earnout Shares adversely and in a manner that is different from the terms of the Class P-I shares), and (iv) have the right to participate in all distributions payable by the Company, as if they were, and on a pari passu basis with, the Class P-I shares, subject to, with respect to (i) and (iv), the allocation of sufficient amounts to the Earnout Shares. At its election, a holder may convert its Participating Earnout Shares into Class P-I shares after the holder’s Earnout Shares have been allocated sufficient profits or increases of value from the Company. The aggregate purchase consideration transferred from the Company to Group LLC in exchange for the equity interests in the Acquired Entities totaled $335.0 million assuming the then share price of $8.798 per share, the last reported net asset value published by the Company on March 31, 2022. In accordance with ASC 805, the Company is required to determine the fair value of consideration transferred as of the Acquisition close date of May 19, 2022. The aggregate purchase consideration is valued at $294.1 million, which was paid in the form of the Class P-I shares (“Equity consideration” in the table below) and all of the Earnout Shares, except for the Class B Tranche 3 Earnout Shares (“Contingent consideration” in the table below) as described above. As of the Acquisition close date, the fair value of the Class P-I shares was determined to be $8.81 per Class P-I share. The fair value of the contingent consideration was estimated to be $73.6 million, which is included in Contingent consideration on the Consolidated Balance Sheet. The Earnout Shares included in purchase consideration are classified as contingent consideration liabilities and are subject to recurring fair value measurements. As of December 31, 2022, the fair value of the contingent consideration was $75.7 million. The change in fair value of the contingent consideration is included in General and administrative expenses on the Consolidated Statement of Operations. The following is a summary of the purchase consideration, as well as the fair value of the NCI in GDEV GP and GDEV at the acquisition date: May 19, 2022 Adjustments May 19, 2022 as Adjusted Fair value of consideration transferred: Equity consideration $ 214,926,938 $ — $ 214,926,938 Contingent consideration 73,600,000 — 73,600,000 Assumed expenses of Group LLC 6,227,104 — 6,227,104 Assumed debt (paid at closing) 1,500,000 — 1,500,000 Extinguishment of liabilities (2,171,328) — (2,171,328) Total purchase consideration $ 294,082,714 $ — $ 294,082,714 Fair value of the Company’s investment in GDEV (held before the Acquisition) 3,768,406 (149) 3,768,257 Fair value of the NCI in GDEV GP 533,315 (192,432) 340,883 Fair value of the NCI in GDEV 45,445,898 491,043 45,936,941 Total amount to allocate to net assets acquired and consolidated $ 343,830,333 $ 298,462 $ 344,128,795 As a result of the Company obtaining control over GDEV, the Company’s previously held interest in GDEV was remeasured to fair value. The Company’s interest in GDEV had previously been measured at fair value under ASC 946 and therefore the remeasurement did not result in an adjustment or gain or loss recognized. The Acquisition was accounted for as a business combination using the acquisition method of accounting in accordance with ASC 805. The purchase price has been allocated to the tangible assets and identifiable intangible assets acquired, and liabilities assumed, based upon their estimated fair values as of the acquisition date. In conjunction with the application of the acquisition method of accounting, the Company recognized the NCI in GDEV GP and GDEV at fair value as of the acquisition date. The fair value of the NCI, a Level 3 fair value measurement, was determined based upon a discounted cash flow methodology. The excess of the purchase price over the tangible and intangible assets acquired, and liabilities assumed, has been recorded as Goodwill on the Consolidated Balance Sheet. The Acquisition resulted in recorded goodwill of $221.3 million as a result of a higher consideration multiple paid driven by quality of the operations, including the workforce, and how the Company expects to leverage and scale the business to create additional value for its shareholders. The Company evaluates this goodwill for impairment on an annual basis and does not amortize the acquired goodwill balance for financial statement purposes. Goodwill is not expected to be deductible for income tax purposes. The goodwill was allocated $200.3 million to the IPP segment and $21.0 million to the IM segment. Refer to Note 8. Goodwill, Other Intangible Assets and Out-of-market Contracts for further discussion on the goodwill recorded as a result of the Acquisition. During 2022, the Company made certain adjustments to the estimated fair value of the assets and liabilities assumed at the date of the Acquisition and the resulting consolidation of GDEV GP and GDEV. During the three months ended December 31, 2022, the Company finalized the purchase accounting for the Acquisition. The adjusted purchase price allocation is reflected in the accompanying Consolidated Balance Sheet as of December 31, 2022. The following table details the purchase price allocation as of May 19, 2022, the adjustments made during the three months ended December 31, 2022 and the adjusted purchase price allocation as of May 19, 2022. May 19, 2022 2022 Adjustments May 19, 2022 as Adjusted Net working capital (including cash) $ 8,819,403 $ — $ 8,819,403 Property, plant and equipment 75,594 — 75,594 Investments, at fair value and other noncurrent assets 42,355,783 — 42,355,783 Trademarks 2,800,000 — 2,800,000 Channel partner relationships 95,100,000 (400,000) 94,700,000 Carried interest 278,689 (278,689) — Other liabilities (759,902) — (759,902) Deferred tax liability (25,779,277) 603,418 (25,175,859) Goodwill 220,940,043 373,733 221,313,776 Sum of acquired and consolidated net assets $ 343,830,333 $ 298,462 $ 344,128,795 The fair values of the acquired trade accounts receivables, prepaid and other current assets, accounts payable and accrued expenses, and other current liabilities approximate their carrying values due to the short-term nature of the expected timeframe to collect the amounts due, realize the balances, or settle the amounts payable, accrued expenses, and the related cash inflows or outflows are not expected to materially vary from the contractual amounts. As part of the purchase price allocation, the Company also determined the identifiable intangible assets were: (i) channel partner relationships and (ii) trademarks. The fair values of the intangible assets were estimated using the income approach, specifically the multi-period excess earnings method. The discounted cash flows used in the fair value determination of these intangible assets were based on estimates used to price the transaction, and the discount rates applied were benchmarked with reference to the implied rate of return from the transaction model and the weighted average cost of capital. These non-recurring fair value measurements are primarily determined using these unobservable inputs. Accordingly, these fair value measurements are classified within Level 3 of the fair value hierarchy. The following table summarizes the acquired goodwill and identifiable intangible assets, updated acquisition date fair value, and weighted-average amortization period: Identified intangible asset Acquisition date fair value Weighted-average amortization period (years) Trademarks $ 2,800,000 12 Channel partner relationships 94,700,000 11 Goodwill 221,313,776 — The change in the fair value of the channel partner relationships intangible asset during the three months ended December 31, 2022 did not result in a change in the respective weighted-average amortization period of 11 years. There were no changes to the fair value of the trademarks intangible asset or weighted-average amortization during the three months ended December 31, 2022. In conjunction with the Acquisition, the Company incurred $3.4 million of buyer transaction costs during the year ended December 31, 2022, of which $2.6 million was recognized in Operating expenses in the Consolidated Statement of Operations under the Investment Basis during the period from January 1, 2022 through May 18, 2022. The residual $0.8 million of buyer transaction costs were recognized in General and administrative expenses in the Consolidated Statement of Operations for the period from May 19, 2022 through December 31, 2022. The results of operations from the Acquired Entities are included in the Consolidated Financial Statements of the Company from the date of Acquisition. The revenue contributed by the Acquisition during the period from May 19, 2022 through December 31, 2022 was $1.9 million. No pro forma information has been included in these Consolidated Financial Statements for the period that the Acquired Entities were not part of the consolidated results as they are not material. Share-based compensation In connection with the Acquisition, the Earnout Shares were issued to Group LLC. Group LLC then distributed to its members the Class P-I shares and a majority of the Earnout Shares (including Tranche 1 Earnout Shares, Tranche 2 Earnout Shares and Class A of Tranche 3 Earnout Shares). Class B of the Tranche 3 Earnout Shares, however, were distributed by Group LLC to GB EO Holder LLC (“EO Holder”), an entity formed by Group LLC with the sole purpose of holding the Class B Tranche 3 Earnout Shares and distributing its equity to employees of the Company. As such, the Class B Tranche 3 Earnout Shares are classified as share-based compensation as a result of the issuance of the EO Holder equity to employees of the Company by Group LLC in exchange for their employment services post Acquisition as a vesting condition. Accordingly, the Class B Tranche 3 Earnout Shares are not part of the consideration transferred, and the Company accounts for the issuance of these shares to employees in accordance with ASC 718. EO Holder had 3,978,177 equity awards authorized to be issued, and in connection with the above described issuances to employees of the Company, issued 3,198,135 awards as of December 31, 2022, all to employees of the Company. The EO Holder equity awards issued (“EO Awards”) are equity classified, and compensation expense is based on the grant-date fair value of the GB EO Holder equity awards, $10.96 per share, which was based on the grant-date fair value of the Class B Tranche 3 Earnout Shares held by EO Holder. EO Awards shall vest in one, two or three tranches over a service period ranging from one two For the period from May 19, 2022 through December 31, 2022, the Company recognized share-based compensation expenses of $6.9 million, which are included in General and administrative expenses in the Consolidated Statement of Operations. As of December 31, 2022, unrecognized share-based compensation expense associated with the EO Awards is $27.3 million, which is expected to be amortized over a weighted average period of 2.5 years. The Company recognized total forfeitures of $0.1 million during the period from May 19, 2022 through December 31, 2022. In addition, prior to the Acquisition, GDEV GP had issued carried interest to GREC as the initial investor in GDEV and to certain employees of GCM that provided services to GDEV GP. The carried interest units held by GREC were sold to a third party investor as part of the sale of GREC’s interest in GDEV on November 18, 2022. Holders of carried interest receive distributions based on carried interest received by GDEV GP from GDEV, once the management fee shortfall has been reduced to zero. Vesting among employees is based on either the continued service of the participant or on the achievement of performance goals set out in the applicable award agreement. There was no change to the carried interest holdings as a result of the Acquisition. The Company accounts for the carried interests issued to employees in accordance with ASC Topic 710, Compensation - General ("ASC 710"). The carried interests issued to employees are liability classified, and compensation expense for the carried interests is based on the change in the fair value of the carried interests. For the period from May 19, 2022 through December 31, 2022, the compensation expense recognized on the carried interests was $0.4 million. Other Acquisitions For acquisitions in which the Company acquires assets, including intangible assets, and assumes liabilities that do not constitute a business, the amount of the purchase consideration is equal to the fair value of the net assets acquired. The purchase consideration, including transaction costs, is allocated to the individual assets and liabilities assumed based on their relative fair values. During the period from May 19, 2022 through December 31, 2022, the Company acquired membership interests in 30 renewable energy projects, all of which were either in development or under construction, for total consideration of $76.3 million. The purchase price of the assets acquired during the year ended December 31, 2022 has been allocated on a relative fair value basis as follows: Land $ 5,111,157 Property, plant and equipment 71,156,183 Intangible assets 1,193,000 ROU asset 2,923,333 Less: Liabilities assumed (4,111,186) Total $ 76,272,487 The following table summarizes the acquired identifiable intangible assets, acquisition date estimated fair value, and weighted average amortization period for intangible assets acquired as a result of the asset acquisitions completed during the year ended December 31, 2022: Identified intangible asset Acquisition data fair value Weighted-average amortization period (years) PPA contracts - out-of-market $ (889,000) 20 REC contracts - favorable $ 1,193,000 20
Acquisitions	Note 3. Acquisitions Management Internalization On May 19, 2022, the Company completed a management internalization transaction pursuant to which it acquired substantially all of the business and assets including intellectual property and personnel of its external advisor, GCM, Greenbacker Administration and GDEV GP (collectively, the “Acquired Entities”). All of the acquired business and assets were immediately thereafter contributed by the Company to GREC. Additionally, as a result of the Acquisition, the Company acquired a controlling interest in GDEV and, as such, in connection with the Acquisition consolidated the results of operations and financial position of GDEV. Refer to Note 2. Significant Accounting Policies and Note 5. Variable Interest Entities for additional discussion, including the subsequent deconsolidation of GDEV. The Acquisition was implemented under the terms of the Contribution Agreement, dated as of May 19, 2022, by and between the Company and GCM's former parent, Group LLC, a subsequent contribution agreement between the Company and GREC pursuant to which all the acquired businesses and assets were immediately contributed by the Company to GREC, and certain related agreements. In connection with the Acquisition, Group LLC received consideration of 24,365,133 Class P-I common shares, par value $0.001 per share (the “Class P-I shares”) and 13,071,153 of a newly created class of common shares of the Company designated as the Earnout Shares, par value $0.001 per share. The number of Class P-I shares issued in the transaction was based on $8.798 per Class P-I share, the last reported net asset value published by the Company on March 31, 2022 ( or an aggregate value of $214.4 million , net of seller related deal fees and expenses paid by the Company) . In accordance with ASC 805, the Company is required to determine the fair value of consideration transferred as of the Acquisition close date of May 19, 2022, which value was determined to be $8.81 per Class P-I share (or an aggregate value of $214.7 million, net of seller related deal fees and expenses paid by the Company). In December 2022, the consideration was finalized, and 27,892 additional Class P-I shares (or an aggregate value of $0.2 million, net of seller related deal fees and expenses paid by the Company) were issued to Group LLC. The Earnout Shares are divided into three separate series, designated as “Tranche 1 Earnout Shares,” “Tranche 2 Earnout Shares,” and “Tranche 3 Earnout Shares.” The Earnout Shares are comprised of 4,357,051 Tranche 1 Earnout Shares, 4,357,051 Tranche 2 Earnout Shares, and 4,357,051 Tranche 3 Earnout Shares (consisting of 378,874 Class A Tranche 3 Earnout Shares and 3,978,177 Class B Tranche 3 Earnout Shares). All of the Earnout Shares except for the Class B Tranche 3 Earnout Shares were considered purchase consideration in the Acquisition (see below under "Share-based compensation" for further discussion of the Class B Tranche 3 Earnout Shares). Each separate series of Earnout Shares initially do not have the right to participate in any distributions payable by the Company. However, upon the achievement of separate benchmark quarter-end run-rate revenue targets applicable to each series, or upon the occurrence of certain liquidity events, each series of Earnout Shares can become “Participating Earnout Shares.” The run-rate revenue of the Company or GREC (the “Run Rate Revenue”) upon which the benchmark targets are based is determined primarily by the calculation of third-party management fee revenue during each quarter and additional capital raised from the closing of the Acquisition through December 31, 2025 (as may be extended to December 31, 2026 upon the achievement of certain Run Rate Revenue targets). The Earnout Shares may become Participating Earnout Shares as follows: (i) if the Run Rate Revenue during any calendar quarter exceeds $8.3 million but is less than $12.5 million, 2,904,410 of the Tranche 1 Earnout Shares will automatically achieve the status of Participating Earnout Shares, with the balance of such Tranche 1 Earnout Shares becoming Participating Earnout Shares ratably up to $12.5 million of Run Rate Revenue, and if the Run Rate Revenue during any calendar quarter equals or exceeds $12.5 million, 100% of the Tranche 1 Earnout shares will automatically achieve the status of Participating Earnout Shares; (ii) if the Run Rate Revenue during any calendar quarter exceeds $16.7 million but is less than $25.0 million, 2,904,410 of the Tranche 2 Earnout Shares will automatically achieve the status of Participating Earnout Shares, with the balance of such Tranche 2 Earnout Shares becoming Participating Earnout Shares ratably up to $25.0 million of Run Rate Revenue, and if the Run Rate Revenue during any calendar quarter equals or exceeds $25.0 million, 100% of the Tranche 2 Earnout shares will automatically achieve the status of Participating Earnout Shares; and (iii) if the Run Rate Revenue during any calendar quarter exceeds $25.0 million but is less than $37.5 million, the Class A Tranche 3 Earnout Shares and 2,525,827 of the Class B Tranche 3 Earnout Shares will automatically achieve the status of Participating Earnout Shares, with the balance of such Class B Tranche 3 Earnout Shares becoming Participating Earnout Shares ratably up to $37.5 million of Run Rate Revenue, and if the Run Rate Revenue during any calendar quarter equals or exceeds $37.5 million, 100% of the Tranche 3 Earnout shares will automatically achieve the status of Participating Earnout Shares. Upon achieving Participating Earnout Share status, such Earnout Shares will become entitled to priority allocations of profits and increases in value from the Company, and will (i) have equivalent economic and other rights as the Class P-I shares of the Company, (ii) vote together as a single class with the Class P-I shares on all matters submitted to holders of Class P-I shares generally, (iii) not have separate voting rights on any matters (other than amendments to the terms of the Participating Earnout Shares that affect such Participating Earnout Shares adversely and in a manner that is different from the terms of the Class P-I shares), and (iv) have the right to participate in all distributions payable by the Company, as if they were, and on a pari passu basis with, the Class P-I shares, subject to, with respect to (i) and (iv), the allocation of sufficient amounts to the Earnout Shares. At its election, a holder may convert its Participating Earnout Shares into Class P-I shares after the holder’s Earnout Shares have been allocated sufficient profits or increases of value from the Company. The aggregate purchase consideration transferred from the Company to Group LLC in exchange for the equity interests in the Acquired Entities totaled $335.0 million assuming the then share price of $8.798 per share, the last reported net asset value published by the Company on March 31, 2022. In accordance with ASC 805, the Company is required to determine the fair value of consideration transferred as of the Acquisition close date of May 19, 2022. The aggregate purchase consideration is valued at $294.1 million, which was paid in the form of the Class P-I shares (“Equity consideration” in the table below) and all of the Earnout Shares, except for the Class B Tranche 3 Earnout Shares (“Contingent consideration” in the table below) as described above. As of the Acquisition close date, the fair value of the Class P-I shares was determined to be $8.81 per Class P-I share. The fair value of the contingent consideration was estimated to be $73.6 million, which is included in Contingent consideration on the Consolidated Balance Sheet. The Earnout Shares included in purchase consideration are classified as contingent consideration liabilities and are subject to recurring fair value measurements. As of December 31, 2022, the fair value of the contingent consideration was $75.7 million. The change in fair value of the contingent consideration is included in General and administrative expenses on the Consolidated Statement of Operations. The following is a summary of the purchase consideration, as well as the fair value of the NCI in GDEV GP and GDEV at the acquisition date: May 19, 2022 Adjustments May 19, 2022 as Adjusted Fair value of consideration transferred: Equity consideration $ 214,926,938 $ — $ 214,926,938 Contingent consideration 73,600,000 — 73,600,000 Assumed expenses of Group LLC 6,227,104 — 6,227,104 Assumed debt (paid at closing) 1,500,000 — 1,500,000 Extinguishment of liabilities (2,171,328) — (2,171,328) Total purchase consideration $ 294,082,714 $ — $ 294,082,714 Fair value of the Company’s investment in GDEV (held before the Acquisition) 3,768,406 (149) 3,768,257 Fair value of the NCI in GDEV GP 533,315 (192,432) 340,883 Fair value of the NCI in GDEV 45,445,898 491,043 45,936,941 Total amount to allocate to net assets acquired and consolidated $ 343,830,333 $ 298,462 $ 344,128,795 As a result of the Company obtaining control over GDEV, the Company’s previously held interest in GDEV was remeasured to fair value. The Company’s interest in GDEV had previously been measured at fair value under ASC 946 and therefore the remeasurement did not result in an adjustment or gain or loss recognized. The Acquisition was accounted for as a business combination using the acquisition method of accounting in accordance with ASC 805. The purchase price has been allocated to the tangible assets and identifiable intangible assets acquired, and liabilities assumed, based upon their estimated fair values as of the acquisition date. In conjunction with the application of the acquisition method of accounting, the Company recognized the NCI in GDEV GP and GDEV at fair value as of the acquisition date. The fair value of the NCI, a Level 3 fair value measurement, was determined based upon a discounted cash flow methodology. The excess of the purchase price over the tangible and intangible assets acquired, and liabilities assumed, has been recorded as Goodwill on the Consolidated Balance Sheet. The Acquisition resulted in recorded goodwill of $221.3 million as a result of a higher consideration multiple paid driven by quality of the operations, including the workforce, and how the Company expects to leverage and scale the business to create additional value for its shareholders. The Company evaluates this goodwill for impairment on an annual basis and does not amortize the acquired goodwill balance for financial statement purposes. Goodwill is not expected to be deductible for income tax purposes. The goodwill was allocated $200.3 million to the IPP segment and $21.0 million to the IM segment. Refer to Note 8. Goodwill, Other Intangible Assets and Out-of-market Contracts for further discussion on the goodwill recorded as a result of the Acquisition. During 2022, the Company made certain adjustments to the estimated fair value of the assets and liabilities assumed at the date of the Acquisition and the resulting consolidation of GDEV GP and GDEV. During the three months ended December 31, 2022, the Company finalized the purchase accounting for the Acquisition. The adjusted purchase price allocation is reflected in the accompanying Consolidated Balance Sheet as of December 31, 2022. The following table details the purchase price allocation as of May 19, 2022, the adjustments made during the three months ended December 31, 2022 and the adjusted purchase price allocation as of May 19, 2022. May 19, 2022 2022 Adjustments May 19, 2022 as Adjusted Net working capital (including cash) $ 8,819,403 $ — $ 8,819,403 Property, plant and equipment 75,594 — 75,594 Investments, at fair value and other noncurrent assets 42,355,783 — 42,355,783 Trademarks 2,800,000 — 2,800,000 Channel partner relationships 95,100,000 (400,000) 94,700,000 Carried interest 278,689 (278,689) — Other liabilities (759,902) — (759,902) Deferred tax liability (25,779,277) 603,418 (25,175,859) Goodwill 220,940,043 373,733 221,313,776 Sum of acquired and consolidated net assets $ 343,830,333 $ 298,462 $ 344,128,795 The fair values of the acquired trade accounts receivables, prepaid and other current assets, accounts payable and accrued expenses, and other current liabilities approximate their carrying values due to the short-term nature of the expected timeframe to collect the amounts due, realize the balances, or settle the amounts payable, accrued expenses, and the related cash inflows or outflows are not expected to materially vary from the contractual amounts. As part of the purchase price allocation, the Company also determined the identifiable intangible assets were: (i) channel partner relationships and (ii) trademarks. The fair values of the intangible assets were estimated using the income approach, specifically the multi-period excess earnings method. The discounted cash flows used in the fair value determination of these intangible assets were based on estimates used to price the transaction, and the discount rates applied were benchmarked with reference to the implied rate of return from the transaction model and the weighted average cost of capital. These non-recurring fair value measurements are primarily determined using these unobservable inputs. Accordingly, these fair value measurements are classified within Level 3 of the fair value hierarchy. The following table summarizes the acquired goodwill and identifiable intangible assets, updated acquisition date fair value, and weighted-average amortization period: Identified intangible asset Acquisition date fair value Weighted-average amortization period (years) Trademarks $ 2,800,000 12 Channel partner relationships 94,700,000 11 Goodwill 221,313,776 — The change in the fair value of the channel partner relationships intangible asset during the three months ended December 31, 2022 did not result in a change in the respective weighted-average amortization period of 11 years. There were no changes to the fair value of the trademarks intangible asset or weighted-average amortization during the three months ended December 31, 2022. In conjunction with the Acquisition, the Company incurred $3.4 million of buyer transaction costs during the year ended December 31, 2022, of which $2.6 million was recognized in Operating expenses in the Consolidated Statement of Operations under the Investment Basis during the period from January 1, 2022 through May 18, 2022. The residual $0.8 million of buyer transaction costs were recognized in General and administrative expenses in the Consolidated Statement of Operations for the period from May 19, 2022 through December 31, 2022. The results of operations from the Acquired Entities are included in the Consolidated Financial Statements of the Company from the date of Acquisition. The revenue contributed by the Acquisition during the period from May 19, 2022 through December 31, 2022 was $1.9 million. No pro forma information has been included in these Consolidated Financial Statements for the period that the Acquired Entities were not part of the consolidated results as they are not material. Share-based compensation In connection with the Acquisition, the Earnout Shares were issued to Group LLC. Group LLC then distributed to its members the Class P-I shares and a majority of the Earnout Shares (including Tranche 1 Earnout Shares, Tranche 2 Earnout Shares and Class A of Tranche 3 Earnout Shares). Class B of the Tranche 3 Earnout Shares, however, were distributed by Group LLC to GB EO Holder LLC (“EO Holder”), an entity formed by Group LLC with the sole purpose of holding the Class B Tranche 3 Earnout Shares and distributing its equity to employees of the Company. As such, the Class B Tranche 3 Earnout Shares are classified as share-based compensation as a result of the issuance of the EO Holder equity to employees of the Company by Group LLC in exchange for their employment services post Acquisition as a vesting condition. Accordingly, the Class B Tranche 3 Earnout Shares are not part of the consideration transferred, and the Company accounts for the issuance of these shares to employees in accordance with ASC 718. EO Holder had 3,978,177 equity awards authorized to be issued, and in connection with the above described issuances to employees of the Company, issued 3,198,135 awards as of December 31, 2022, all to employees of the Company. The EO Holder equity awards issued (“EO Awards”) are equity classified, and compensation expense is based on the grant-date fair value of the GB EO Holder equity awards, $10.96 per share, which was based on the grant-date fair value of the Class B Tranche 3 Earnout Shares held by EO Holder. EO Awards shall vest in one, two or three tranches over a service period ranging from one two For the period from May 19, 2022 through December 31, 2022, the Company recognized share-based compensation expenses of $6.9 million, which are included in General and administrative expenses in the Consolidated Statement of Operations. As of December 31, 2022, unrecognized share-based compensation expense associated with the EO Awards is $27.3 million, which is expected to be amortized over a weighted average period of 2.5 years. The Company recognized total forfeitures of $0.1 million during the period from May 19, 2022 through December 31, 2022. In addition, prior to the Acquisition, GDEV GP had issued carried interest to GREC as the initial investor in GDEV and to certain employees of GCM that provided services to GDEV GP. The carried interest units held by GREC were sold to a third party investor as part of the sale of GREC’s interest in GDEV on November 18, 2022. Holders of carried interest receive distributions based on carried interest received by GDEV GP from GDEV, once the management fee shortfall has been reduced to zero. Vesting among employees is based on either the continued service of the participant or on the achievement of performance goals set out in the applicable award agreement. There was no change to the carried interest holdings as a result of the Acquisition. The Company accounts for the carried interests issued to employees in accordance with ASC Topic 710, Compensation - General ("ASC 710"). The carried interests issued to employees are liability classified, and compensation expense for the carried interests is based on the change in the fair value of the carried interests. For the period from May 19, 2022 through December 31, 2022, the compensation expense recognized on the carried interests was $0.4 million. Other Acquisitions For acquisitions in which the Company acquires assets, including intangible assets, and assumes liabilities that do not constitute a business, the amount of the purchase consideration is equal to the fair value of the net assets acquired. The purchase consideration, including transaction costs, is allocated to the individual assets and liabilities assumed based on their relative fair values. During the period from May 19, 2022 through December 31, 2022, the Company acquired membership interests in 30 renewable energy projects, all of which were either in development or under construction, for total consideration of $76.3 million. The purchase price of the assets acquired during the year ended December 31, 2022 has been allocated on a relative fair value basis as follows: Land $ 5,111,157 Property, plant and equipment 71,156,183 Intangible assets 1,193,000 ROU asset 2,923,333 Less: Liabilities assumed (4,111,186) Total $ 76,272,487 The following table summarizes the acquired identifiable intangible assets, acquisition date estimated fair value, and weighted average amortization period for intangible assets acquired as a result of the asset acquisitions completed during the year ended December 31, 2022: Identified intangible asset Acquisition data fair value Weighted-average amortization period (years) PPA contracts - out-of-market $ (889,000) 20 REC contracts - favorable $ 1,193,000 20

Revenue

Revenue	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Note 4. Revenue Disaggregation of Revenue The following table provides information on the disaggregation of revenue as recorded in the Consolidated Statement of Operations: Period from May 19, 2022 through December 31, 2022 Energy sales $ 86,186,684 RECs and other incentives 15,409,263 Investment Management revenue 1,918,911 Other revenue 7,505,530 Contract amortization, net (10,529,266) Total revenue 100,491,122 Less: Contract amortization, net 10,529,266 Less: Lease revenue (6,025,782) Less: Investment, dividend and interest income (7,511,660) Total revenue from contracts with customers $ 97,482,946 Contract Amortization Intangible assets and out-of-market contracts recognized from PPAs and REC contracts assumed through acquisitions related to the sale of energy in future periods for which the fair value has been determined to be less (more) than market are amortized to revenue over the term of each underlying contract on a straight-line basis. Contract Balances Company billing practices are dictated by the contract terms and are typically done in arrears based upon the amount of power delivered in the prior period. The Company did not record any contract assets as of December 31, 2022, as none of its rights to payment were subject to a particular event other than passage of time. Included within the Accounts receivable balance on the Consolidated Balance Sheet, the Company had a receivable balance of $19.0 million related to contracts with customers as of December 31, 2022. The Company's receivable balance related to contracts with customers as of May 19, 2022 was $25.1 million. The Company has contract liabilities related to amounts received in advance from certain PPA customers upon the related solar projects reaching COD. The Company recorded $0.7 million of contracts liabilities as of December 31, 2022. The Company’s amortization due to contract liabilities was not material for the period May 19, 2022 through December 31, 2022. Costs to Obtain a Contract The Company’s incremental costs of obtaining a contract (i.e., commissions) are recognized as an asset if the entity expects to recover them. These costs are amortized over the expected period of benefit of the related contracts. The Company has capitalized $1.6 million in costs to obtain a contract as of December 31, 2022. Remaining Performance Obligations Remaining performance obligations represent fixed contracted revenue related to the Company's commitment to deliver a certain number of RECs in the future that has not been recognized, which includes amounts that will be billed and recognized as revenue in future periods. As of December 31, 2022, the Company had $19.1 million of remaining performance obligations. The following table includes the approximate amounts expected to be recognized related to remaining performance obligations as of December 31: Amount 2023 $ 6,898,932 2024 4,993,097 2025 1,987,489 2026 1,855,290 2027 788,102 Thereafter 2,604,233 Total $ 19,127,143

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Variable Interest Entities	Note 5. Variable Interest Entities Consolidated Variable Interest Entities As described in Note 2. Significant Accounting Policies, the Company assesses entities for consolidation in accordance with ASC 810 and consolidates entities that are VIEs for which the Company has been designated as the primary beneficiary. The Company did not recognize any gain or loss on the initial consolidation of any of its VIEs. The Company through various wholly-owned subsidiaries, is the managing member in 15 tax equity partnerships, where the other members are Tax Equity Investors under tax equity financing facilities. Tax Equity Investors are passive investors, usually large tax-paying financial entities such as banks, insurance companies and utility affiliates that use these investments to reduce future tax liabilities. Refer to Note 16. Noncontrolling Interests and Redeemable Noncontrolling Interests for further discussion. These entities generate income through renewable energy and sustainable development projects primarily within North America. The entities represent a diversified portfolio of income-producing renewable energy power facilities that sell long-term electricity contracts to offtakers with high credit quality, such as utilities, municipalities, and corporations. The Company has determined that these tax equity partnerships are VIEs. Additionally, through its role as managing member of these VIEs, the Company has the power to direct the activities that most significantly impact the economic performance of these VIEs. In addition, the Company has the obligation to absorb losses or the right to receive benefits that could potentially be more than insignificant to the VIEs. As of December 31, 2022, the Company consolidated each tax equity partnership for which it is the managing member and considered the primary beneficiary. The assets and liabilities of the consolidated tax equity partnerships totaled approximately $1.3 billion and $215.3 million, respectively, as of December 31, 2022. The assets largely consisted of property, plant and equipment, and the liabilities primarily consisted of the out-of-market contracts. Unconsolidated Variable Interest Entities Prior to the sale of GREC’s interest in GDEV on November 18, 2022, GDEV was a consolidated subsidiary of the Company. In October 2020, GDEV was launched to make private equity and development capital investments in the sustainable infrastructure industry. Prior to the Acquisition, GREC made a direct equity investment in GDEV. As the initial investor, GREC was awarded a 10.00% carried interest participation in GDEV GP, GDEV’s general partner. The amended and restated limited partnership agreement of GDEV provide for a 20.00% carried interest over an 8.00% hurdle, subject to side letter agreements. On May 19, 2022, in conjunction with the Acquisition and specifically the acquisition of a 75.00% equity interest stake in GDEV GP, the Company assumed GDEV GP's additional commitment to GDEV and gained control over GDEV GP under the voting interest model. Additionally, the Company through GDEV GP’s role as general partner of the GDEV partnership, assumed operational control over GDEV. As a result, the Company has determined that GDEV is a VIE. Prior to the transaction, GREC had an equity interest of approximately 7.37% in GDEV (fair value of approximately $3.8 million as of May 19, 2022). As a result of the acquisition of 75.00% of the equity interests in GDEV GP, the Company acquired an additional 2.80% equity interest in GDEV (fair value of approximately $1.4 million as of May 19, 2022). Additionally, certain officers and other members of management of the Company had prior to the Acquisition and still have an aggregate equity interest of less than 1.00% in GDEV, and an employee of the Company holds the remaining 25.00% of the equity interest in GDEV GP. As a result of GDEV GP’s control over GDEV, in combination with the resulting equity interest the Company and its officers and management had in GDEV, the Company previously determined that it was the primary beneficiary of GDEV. As a result, the results of operations of GDEV were consolidated. As previously discussed in Note 2. Significant Accounting Policies, GDEV presents its stand-alone financial statements in accordance with ASC 946. In accordance with ASC 946, when a company that follows ASC 946 is consolidated into financial statements of a company that does not follow ASC 946, the results of operations and statement of position of the investment company shall continue to be presented in accordance with ASC 946. As such, the results of operations and statement of position of GDEV were presented in accordance with ASC 946. On November 18, 2022, GREC sold its investment in GDEV to an unrelated third party. As of December 31, 2022, GDEV GP held 3.70% of the interests in GDEV. The Company has determined that it is no longer the primary beneficiary of GDEV. Therefore, the Company no longer consolidates GDEV. See Note 2. Significant Accounting Policies for additional information on the deconsolidation. After the deconsolidation, management has determined that the Company can still exert significant influence over operating and financial policies because of its ownership of GDEV GP. Accordingly, the Company accounts for its investment in GDEV as an equity method investment and has elected the fair value option, as management deems fair value to be more relevant than historical cost. The Company’s maximum exposure to loss as a result of its involvement with GDEV is equal to $2.5 million, which is the sum of the Company’s existing investment in GDEV and the remaining commitments to GDEV, less the portion attributable to the noncontrolling interest in GDEV GP. On November 15, 2022, the Company through its majority owned subsidiary GDEV GP II made an investment in GDEV II totaling $0.3 million. The Company has determined that GDEV II is a VIE but that it is not the primary beneficiary. Therefore, the Company does not consolidate GDEV II. The Company can exert significant influence over operating and financial policies because of its ownership of GDEV GP II, GDEV II’s general partner. Accordingly, GDEV GP II, which is a consolidated subsidiary of the Company, accounted for its investment in GDEV II as an equity method investment and elected the fair value option as management deems fair value to be more relevant than historical cost. The Company’s maximum exposure to loss as a result of its involvement with GDEV II is $1.5 million, which is GDEV GP II’s total capital commitment to GDEV II, less the portion of the capital commitment attributable to the noncontrolling interest in GDEV GP II. During February 2016, Aurora Solar was formed. As of December 31, 2022, the Company’s investment represented approximately 49.00% of Aurora Solar’s issued and outstanding common shares. The Company determined that Aurora Solar is a VIE but that it is not the primary beneficiary because it does not have the power to direct the activities that most significantly impact Aurora Solar. The Company can exert significant influence over operating and financial policies because of its ownership interest in Aurora Solar. Accordingly, the Company accounts for its investment in the common shares of Aurora Solar as an equity method investment and has elected the fair value option as management deems fair value to be more relevant than historical cost. The Company’s maximum exposure to loss is equal to the value of its investment in Aurora Solar. During September 2021, OYA Solar was formed. As of December 31, 2022, the Company’s investment represented approximately 50.00% of OYA Solar’s issued and outstanding equity shares. The Company determined that OYA Solar is a VIE but that it is not the primary beneficiary because it does not have the power to direct the activities that most significantly impact OYA Solar. The Company can exert significant influence over operating and financial policies because of its ownership interest in OYA Solar. Accordingly, the Company accounts for its investment in the preferred shares of OYA Solar as an equity method investment and has elected the fair value option as management deems fair value to be more relevant than historical cost. The Company’s maximum exposure to loss as of December 31, 2022, includes the current value of its investment in OYA Solar, the Company’s remaining unfunded commitments to OYA Solar of $3.9 million, and the guaranteed amounts discussed in the following paragraphs. Pursuant to the amended and restated limited liability company agreement of OYA Solar, the other 50.00% member has indemnified the Company against any draws or demands under these guarantees. The Company is not able to quantify its exposure to loss as a result of certain of these guarantees as noted below. The Company considers it remote that it would be required to make payments under any of these guarantees. Three subsidiaries of OYA Solar have entered into tax equity partnerships with investor members. The Company, along with the parent company of the other 50.00% member of OYA Solar, provided guarantees to the tax equity investor members for the payment and performance of all obligations of these subsidiaries under the partnership documents as well as affiliate contracts. In two of these arrangements, the tax equity investor members are required to make demand for payment or performance of the guaranteed obligations by the parent company of the other 50.00% member prior to making a demand from the Company for payment or performance of the guaranteed obligations. Two of the three guarantees do not have maximum liability amounts, and therefore the Company is not able to quantify the maximum potential amount of future payments (undiscounted) that the Company could be required to make under the guarantees. Under the third guarantee, the maximum potential amount of future payments (undiscounted) that the Company could be required to make under the guarantee is $21.3 million, with certain exceptions in which case the limit would not apply. The guarantees will remain in full force and effect until the termination of the limited liability company agreements of the tax equity partnerships, the transfer of the tax equity investor members’ membership interests, and/or the obligations under the guarantees are performed in full, depending on the specific terms of the guarantee. The Company has not recorded a liability for these guarantees. In addition, certain subsidiaries of OYA Solar have entered into loan agreements with certain financial institutions. The Company has provided guarantees of certain obligations under the loan agreements upon the occurrence and continuance of a

Fair Value Measurements and Inv

Fair Value Measurements and Investments	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements and Investments	Note 6. Fair Value Measurements and Investments Authoritative guidance on fair value measurements defines fair value as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between marketplace participants. This guidance also establishes a framework for classifying the inputs used to determine fair value into three levels within a hierarchy. Refer to Note 2. Significant Accounting Policies for the definitions of each of the three levels. The following table presents the fair values of the Company's financial assets and liabilities as of December 31, 2022 and the basis for determining their fair values: Fair value as of December 31, 2022 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 195,839,516 $ — $ 195,839,516 Equity method investments — — 92,554,266 92,554,266 Contingent consideration — — (75,700,000) (75,700,000) Total $ — $ 195,839,516 $ 16,854,266 $ 212,693,782 The following table reconciles the beginning and ending balances for instruments that are recognized at fair value in the consolidated financial statements using significant unobservable inputs: Balance as of May 19, Acquired and consolidated in the Acquisition Purchases Sales and deconsolidation Unrealized gain on investments, net Change in contingent consideration Balance as of December 31, Other investments $ 3,846,586 $ 38,587,628 $ 29,326,673 $ (73,632,120) $ 1,871,233 $ — $ — Equity method investments 86,578,481 — 5,474,361 1,974,178 (1,472,754) — 92,554,266 Contingent consideration — (73,600,000) — — — (2,100,000) (75,700,000) Total $ 90,425,067 $ (35,012,372) $ 34,801,034 $ (71,657,942) $ 398,479 $ (2,100,000) $ 16,854,266 The Company does not have any non-financial assets or liabilities measured at fair value as of December 31, 2022. The Company uses several different valuation techniques to measure the fair value of assets and liabilities. Certain financial instruments may be valued using multiple inputs, including discount rates, expected cash flows, and other inputs. The assessment of the significance of any particular input to the fair value measurement requires judgment and may affect the fair value measurement of assets and liabilities and the placement of those assets and liabilities within the fair value hierarchy levels. Non-performance risk, including the consideration of a credit valuation adjustment, is also considered in the determination of fair value for all assets and liabilities measured at fair value. There were no transfers between Levels 1, 2, or 3 for the period from May 19, 2022 through December 31, 2022. Derivative assets and liabilities—The Company estimates the fair value of its interest rate derivatives using a discounted cash flow valuation technique based on the net amount of estimated future cash flows related to the agreements. The primary inputs used in the fair value measurement include the contractual terms of the derivative agreements, current interest rates, and credit spreads. The significant inputs for the resulting fair value measurement are market-observable inputs, and thus the swaps are classified as Level 2 in the fair value hierarchy. Equity method investments—In the table above, certain equity method investments may be valued at the purchase price for a period of time after an acquisition as the best indicator of fair value. In addition, certain valuations of investments may be entirely or partially derived by reference to observable valuation measures for a pending or consummated transaction. In the absence of quoted prices in active markets, the Company uses a variety of techniques to measure the fair value of its investments. The methodologies incorporate the Company’s assumptions about the factors that a market participant would use to value the investment. The various unobservable inputs used to determine the Level 3 valuations may have similar or diverging impacts on valuation. Significant increases and decreases in these inputs in isolation and interrelationships between those inputs could result in significantly higher or lower fair value measurements. The following table quantifies the significant unobservable inputs used in determining the fair value of equity method investments as of December 31, 2022: Unobservable Input Input/Range Discount rate 6.80%-7.80% (median 7.30%) kWh production 0.50% annual degradation in production Potential leverage and estimated remaining useful life 29.5 years Prior to the deconsolidation of GDEV as discussed in Note 2. Significant Accounting Policies, the Company’s investments included the results of consolidating the financial position and results of operations of GDEV. The Company through its majority owned subsidiary GDEV GP, continues to hold an investment in GDEV as of December 31, 2022. The Company accounts for this investment as an equity method investment. As discussed in Note 5. Variable Interest Entities, the Company through its majority owned subsidiary GDEV GP II made an investment in GDEV II on November 15, 2022. The Company accounts for this investment as an equity method investment. The Company has unfunded commitments to GDEV and GDEV II of $1.0 million and $1.3 million, respectively. The investments in GDEV and GDEV II represent investments in a partnership in which no partner is permitted to make a withdrawal of any of its capital contributions. GDEV GP and GDEV GP II are required to cause the respective partnerships to distribute, as distributions, amounts available to the partners within 90 days of the receipt of amounts available for distribution, in the sole discretion of the GDEV GP and GDEV GP II, respectively. As of December 31, 2022, the value of the Company's investments in OYA, Aurora Solar, GDEV and GDEV II, its equity method investments, were $18.6 million, $71.3 million, $2.3 million and $0.3 million, respectively. Equity method investments are recorded to Investments, at fair value on the Consolidated Balance Sheet as of December 31, 2022. During the period from May 19, 2022 through December 31, 2022, the Company recorded a net unrealized gain on investments of $0.4 million due to unrealized gains of $1.9 million related to GDEV from May 19, 2022 to November 17, 2022, prior to deconsolidation, and an immaterial gain related to GDEV GP’s investment in GDEV from November 18, 2022 to December 31, 2022, offset by an unrealized loss of $1.7 million on Aurora Solar. The unrealized gain is recorded in Unrealized gain on investments, net on the Consolidated Statement of Operations. Contingent consideration—The Company estimates the fair value of its contingent consideration associated with the Acquisition based on the likelihood of payment related to the contingent clause and the date when payment is expected to occur. The contingent consideration is reflected in Contingent consideration included in noncurrent liabilities on the Consolidated Balance Sheet. For the period from May 19, 2022 through December 31, 2022, the Company recorded a change in fair value of contingent consideration of $2.1 million as an increase in General and administrative expenses on the Consolidated Statement of Operations. The fair value of the contingent consideration is measured based on significant unobservable inputs, including the contractual payment amount due upon reaching the designated thresholds, the discount rate, and the date when payment is expected and is classified as Level 3 in the fair value hierarchy. The various unobservable inputs used to determine the Level 3 valuation may have similar or diverging impacts on valuation. Significant increases and decreases in these inputs in isolation and interrelationships between those inputs could result in significantly higher or lower fair value measurements. The following quantifies the significant unobservable inputs used to determine the fair value of contingent consideration as of December 31, 2022: Unobservable Input Input/Range Risk-Free Rate Over Earnout Term 4.10% Revenue Discount Rate 11.00% Annualized Revenue Volatility 42.50% Annualized Share Price Volatility 27.50% Quarterly Revenue / Share Price Correlation 45.00%

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Note 7. Property, Plant and EquipmentProperty, plant and equipment, net consists of the following: December 31, 2022 Land $ 16,320,841 Plant and equipment 1,874,201,117 Asset retirement obligation 30,483,255 Other 319,536 Total property, plant and equipment $ 1,921,324,749 Accumulated depreciation (31,619,220) Property, plant and equipment, net $ 1,889,705,529 As of December 31, 2022, Property, plant and equipment, net, includes construction-in-progress of $396.2 million. Construction-in-progress includes $116.6 million of development costs. Depreciation expense for the period from May 19, 2022 through December 31, 2022 was $31.6 million, and is recorded within Depreciation, amortization and accretion on the Consolidated Statement of Operations.

Goodwill, Other Intangible Asse

Goodwill, Other Intangible Assets and Out-of-market Contracts	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Other Intangible Assets and Out-of-market Contracts	Note 8. Goodwill, Other Intangible Assets and Out-of-market Contracts Goodwill As of May 19, 2022, the closing date of the Acquisition, and as of December 31, 2022, goodwill totaled $221.3 million. Other Intangible Assets and Out-of-market Contracts The Company has two categories of intangibles, those related to the Acquisition discussed in Note 3. Acquisitions, and those related to the Company's consolidated subsidiaries resulting from PPA and REC contracts. Other intangible assets consisted of the following: Gross carrying amount Accumulated amortization Net intangible assets as of December 31, 2022 PPA contracts $ 422,176,259 $ (18,459,864) $ 403,716,395 REC contracts 46,235,383 (1,164,753) 45,070,630 Trademarks 2,800,000 (466,667) 2,333,333 Channel partner relationships 94,700,000 (6,199,394) 88,500,606 Other intangible assets 1,000,000 — 1,000,000 Total intangible assets, net $ 566,911,642 $ (26,290,678) $ 540,620,964 Amortization expense related to intangible assets was $26.3 million for the period from May 19, 2022 through December 31, 2022, which includes $19.6 million of Contract amortization, net that was recorded as a reduction to revenue for favorable PPA and REC contracts in the Consolidated Statement of Operations. The Company also has PPA and REC contracts that are held in an unfavorable position (out-of-market contracts), which consists of the following as of December 31, 2022: Gross carrying amount Accumulated amortization Net out-of-market contracts as of December 31, 2022 PPA contracts $ (198,445,904) $ 4,881,935 $ (193,563,969) PPA contracts - signed MIPA assets (1) (5,401,517) — (5,401,517) REC contracts (19,763,291) 4,213,416 (15,549,875) REC contracts - signed MIPA assets (1) (3,596,960) — (3,596,960) Total out-of-market contracts, net $ (227,207,672) $ 9,095,351 $ (218,112,321) (1) Signed MIPA assets are defined as assets that have an executed contractual MIPA or Purchase and Sale Agreement but have not yet closed. The amounts recorded to out-of-market contracts are amortized to Contract amortization, net similar to favorable PPA and REC contracts. The Company recorded $9.1 million of contract amortization contra-expense related to out-of-market contracts during the period from May 19, 2022 through December 31, 2022. The net impact of PPA and REC contracts and out-of-market contracts was a net $10.5 million of amortization expense during the period from May 19, 2022 through December 31, 2022, which is recorded as Contract amortization, net in the Consolidated Statement of Operations. Estimated future annual amortization expense for the above amortizable intangible assets and out-of-market contracts for the remaining periods through December 31, 2022 as follows: Amortization Expense 2023 $ 26,911,723 2024 28,529,561 2025 30,792,701 2026 30,931,996 2027 31,145,578 Thereafter 174,197,084 Total $ 322,508,643

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	Note 9. Leases Lessee Arrangements The Company has site lease agreements with various entities for the properties where renewable energy facilities have been constructed which provide the right to own and operate the projects on land and rooftops. The Company’s most significant lease liabilities relate to real estate leases that have initial contract lease terms ranging from one Leases are classified as either operating or financing. For operating leases, the Company has recognized a lease liability equal to the present value of the remaining lease payments, and a ROU asset equal to the lease liability, subject to certain adjustments, such as for prepaid rents. The Company used its incremental borrowing rate to determine the present value of the lease payments. Operating leases result in a straight-line lease expense. The Company has determined that all of its leases that existed as of December 31, 2022 are operating leases. There were no impairment indicators identified during the year ended December 31, 2022 that required an impairment test for the Company’s ROU assets or other long-lived assets in accordance with ASC 360. The components of lease expense and supplemental cash flow information related to leases for the period are as follows: Period from May 19, 2022 through December 31, 2022 Lease cost Operating lease cost $ 6,110,415 Short-term lease cost 131,089 Variable lease cost 643,641 Total lease cost $ 6,885,145 Other information Cash paid for amounts included in the measurement of lease liabilities $ 3,676,200 Operating cash flows from operating leases $ (3,676,200) ROU assets obtained in exchange for new operating lease liabilities $ 110,412,328 Weighted average remaining lease term – operating leases 28 years Weighted average discount rate – operating leases 6.73% Operating lease cost includes $0.4 million associated with leases embedded in PPAs for which no or de minimis payments are made. The Company estimates the fair value of the lease payments and grosses up both revenue and expense by this amount. Operating lease cost also includes $0.7 million of lease cost capitalized to the cost of projects during development and construction. The supplemental balance sheet information related to leases for the period is as follows: December 31, 2022 Operating leases Operating lease assets $ 102,594,813 Operating lease liabilities, current (2,193,343) Operating lease liabilities, noncurrent (101,281,144) Total operating lease liabilities $ (103,474,487) Operating lease assets and operating lease liabilities, current, are recorded in Other noncurrent assets Other current liabilities Maturities of the Company’s lease liabilities are as follows: Year Ending Operating Leases 2023 $ 8,541,786 2024 8,609,098 2025 8,538,998 2026 8,538,259 2027 8,573,244 Thereafter 200,218,632 Total lease payments 243,020,017 Less: Imputed interest (139,545,530) Present value of lease liabilities $ 103,474,487 Lessor Arrangements A portion of the Company’s operating revenues are generated from delivering electricity and related products from owned solar and wind renewable energy facilities under PPAs in which the Company is the lessor. In addition, the Company has certain energy optimization service agreements that involve the use of a battery in which the Company is the lessor. For these PPAs, revenue is recognized when electricity is delivered and is accounted for as rental income under the lease standard. The adoption of ASC 842 did not have an impact on the accounting policy for rental income from the Company’s PPAs in which it is the lessor. The Company elected the package of practical expedients available under ASC 842, which did not require the Company to reassess its lease classification from ASC 840. Additionally, the Company elected the practical expedient to not separate lease and non-lease components for lessors. This election allows energy (lease component) and RECs (non-lease components) under bundled PPAs to be accounted for as a singular lease unit of account under ASC 842. The Company’s PPAs do not contain any residual value guarantees or material restrictive covenants. As a result of the adoption of ASC 842 on January 1, 2022, the Company does not expect that PPAs that it enters into in the future will meet the definition of a lease. The Company may enter into battery storage agreements or bundled solar and storage agreements in the future that may contain one or more lease components. Certain of the Company’s PPAs related to its solar or wind generating plants qualify as operating leases with remaining terms through 2047. Certain agreements include renewal, termination or purchase options. Property subject to operating leases, where the Company or one of its subsidiaries is the lessor, is included in Property, plant and equipment, net on the Consolidated Balance Sheet and rental income from these leases is included in Energy revenue on the Consolidated Statement of Operations. Lease income is based on energy generation; therefore, all rental income is variable under these leases. The variable lease income related to these agreements for the period from May 19, 2022 through December 31, 2022 was $6.0 million and is included in Energy revenue on the Consolidated Statement of Operations. As of December 31, 2022, the Company’s solar and wind generating plants subject to these leases had a total carrying value of $67.4 million. Certain of the Company’s energy optimization service agreements qualify as operating leases with remaining terms through 2031. Lease income under these agreements is generally fixed and recognized on a straight-line basis over the term of the lease. The lease income related to these agreements for the period from May 19, 2022 through December 31, 2022 were not material and is not expected to be material for the ensuing five years.
Leases	Note 9. Leases Lessee Arrangements The Company has site lease agreements with various entities for the properties where renewable energy facilities have been constructed which provide the right to own and operate the projects on land and rooftops. The Company’s most significant lease liabilities relate to real estate leases that have initial contract lease terms ranging from one Leases are classified as either operating or financing. For operating leases, the Company has recognized a lease liability equal to the present value of the remaining lease payments, and a ROU asset equal to the lease liability, subject to certain adjustments, such as for prepaid rents. The Company used its incremental borrowing rate to determine the present value of the lease payments. Operating leases result in a straight-line lease expense. The Company has determined that all of its leases that existed as of December 31, 2022 are operating leases. There were no impairment indicators identified during the year ended December 31, 2022 that required an impairment test for the Company’s ROU assets or other long-lived assets in accordance with ASC 360. The components of lease expense and supplemental cash flow information related to leases for the period are as follows: Period from May 19, 2022 through December 31, 2022 Lease cost Operating lease cost $ 6,110,415 Short-term lease cost 131,089 Variable lease cost 643,641 Total lease cost $ 6,885,145 Other information Cash paid for amounts included in the measurement of lease liabilities $ 3,676,200 Operating cash flows from operating leases $ (3,676,200) ROU assets obtained in exchange for new operating lease liabilities $ 110,412,328 Weighted average remaining lease term – operating leases 28 years Weighted average discount rate – operating leases 6.73% Operating lease cost includes $0.4 million associated with leases embedded in PPAs for which no or de minimis payments are made. The Company estimates the fair value of the lease payments and grosses up both revenue and expense by this amount. Operating lease cost also includes $0.7 million of lease cost capitalized to the cost of projects during development and construction. The supplemental balance sheet information related to leases for the period is as follows: December 31, 2022 Operating leases Operating lease assets $ 102,594,813 Operating lease liabilities, current (2,193,343) Operating lease liabilities, noncurrent (101,281,144) Total operating lease liabilities $ (103,474,487) Operating lease assets and operating lease liabilities, current, are recorded in Other noncurrent assets Other current liabilities Maturities of the Company’s lease liabilities are as follows: Year Ending Operating Leases 2023 $ 8,541,786 2024 8,609,098 2025 8,538,998 2026 8,538,259 2027 8,573,244 Thereafter 200,218,632 Total lease payments 243,020,017 Less: Imputed interest (139,545,530) Present value of lease liabilities $ 103,474,487 Lessor Arrangements A portion of the Company’s operating revenues are generated from delivering electricity and related products from owned solar and wind renewable energy facilities under PPAs in which the Company is the lessor. In addition, the Company has certain energy optimization service agreements that involve the use of a battery in which the Company is the lessor. For these PPAs, revenue is recognized when electricity is delivered and is accounted for as rental income under the lease standard. The adoption of ASC 842 did not have an impact on the accounting policy for rental income from the Company’s PPAs in which it is the lessor. The Company elected the package of practical expedients available under ASC 842, which did not require the Company to reassess its lease classification from ASC 840. Additionally, the Company elected the practical expedient to not separate lease and non-lease components for lessors. This election allows energy (lease component) and RECs (non-lease components) under bundled PPAs to be accounted for as a singular lease unit of account under ASC 842. The Company’s PPAs do not contain any residual value guarantees or material restrictive covenants. As a result of the adoption of ASC 842 on January 1, 2022, the Company does not expect that PPAs that it enters into in the future will meet the definition of a lease. The Company may enter into battery storage agreements or bundled solar and storage agreements in the future that may contain one or more lease components. Certain of the Company’s PPAs related to its solar or wind generating plants qualify as operating leases with remaining terms through 2047. Certain agreements include renewal, termination or purchase options. Property subject to operating leases, where the Company or one of its subsidiaries is the lessor, is included in Property, plant and equipment, net on the Consolidated Balance Sheet and rental income from these leases is included in Energy revenue on the Consolidated Statement of Operations. Lease income is based on energy generation; therefore, all rental income is variable under these leases. The variable lease income related to these agreements for the period from May 19, 2022 through December 31, 2022 was $6.0 million and is included in Energy revenue on the Consolidated Statement of Operations. As of December 31, 2022, the Company’s solar and wind generating plants subject to these leases had a total carrying value of $67.4 million. Certain of the Company’s energy optimization service agreements qualify as operating leases with remaining terms through 2031. Lease income under these agreements is generally fixed and recognized on a straight-line basis over the term of the lease. The lease income related to these agreements for the period from May 19, 2022 through December 31, 2022 were not material and is not expected to be material for the ensuing five years.
Leases	Note 9. Leases Lessee Arrangements The Company has site lease agreements with various entities for the properties where renewable energy facilities have been constructed which provide the right to own and operate the projects on land and rooftops. The Company’s most significant lease liabilities relate to real estate leases that have initial contract lease terms ranging from one Leases are classified as either operating or financing. For operating leases, the Company has recognized a lease liability equal to the present value of the remaining lease payments, and a ROU asset equal to the lease liability, subject to certain adjustments, such as for prepaid rents. The Company used its incremental borrowing rate to determine the present value of the lease payments. Operating leases result in a straight-line lease expense. The Company has determined that all of its leases that existed as of December 31, 2022 are operating leases. There were no impairment indicators identified during the year ended December 31, 2022 that required an impairment test for the Company’s ROU assets or other long-lived assets in accordance with ASC 360. The components of lease expense and supplemental cash flow information related to leases for the period are as follows: Period from May 19, 2022 through December 31, 2022 Lease cost Operating lease cost $ 6,110,415 Short-term lease cost 131,089 Variable lease cost 643,641 Total lease cost $ 6,885,145 Other information Cash paid for amounts included in the measurement of lease liabilities $ 3,676,200 Operating cash flows from operating leases $ (3,676,200) ROU assets obtained in exchange for new operating lease liabilities $ 110,412,328 Weighted average remaining lease term – operating leases 28 years Weighted average discount rate – operating leases 6.73% Operating lease cost includes $0.4 million associated with leases embedded in PPAs for which no or de minimis payments are made. The Company estimates the fair value of the lease payments and grosses up both revenue and expense by this amount. Operating lease cost also includes $0.7 million of lease cost capitalized to the cost of projects during development and construction. The supplemental balance sheet information related to leases for the period is as follows: December 31, 2022 Operating leases Operating lease assets $ 102,594,813 Operating lease liabilities, current (2,193,343) Operating lease liabilities, noncurrent (101,281,144) Total operating lease liabilities $ (103,474,487) Operating lease assets and operating lease liabilities, current, are recorded in Other noncurrent assets Other current liabilities Maturities of the Company’s lease liabilities are as follows: Year Ending Operating Leases 2023 $ 8,541,786 2024 8,609,098 2025 8,538,998 2026 8,538,259 2027 8,573,244 Thereafter 200,218,632 Total lease payments 243,020,017 Less: Imputed interest (139,545,530) Present value of lease liabilities $ 103,474,487 Lessor Arrangements A portion of the Company’s operating revenues are generated from delivering electricity and related products from owned solar and wind renewable energy facilities under PPAs in which the Company is the lessor. In addition, the Company has certain energy optimization service agreements that involve the use of a battery in which the Company is the lessor. For these PPAs, revenue is recognized when electricity is delivered and is accounted for as rental income under the lease standard. The adoption of ASC 842 did not have an impact on the accounting policy for rental income from the Company’s PPAs in which it is the lessor. The Company elected the package of practical expedients available under ASC 842, which did not require the Company to reassess its lease classification from ASC 840. Additionally, the Company elected the practical expedient to not separate lease and non-lease components for lessors. This election allows energy (lease component) and RECs (non-lease components) under bundled PPAs to be accounted for as a singular lease unit of account under ASC 842. The Company’s PPAs do not contain any residual value guarantees or material restrictive covenants. As a result of the adoption of ASC 842 on January 1, 2022, the Company does not expect that PPAs that it enters into in the future will meet the definition of a lease. The Company may enter into battery storage agreements or bundled solar and storage agreements in the future that may contain one or more lease components. Certain of the Company’s PPAs related to its solar or wind generating plants qualify as operating leases with remaining terms through 2047. Certain agreements include renewal, termination or purchase options. Property subject to operating leases, where the Company or one of its subsidiaries is the lessor, is included in Property, plant and equipment, net on the Consolidated Balance Sheet and rental income from these leases is included in Energy revenue on the Consolidated Statement of Operations. Lease income is based on energy generation; therefore, all rental income is variable under these leases. The variable lease income related to these agreements for the period from May 19, 2022 through December 31, 2022 was $6.0 million and is included in Energy revenue on the Consolidated Statement of Operations. As of December 31, 2022, the Company’s solar and wind generating plants subject to these leases had a total carrying value of $67.4 million. Certain of the Company’s energy optimization service agreements qualify as operating leases with remaining terms through 2031. Lease income under these agreements is generally fixed and recognized on a straight-line basis over the term of the lease. The lease income related to these agreements for the period from May 19, 2022 through December 31, 2022 were not material and is not expected to be material for the ensuing five years.

Debt

Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	Note 10. Debt The Company has entered into credit facilities and loan agreements through its subsidiaries, as described below. Outstanding Interest rate Maturity date GREC Entity HoldCo 74,196,983 1 mo. LIBOR + 1.75% June 20, 2025 Midway III Manager LLC 14,609,867 3 mo. LIBOR + 1.63% October 31, 2025 Trillium Manager LLC 72,736,786 3 mo. LIBOR + 1.88% June 9, 2027 GB Wind Holdco LLC 122,684,036 3 mo. LIBOR + 1.38% November 22, 2027 Greenbacker Wind Holdings II LLC 72,476,839 3 mo. LIBOR + 1.88% December 31, 2026 Conic Manager LLC 24,356,358 3 mo. LIBOR + 1.75% April 1, 2028 Turquoise Manager LLC 31,687,423 3 mo. LIBOR + 1.25% December 23, 2027 Eagle Valley Clean Energy LLC 35,112,342 1.91% January 2, 2057 Eagle Valley Clean Energy LLC (Premium financing agreement) 1,063,438 6.99% November 30, 2023 Greenbacker Equipment Acquisition Company LLC 6,500,000 Prime + 1.00% March 31, 2023 ECA Finco I, LLC 19,756,803 3 mo. LIBOR + 2.25% February 25, 2028 GB Solar TE 2020 Manager LLC 19,182,430 3 mo. LIBOR + 1.88% October 30, 2026 Sego Lily Solar Manager LLC 137,445,285 1 mo. SOFR + 1.38% August 17, 2028 Celadon Manager LLC 61,925,120 1 mo. SOFR + 1.50% February 18, 2029 GRP II Borealis Solar LLC 41,787,517 3 mo. LIBOR + 2.50% June 30, 2027 Ponderosa Manager LLC 147,080,167 1 mo. SOFR + 1.10% Various PRC Nemasket LLC 44,487,662 Daily SOFR + 1.25% November 1, 2029 GREC Holdings 1 LLC 60,000,000 1 mo. SOFR + 1.75% November 29, 2027 Total debt $ 987,089,056 Less: Current portion of long-term debt (95,869,554) Less: Discount on long-term debt (28,628,520) Less: Deferred financing fees (11,830,541) Total long-term debt, net $ 850,760,441 GREC Entity HoldCo On November 25, 2021, GREC Entity HoldCo converted its loan to a term loan with a maturity on June 20, 2025. The loan bears interest at a rate equal to the one-month LIBOR rate plus 1.75%. The loan is secured by all of the assets of GREC Entity HoldCo and the equity interests of each direct and indirect subsidiary of the Company. The Company, GREC and each direct and indirect subsidiary of the Company are guarantors of the Company’s obligations under the loan. This guarantee was removed in November 2022 as a condition to the closing of the revolving credit facility at GREC Holdings I, LLC. GREC has pledged all of the equity interests of GREC Entity HoldCo as collateral for this credit facility. Refer to Note 6. Borrowings under the Investment Basis for further detail. Midway III Manager LLC On October 31, 2018, Midway III Manager LLC converted its construction loan to a term loan. During the period from May 19, 2022 through December 31, 2022, Midway reached the fourth anniversary of the term conversion. As such, pursuant to the terms of the term loan agreement, the interest rate on the term loan changed from annual interest at three-month LIBOR plus 1.50% to three-month LIBOR plus 1.63%. This change in interest rate is effective through the maturity date of the term loan. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date of October 31, 2025. The loan is secured by a first-priority security interest in all assets of Midway III Manager LLC, including a pledge of (a) Midway Manager LLC’s interest in Midway III Holdings LLC and (b) GREC’s ownership interests in Midway III Manager LLC. Trillium Manager LLC On June 9, 2020, Trillium Manager LLC entered into a loan agreement which provided for certain construction, revolving and term loans in an amount not to exceed $100.0 million. The revolving loans were available until the Borrowing Base availability End Date, defined as two years after the June 9, 2020 closing date after which all outstanding revolving loans converted into the term loan. The term loan bears interest at a rate of three-month LIBOR plus an applicable margin, which is 1.88% per annum through the fourth anniversary of the closing date, and 2.00% per annum after the fourth anniversary of the closing date and increasing by 0.13% for each fourth anniversary thereafter. The loan is secured by a first-priority security interest in all assets of Trillium Manager LLC, including a pledge of (a) Trillium Manager LLC's interest in Trillium Holdings LLC and, (b) GREC's ownership interests in Trillium Manager LLC. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date of June 9, 2027. In addition, Trillium Manager LLC is party to several letter of credit facility agreements, not to exceed $5.0 million. GB Wind Holdco LLC On November 22, 2019, GB Wind Holdco LLC entered into a loan agreement that was subsequently amended and restated on January 13, 2020, to provided financing in connection with the operation and maintenance of certain wind facilities. The loan bears interest at the three-month LIBOR rate plus an applicable margin, which is 1.38% per annum through the fourth anniversary of the closing date and 1.50% per annum after the fourth anniversary of the closing date and increasing by 0.13% for each fourth anniversary thereafter. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date of November 22, 2027. The loan is secured by wind energy facilities owned through wholly owned subsidiaries. Greenbacker Wind Holdings II LLC On November 20, 2020, Greenbacker Wind Holdings II LLC entered into a financing agreement syndicated with various lenders who agreed to provide long-term financing. On February 19, 2021, Greenbacker Wind Holdings II LLC entered into a second loan agreement pursuant to an amended and restated financing agreement. The loan bears interest at the three-month LIBOR rate plus an applicable margin, which is 1.88% per annum until the fourth anniversary of the term conversion date and 2.00% per annum after the fourth anniversary of the term conversion date. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date of December 31, 2026. The loan is secured by wind energy facilities owned and operated by Greenbacker Wind Holdings II LLC and a pledge of Holiday Hill Manager LLC's interest in Holiday Hill Holdings LLC. Conic Manager LLC On August 8, 2019, Conic Manager LLC entered into a loan agreement. On April 1, 2021, Conic Manager LLC converted its term loan to a revolving line of credit facility in the aggregate principal amount of up to $24.4 million. There is a commitment fee equal to 0.30% per annum on any unused amount. The revolving line of credit facility was available to be drawn until October 31, 2022, at which point the outstanding balance converted to a term loan. Principal and interest payments are made on the last day of each three-month period with principal payments commencing on January 21, 2023 and continuing through the scheduled maturity date of April 1, 2028. The loan bears interest at a rate per annum equal to the LIBOR rate plus 1.75%. The loan is secured by a first-priority security interest in all assets of Conic Manager LLC, including a pledge of (a) Conic Manager LLC's interest in Conic Holdings LLC and, (b) GREC's ownership interests in Conic Manager LLC. Turquoise Manager LLC On February 12, 2020, Turquoise Manager LLC entered into a financing agreement syndicated with various lenders who agreed to provide a construction loan facility, an ITC bridge loan facility, and a term loan facility in connection with the construction and development of a solar energy facility. On December 23, 2020, the term loan conversion date occurred, and the construction loan and ITC bridge loan were repaid in full. The term loan is secured by a first-priority security interest in all assets of Turquoise Manager LLC, including a pledge of (a) Turquoise Manager LLC's interest in Turquoise Holdings LLC and, (b) GREC's ownership interests in Turquoise Manager LLC. The term loan bears interest at the three-month LIBOR rate plus an applicable margin, which is 1.25% per annum through the fifth anniversary of the term conversion, and 1.38% per annum thereafter through the maturity date, December 23, 2027. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date. Eagle Valley Clean Energy LLC On April 24, 2019, Eagle Valley Clean Energy LLC ("EVCE"), as a term of the Company’s acquisition of EVCE, entered into a debt settlement agreement and amended its loan. Pursuant to the debt settlement agreement, the amendment deferred interest payments through March 31, 2024 (the “Interest Forbearance Period”), deferred principal payments through March 31, 2029 (the “Principal Forbearance Period”), provided for certain waivers, and waived any existing events of default. During the Interest Forbearance Period, EVCE is required to make quarterly interest payments of not less than $85,000. Interest will continue to accrue at the then available 30-year fixed interest rate, 1.91%, and will be added to the principal balance, both of which will be payable every three months following the expiration of the Principal Forbearance Period. The loan matures on January 2, 2057. On November 30, 2021, EVCE entered into a premium financing agreement for $1.2 million with an insurance company to provide financing for insurance policies. The loan bears interest at a fixed interest rate of 6.99% per annum through the maturity date, November 30, 2023. Greenbacker Equipment Acquisition Company LLC On January 29, 2021, Greenbacker Equipment Acquisition Company LLC entered into a loan and security agreement to provide an equipment financing line up to $6.5 million. which was advanced on February 1, 2021. The loan bears interest at a rate equal to 1.00% above the prime rate, as it appears in the Wall Street Journal, payable monthly and the principal is payable on the maturity date, March 31, 2023. ECA Finco I LLC On February 25, 2021, ECA Finco I, LLC's loan converted to a term loan. The loan bears interest at the three-month LIBOR rate plus an applicable margin, which is 2.25% per annum until February 25, 2025, and 2.50% per annum thereafter through the maturity date. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date of February 25, 2028. The term loan is secured by a first-priority security interest in all assets of ECA Finco I, LLC, including a pledge of (a) ECA Finco I, LLC’s interest in ECA Holdco I and, (b) GREC's ownership interests in ECA Holdco I. GB Solar TE 2020 Manager LLC On October 30, 2020, GB Solar TE 2020 Manager LLC entered into a loan agreement syndicated with various lenders in an amount not to exceed $19.6 million. The loan bears interest at the three-month LIBOR rate plus an applicable margin, which is 1.88% through the fourth anniversary of the closing date, 2.00% per annum after the fourth anniversary of the closing date and increasing by 0.13% for each fourth anniversary thereafter. The loan is secured by a first-priority security interest in all assets of GB Solar TE 2020 Manager LLC, including a pledge of (a) GB Solar TE 2020 Manager LLC's interest in GB Solar TE 2020 Holdings LLC and, (b) GREC's ownership interests in GB Solar TE 2020 Manager LLC. The loan requires quarterly payments of interest only through September 30, 2022, after which it requires quarterly payments of principal and interest through the maturity date, October 30, 2026. Sego Lily Solar Manager LLC On January 28, 2022, Utility Solar AcquisitionCo 2021 LLC, as a co-borrower with Sego Lily Solar Manager LLC, entered into a financing agreement to provide a construction loan facility, an ITC bridge loan facility, and a term loan facility in connection with the construction and operations of renewable energy facilities. The financing agreement was subsequently amended on June 9, 2022 to add commitments to provide term loans for two wind energy projects. The loan is secured by a first-priority security interest in all assets of Sego Lily Solar Manager LLC, including a pledge of (a) Sego Lily Solar Manager LLC 's interest in Sego Lily Solar Holdings LLC and Graphite Solar Holdings LLC and, (b) GREC's ownership interests in Sego Lily Solar Manager LLC. On August 17, 2022, the loan converted to a term loan. The term loans bear interest at the one-month SOFR plus an applicable margin, which is 1.38% per annum until the fourth anniversary of the term conversion and 1.50% from and including the fourth anniversary and increasing by 0.13% for each fourth anniversary thereafter. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date of August 17, 2028. Celadon Manager LLC On February 18, 2022, Celadon Manager LLC entered into a loan agreement syndicated with various lenders in an amount not to exceed $71.0 million. The loan is secured by a first-priority security interest in all assets of Celadon Manager LLC, including a pledge of (a) Celadon Manager LLC's interest in Celadon Holdings LLC and, (b) GREC's ownership interests in Celadon Manager LLC. The loan bears interest at the one-month SOFR plus an applicable margin, which is 1.50% through the fifth anniversary of the closing date, 1.63% per annum after the fifth anniversary of the closing date and increasing by 0.13% for each fifth anniversary thereafter. The loan requires quarterly payments of interest only through the fifth anniversary of the closing date, after which it requires quarterly payments of principal and interest through the maturity date, February 18, 2029. GRP II Borealis Solar LLC On February 28, 2017, GRP II Borealis Solar LLC entered into an amended and restated financing agreement syndicated with various lenders who agreed to provide a term loan in an amount not to exceed $60.0 million. The term loan bears interest at the three-month LIBOR rate plus an applicable margin, which is 2.50% through the maturity date, June 30, 2027. Ponderosa Manager LLC On July 26, 2022, Ponderosa Manager LLC and Utility Solar AcquisitionCo 2022 LLC jointly entered into a financing agreement syndicated with various lenders who agreed to provide certain construction, ITC bridge and aggregation loan facilities in an amount not to exceed $173.4 million. The construction and aggregation loan facilities have availability periods through 2023, upon which dates the Company has the option to repay the outstanding principal or convert the loans into a term loan. The ITC bridge loans have maturity dates through 2023. The debt is a construction loan whereby the Company elected a SOFR of 1.10% (construction loan margin of 1.00% and SOFR index adjustment of 0.10%). The loans bear interest at SOFR plus 1.10% until the maturity or conversion date. PRC Nemasket LLC On November 1, 2022, PRC Nemasket LLC entered into a financing agreement. The banks agreed to provide a term loan not to exceed $45.0 million in aggregate. The principal of the term loan shall be due and payable in quarterly principal installments, with final payment due on the maturity date, November 1, 2029. The banks also agreed to extend letters of credit to the borrower not to exceed $2.5 million in aggregate. The letters of credit have an expiration date agreed to at the time of issuance, with an expiration date of no more than twelve months after the date of the of letter issuance. All loans bears interest at SOFR with an applicable margin of 1.25%, increasing to 1.38% after the fourth anniversary of the closing date. GREC Holdings 1 LLC On November 29, 2022, GREC Holdings 1 LLC entered into a credit agreement with a syndicate of lenders for an aggregate revolving credit facility commitment of $150.0 million, with the allowance for increases of credit of no more than $50.0 million. Advances under the revolving credit facility will bear interest at the term SOFR index rate plus a spread adjustment plus applicable margin (spread adjustment of 0.10%; applicable margin ranging between 1.75% and 2.00%), and base rate loans will bear interest of the base rate plus applicable margin (base rate being greatest of prime rate, index floor, or federal funds rate plus 0.5%; applicable margin ranging between 0.75% and 1.00%). The Company has entered into interest rate swap contracts to manage the interest rate risk associated with its outstanding borrowings. Refer to Note 11. Derivative Instruments for further discussion. The following table shows the components of interest expense related to the Company's borrowings for the period from May 19, 2022 through December 31, 2022: Period from May 19, 2022 through December 31, 2022 Loan interest $ 16,092,601 Commitment / letter of credit fees 2,013,308 Amortization of deferred financing costs 1,532,817 Amortization of discount on notes payable 943,556 Interest capitalized (4,614,299) Total $ 15,967,983 Interest expense disclosed in the table above is included within Interest expense, net on the Consolidated Statement of Operations. The principal payments due on borrowings for each of the next five years ending December 31 and thereafter, are as follows: Period ending December 31 Principal Payments 2023 $ 100,174,824 2024 37,846,974 2025 103,930,544 2026 109,250,321 2027 284,224,979 Thereafter 351,661,414 $ 987,089,056 On January 5, 2018, the LLC, through GREC HoldCo, entered into a credit facility agreement (the "Credit Facility"). The Credit Facility consisted of a loan of up to the lesser of $60.0 million or a borrowing base amount based on various solar projects that act as collateral for the Credit Facility, of which approximately $25.7 million was drawn down at closing. The Credit Facility allowed for additional drawdowns through December 31, 2018 and converted to a term loan with a maturity on January 5, 2024. On June 20, 2019, the LLC, through GREC HoldCo, entered into an amended and restated credit agreement (the "New Credit Facility"). The New Credit Facility consists of a loan of up to the lesser of $110.0 million or a borrowing base amount based on various solar projects that act as collateral for the credit facility, of which approximately $58.3 million was drawn down at closing. In November 2020, the LLC, through GREC HoldCo, entered into the Second Amended and Restated Credit Agreement, which amends the New Credit Facility to make available a non-revolving line of credit facility that will convert into a term loan facility and a letter of credit facility. The commitments of the lenders aggregate to $97.8 million between existing term loans, future committed loans and letters of credit, of which approximately $90.7 million was drawn at closing. The New Credit Facility allows for additional drawdowns through November 25, 2021, at which point the outstanding loans shall convert to an additional term loan that matures on June 20, 2025. The LLC used the net proceeds of borrowings under the New Credit Facility for investment in additional alternative energy power generation assets that are anticipated to become projects and for other general corporate purposes. Loans made under the New Credit Facility bear interest at 1.75% in excess of the three-month LIBOR. Prior to the New Credit Facility converting to a term loan, quarterly commitment fees on the average daily unused portion of the Credit Facility were payable at a rate per annum of 0.50%. Borrowings under the New Credit Facility are back-leveraged and secured by all of the assets of GREC HoldCo and the equity interests of each direct and indirect subsidiary of the LLC. The LLC, GREC and each direct and indirect subsidiary of the LLC are guarantors of the LLC’s obligations under the New Credit Facility. GREC has pledged all of the equity interests of GREC HoldCo as collateral for the New Credit Facility. Regarding the Credit Facility, the LLC has entered into five separate interest rate swap agreements as economic hedges. The first swap, with a trade date of June 15, 2017, an effective date of June 30, 2018 and an initial notional amount of $20.9 million, was used to swap the floating-rate interest payments on an additional principal amount of the Credit Facility, for a corresponding fixed payment. The fixed swap rate is 2.26%. The second swap, with a trade date of January 11, 2018, an effective date of December 31, 2018 and an initial notional amount of $29.6 million was used to swap the floating-rate interest payments on the remaining unhedged portion of the Credit Facility, as well as the estimated additional drawdowns, for a corresponding fixed payment. The fixed swap rate is 2.65%. The third swap, with a trade date of February 7, 2018, an effective date of December 31, 2018 and an initial notional amount of $4.2 million, was used to swap the floating-rate interest payments on the remaining unhedged portion of the Credit Facility, as well as the estimated additional drawdowns, for a corresponding fixed payment. The fixed swap rate is 2.97%. The fourth swap, with a trade date of January 2, 2019, an effective date of September 30, 2019 and an initial notional amount of $38.2 million, was used to swap the floating-rate interest payments on the remaining unhedged portion of the Credit Facility, as well as the estimated additional drawdowns, for a corresponding fixed payment. The fixed swap rate is 2.69%. The fifth swap, with a trade date of February 19, 2021, an effective date of February 26, 2021 and an initial notional amount of $7.1 million, was used to swap the floating-rate interest payments on the remaining unhedged portion of the Credit Facility, as well as the estimated additional drawdowns, for a corresponding fixed payment. The fixed swap rate is 1.64%. If an event of default shall occur and be continuing under the New Credit Facility, the commitments under the New Credit Facility may be terminated and the principal amount outstanding under the New Credit Facility, together with all accrued unpaid interest and other amounts owing in respect thereof, may be declared immediately due and payable. On December 6, 2019, GREC entered into a $15.0 million revolving letter of credit facility (“LC Facility”) agreement. On January 30, 2020, the LC Facility was amended to include an equipment loan, and the amount of $5.6 million was drawn down under the equipment facility loan. On March 18, 2020, a repayment of $1.9 million was made, reducing the outstanding balance of the equipment facility loan. On June 9, 2020, a repayment of the remaining outstanding balance occurred. In October 2020, the LC Facility agreement was amended to increase the aggregate principal amount to $22.5 million. On April 1, 2021, the LC Facility agreement was amended to maintain cash collateral in an amount equal to 100.00% of the outstanding obligation and the letter of credit fee was reduced from 2.25% to 0.75%. On June 3, 2021, the LC Facility agreement was amended to extend the maturity date to September 4, 2021. On September 3, 2021, the LC Facility agreement was amended to extend the maturity date to September 4, 2022. On September 28, 2021, the LC Facility agreement was amended to increase the aggregate principal amount to $32.5 million. On February 2, 2022, the LC Facility agreement was amended to increase the aggregate principal amount to $40.0 million. The LLC’s borrowings as of December 31, 2021 was as follows: December 31, 2021 Aggregate Principal Principal Amount Carrying Value Deferred Financing Term Note Payable, New Credit Facility $ 97,822,841 $ 82,151,509 $ 82,151,509 $ 2,737,887 $ 79,413,622 LC Facility 32,500,000 — — — — Total $ 130,322,841 $ 82,151,509 $ 82,151,509 $ 2,737,887 $ 79,413,622 The following table shows the components of interest expense related to the LLC's borrowings for the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021: For the period from January 1, 2022 through May 18, 2022 For the year ended December 31, Credit Facility commitment fee $ 136,171 $ 423,075 Credit Facility loan interest 657,528 1,659,715 Amortization of deferred financing costs 520,183 905,959 Total $ 1,313,882 $ 2,988,749 Weighted average interest rate on Credit Facility 2.0 % 1.9 % Weighted average outstanding balance of Credit Facility $ 81,707,643 $ 87,020,554

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Note 11. Derivative Instruments The Company manages interest rate risk, primarily through the use of derivative financial instruments. Cash Flow Hedges of Interest Rate Risk The Company’s objective in using interest rate derivatives is to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company, through its wholly owned subsidiaries, has entered into interest rate swaps as part of its interest rate risk management strategy. These interest rate swaps are designated as cash flow hedges and involve the receipt of variable rate amounts from a counterparty in exchange for the Company making fixed interest rate payments at fixed rates ranging between 0.61% and 3.21%. On May 19, 2022, the designation date, the Company’s cash flow hedges were a $123.3 million net asset. The initial fair value of the cash flow hedges on the designation date at May 19, 2022 is recognized in Derivative assets, current, and Derivative assets, included in noncurrent assets, in the Consolidated Balance Sheet. The fair value of the effective portion of the interest rate swap is recognized into income under a systematic and rational method over the life of the hedging instrument and is presented in the same line item on the Consolidated Statement of Operations as the earnings effect of the hedged item, with the offset recorded to Other comprehensive income. For the period May 19, 2022 through December 31, 2022, the Company recorded $1.7 million as an increase in Interest expense, net in the Consolidated Statement of Operations in association with the recognition of the initial fair value of the interest rate hedges on the designation date. As of December 31, 2022, the fair value of the Company's interest rate swaps was a $195.8 million asset with an outstanding notional amount of $1.5 billion. The notional amount includes $700.8 million associated with currently effective swaps, $542.3 million associated with forward starting swaps, and $284.7 million associated with deal contingent swaps. The interest rate swaps have maturities between 2025 and 2050. The following table reflects the location and estimated fair value positions of derivative contracts at: December 31, 2022 Derivatives Designated as Hedging Instruments Balance sheet location Outstanding notional amount Fair Value - Assets Fair Value - (Liabilities) Interest rate swap contracts Derivative Assets / (Other Liabilities) $1,527,813,754 $195,839,516 $— For derivatives designated as cash flow hedges, the changes in the fair value of the derivative are initially reported in other comprehensive income (outside of earnings), and subsequently, reclassified to earnings when the hedged transaction affects earnings. The Company assesses the effectiveness of each hedging relationship by utilizing a statistical regression analysis. For the period from May 19, 2022 through December 31, 2022, the Company recognized a gain of $54.4 million, net of taxes of $20.0 million, in Unrealized gain on derivatives designated as cash flow hedges, net of tax in the Consolidated Statement of Comprehensive Income (Loss), related to the Company's cash flow hedge accounting. For the period May 19, 2022 through December 31, 2022, the Company recorded a realized loss of $1.3 million in Realized loss on interest rate swaps, net on the Consolidated Statement of Operations. Amounts reported in accumulated other comprehensive income related to designated derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable rate liabilities. For the period from May 19, 2022 through December 31, 2022, there was a $4.2 million loss associated with a favorable settlement received under the Company’s interest rate swap agreements reclassified from accumulated other comprehensive income to income as a decrease in interest expense offset by $1.7 million of amortization as discussed above. During the next twelve months, the Company estimates that a gain of $24.4 million will be reclassified to income as a decrease in interest expense as interest payments are made. In addition, a loss of $12.4 million will be reclassified to income as an increase in interest expense in association with the recognition of the initial fair value of the interest rate hedges on the designation date. From time to time, the Company utilizes derivative instruments for the purposes of hedging future term debt instruments. Since the debt agreements have not yet closed, in order to lock in the terms, the Company made payments for the amount of $1.7 million to be maintained as cash collateral. As of December 31, 2022, this cash collateral is recorded in Other current assets in the Consolidated Balance Sheet.

Asset Retirement Obligations

Asset Retirement Obligations	12 Months Ended
	Dec. 31, 2022
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	Note 12. Asset Retirement Obligations The following table represents the balance of AROs as of December 31, 2022, as well as the additions, settlements and accretion related to the Company's AROs for the period from May 19, 2022 through December 31, 2022: Balance as of May 19, 2022 $ 29,383,847 Revisions in estimates for current obligations — Asset retirement obligation settled during current period — Asset retirement obligation incurred during current period 1,165,035 Accretion expense 863,956 Balance as of December 31, 2022 $ 31,412,838 As of December 31, 2022, the AROs are recorded in Other noncurrent liabilities in the Consolidated Balance Sheet.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13. Commitments and Contingencies Legal Proceedings The Company may become involved in legal proceedings, administrative proceedings, claims and other litigation that arise in the ordinary course of business. Individuals and interest groups may sue to challenge the issuance of a permit for a renewable energy project or seek to enjoin construction of a wind energy project. In addition, the Company may be subject to legal proceedings or claims contesting the construction or operation of its renewable energy projects. In defending itself in these proceedings, the Company may incur significant expenses in legal fees and other related expenses, regardless of the outcome of such proceedings. Unfavorable outcomes or developments relating to these proceedings, such as judgments for monetary damages, injunctions or denial or revocation of permits, could have a material adverse effect on the Company's business, financial condition and results of operations. In addition, settlement of claims could adversely affect the Company's financial condition and results of operations. As of December 31, 2022, the Company is not aware of any legal proceedings that might have a significant adverse impact on the Company. Letters of Credit The Company is required to provide security under the terms of several of its power purchase agreements, permits, lease agreements and other project documents as well as many of its loan agreements. As of December 31, 2022, the Company has provided the requisite security for these agreements in the form of a standby letter of credit of $109.3 million. As of December 31, 2022, no amounts had been drawn under these letters of credit. Pledge of Collateral and Unsecured Guarantee of Loans to Subsidiaries Pursuant to various project loan agreements between the Company's subsidiaries and various lenders, the Company has pledged solar and wind operating assets as well as the membership interests in various subsidiaries as collateral for the term loans with maturity dates ranging from March 2023 through January 2057. Investment in To-Be-Constructed Assets and Membership Interest Purchase Commitments Pursuant to various engineering, procurement and construction contracts to which certain of the Company's subsidiaries are individually a party, the subsidiaries, and indirectly the Company, have committed an outstanding balance of approximately $157.5 million to complete construction of the facilities. Based upon current construction schedules, the expectation is that these commitments will be fulfilled in 2023 into 2024. In addition, pursuant to various membership interest purchase agreements to which the Company via its subsidiaries are a party, the Company has committed an outstanding balance of approximately $943.4 million to complete the closing pursuant to all conditions being met under the membership interest purchase agreements as of December 31, 2022. The Company plans to use debt and tax equity financing as well as cash on hand to fund such commitments. Power Purchase Agreements The Company has long-term PPAs with its offtake customers. Under the PPAs, the Company is required to deliver agreed upon quantities based on the agreements for successive periods, typically between one Renewable Energy Credit Commitments The Company enters into two different types of forward sales agreements. The first type of forward sales agreement is to sell 100% of the RECs produced by certain renewable energy systems. Total REC sales will depend on total production at each renewable energy system. The second type of forward sales agreement is to sell a specified number of RECs at fixed prices during specific periods between 2023 through 2041. As of December 31, 2022, the Company's commitments with third parties under REC sales contracts are as follows: Number of RECs 2023 181,877 2024 176,050 2025 59,435 2026 55,291 2027 27,823 Thereafter 201,643 Total 702,119 Leases Agreements to lease assets are evaluated at inception to determine whether they represent finance or operating leases. The Company has determined its site leases represent operating leases and accordingly minimum rental expense is recognized on a straight-line basis over the lease term beginning with the lease commencement date. Refer to Note 9. Leases for further discussion of the Company’s operating lease obligations. Pledge of Parent Company Guarantees Pursuant to various tax equity structures which are governed by various agreements to which certain of the Company's subsidiaries are individually a party, the Company has provided unsecured guarantees to support the commitments and obligations of these underlying tax equity agreements in an amount of $452.3 million as of December 31, 2022. As of December 31, 2022, the Company is not aware of any events that could trigger the Company’s obligations under these guarantees. Refer to Note 1. Organization and Operations of the Company, Note 5. Variable Interest Entities, Note 9. Leases and Note 14. Related Parties for an additional discussion of the Company’s commitments and contingencies. Refer to Note 13. Commitments and Contingencies in the Notes to the Consolidated Financial Statements as prepared on the Non-Investment Basis for disclosures regarding the LLC's commitments and contingencies as of December 31, 2022. The information as included herein reflects such matters as of December 31, 2021. Legal Proceedings The LLC may become involved in legal proceedings, administrative proceedings, claims and other litigation that arise in the ordinary course of business. Individuals and interest groups may sue to challenge the issuance of a permit for a renewable energy project or seek to enjoin construction of a wind energy project. In addition, the LLC may be subject to legal proceedings or claims contesting the construction or operation of our renewable energy projects. In defending itself in these proceedings, the LLC may incur significant expenses in legal fees and other related expenses, regardless of the outcome of such proceedings. Unfavorable outcomes or developments relating to these proceedings, such as judgments for monetary damages, injunctions or denial or revocation of permits, could have a material adverse effect on the LLC's business, financial condition and results of operations. In addition, settlement of claims could adversely affect the LLC's financial condition and results of operations. As of December 31, 2021, the LLC was not aware of any legal proceedings that might have a significant adverse impact on the LLC. Pledge of Collateral and Unsecured Guarantee of Loans to Subsidiaries Pursuant to various project loan agreements between the operating entities of the LLC, subsidiary holding companies and various lenders, the operating entities and the subsidiary holding companies have pledged all solar operating assets as well as the membership interests in various operating subsidiaries as collateral for the term loans with maturity dates ranging from June 2022 through September 2049. Investment in To-Be-Constructed Assets and Membership Interest Purchase Commitments Pursuant to various engineering, procurement and construction contracts to which 42 entities of the LLC are individually a party, the entities, and indirectly the LLC, have committed an outstanding balance of approximately $540.2 million to complete construction of the facilities. Based upon current construction schedules, the expectation is that these commitments will be fulfilled in 2022 into 2024. In addition, pursuant to various membership interest purchase agreements to which the LLC’s operating entities are individually a party, the operating entities, and indirectly the LLC, have committed an outstanding balance of approximately $1.0 billion to complete the closing pursuant to all conditions being met under the membership interest purchase agreements as of December 31, 2021. The LLC plans to use debt and tax equity financing as well as cash on hand to fund such commitments. Unsecured Guarantee of Subsidiary Renewable Energy Credit Forward Contracts For the majority of the forward REC contracts currently effective as of December 31, 2021 where a subsidiary of the LLC is the principal, the LLC has provided an unsecured guarantee related to the delivery obligations. The amount of the unsecured guaranty related to REC delivery performance obligations is nil as of December 31, 2021. Pledge of Parent Company Guarantees Pursuant to various contracts in which the LLC has provided a parent company guarantee, excluding those discussed above, the operating entities, and indirectly the LLC, have committed an additional $114.4 million in unsecured guarantees in the event of a default at the underlying entity, as of December 31, 2021.

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Parties	Note 14. Related Parties The related party disclosures as included herein reflect such matters as of May 19, 2022 and prospectively. Certain of the related party agreements and transactions were impacted by the Acquisition and are detailed in Note 5. Related Party Agreements and Transaction Agreements as included in the Notes to the Consolidated Financial Statements as prepared under the Investment Basis. Immediately prior to the closing of the Acquisition on May 19, 2022, GCM owned 23,601 Class A shares and 2,776 Class P-D shares. In connection with the Acquisition, all Class A shares and Class P-D shares held by GCM were forfeited, retired and cancelled. The forfeiture, retirement, and cancellation of the shares held by GCM for $0.2 million is reflected in Other capital activity on the Consolidated Statement of Redeemable Noncontrolling Interests and Equity. Modified Special Unit In accordance with the terms of the Fourth Operating Agreement, the Special Unitholder was the holder of the Special Unit, which, prior to the completion of the Acquisition, entitled it to receive the Performance Participation Fee and Liquidation Performance Participation Fee, each as described in detail in Note 5. Related Party Agreements and Transaction Agreements as included in the Notes to the Consolidated Financial Statements as prepared under the Investment Basis. Prior to the Acquisition, under the Fourth Operating Agreement, the “Liquidation Performance Participation Fee” payable to the Special Unitholder was equal to 20.0% of the net proceeds from a liquidation of the Company in excess of adjusted capital, as measured immediately prior to liquidation. Adjusted capital was defined as the Company's NAV immediately prior to the time of a liquidation or a listing. In the event of any liquidity event that involved a listing of the Company's shares, or a transaction in which the Company’s members received shares of a company that was listed, on a national securities exchange, the Liquidation Performance Participation Fee would have been equal to 20.0% of the amount, if any, by which the Company's listing value following such liquidity event exceeded the adjusted capital, as calculated immediately prior to such listing (the “Listing Premium”). Any such Listing Premium and related Liquidation Performance Participation Fee would be determined and payable in arrears 30 days after the commencement of trading following such liquidity event. Following the Acquisition, under the Fifth Operating Agreement, the “Liquidation Performance Participation Distribution” is payable to GB Liquidation Performance Holder LLC (the “LPU Holder”) upon the same terms described above with the exception that amounts that may be earned upon the occurrence of a listing of the Company’s shares (or a transaction in which the Company’s members receive shares of a company that is listed) on a national securities exchange are no longer payable in cash, but only in additional Class P-I shares, which will be valued for such purpose at their then fair market value as determined in accordance with the terms of the Fifth Operating Agreement at the time of such listing. In the case of a liquidation of the Company, amounts payable may be paid in additional shares of the Company, other securities and/or cash. Refer to Note 17. Members' Equity for additional details on the Liquidation Performance Unit. Transition Services Agreement In connection with the Acquisition, Group LLC and certain other parties (together, the “Service Recipients”) entered into a transition services agreement with Greenbacker Administration (the “Transition Services Agreement”), pursuant to which Greenbacker Administration is providing certain financial and corporate recordkeeping services to the Service Recipients until the earlier of December 31, 2023 (or December 31, 2026 in the case of one of the Service Recipients), such time as the parties terminate the services arrangement, or one month after such Service Recipient has been liquidated and dissolved. The Service Recipients shall be required to pay a fee of $200 per hour per person performing the services it receives under the Transition Services Agreement. The impact of the Transition Services Agreement to the Consolidated Financial Statements for the period from May 19, 2022 through December 31, 2022 was not material. Registration Rights Agreement In connection with the Acquisition, the Company, GREC, Group LLC and the LPU Holder entered into a customary registration rights agreement (the “Registration Rights Agreement”), pursuant to which GREC has agreed to use commercially reasonable efforts to prepare and file with the SEC not later than 12 months from the beginning of the first full calendar month following completion of an initial public offering by GREC a shelf registration statement relating to the resale of shares of common stock of GREC that may in the future be held by Group LLC, the LPU Holder and/or their respective members to the extent their shares of the Company are repurchased, redeemed, exchanged or converted into shares of common stock of GREC. GREC has agreed to pay customary registration expenses and to provide customary indemnification in connection with the foregoing registration rights. Executive Protection Plan In connection with the closing of the Acquisition, each of Mr. Charles Wheeler and Mr. David Sher terminated their employment agreements with Group LLC, and such employment agreement was superseded by offer letters from GREC and participation in the GREC Executive Protection Plan. GCM Managed Funds Prior to the Acquisition, GCM served as the external advisor of four investment entities - the Company, GROZ, GDEV I and GREC II. The Advisory Agreement between GCM and the Company was terminated in connection with the Acquisition. However, the Company continues to provide through GCM investment management services to GROZ, GDEV I and GREC II as a result of the acquisition of GCM. As a result, the Company began to record Investment Management revenue on the Consolidated Statement of Operations, as applicable, and more fully described below. In addition, the Company entered into an advisory agreement with GDEV II on November 11, 2022. Base management fees under GCM’s advisory fee agreement with GROZ are calculated at a monthly rate of 0.125% (1.50% annually) of the average gross invested capital for GROZ. During the period from May 19, 2022 through December 31, 2022, the Company earned $0.2 million in management fees from GROZ, which is included in Investment Management revenue on the Consolidated Statement of Operations. The management fees earned are payable monthly, in arrears. As of December 31, 2022, the Company was owed $0.1 million in management fees from GROZ, which is included in Accounts receivable on the Consolidated Balance Sheet. The Company is also eligible to receive certain performance-based incentive fee distributions from GROZ, including upon liquidation of GROZ, subject to certain distribution thresholds as defined in the amended and restated limited liability company operating agreement of GROZ. The Company did not recognize any revenue related to GROZ incentive fee distributions for the period from May 19, 2022 through December 31, 2022. Base management fees under GCM’s advisory fee agreements with GDEV and GDEV B, dated March 3, 2022, are calculated as follows. For the period from March 3, 2022 through the date on which the commitment period ends (as defined in the GDEV and GDEV B amended and restated limited partnership agreements), the management fee is calculated at an annual rate of 2.00% of the aggregate capital commitments to GDEV and GDEV B. Beginning on the date following the date on which the commitment period terminates, the management fee is calculated at an annual rate of 2.00% of the aggregate cost basis of all portfolio securities of GDEV and GDEV B. The management fees earned are payable quarterly, in advance. As a result of the Company consolidating GDEV during the period from May 19, 2022 through November 17, 2022, $0.9 million of management fee revenue earned under the advisory agreement with GDEV, was considered intercompany revenue and was therefore eliminated in consolidation. As a result of the deconsolidation of GDEV on November 18, 2022, management fee revenue is no longer eliminated and is recorded on the Consolidated Statement of Operations. Refer to Note 2. Significant Accounting Policies for further information on the deconsolidation of GDEV. During the period from November 18, 2022 through December 31, 2022, the Company earned $0.2 million, in management fees from GDEV, which is included in Investment Management revenue on the Consolidated Statement of Operations. As of December 31, 2022, the Company was not owed any management fees from GDEV. Management fee revenue earned under the advisory agreement with GDEV B is not considered intercompany revenue, and therefore is not eliminated in consolidation. During the period from May 19, 2022 through December 31, 2022 the Company earned $0.4 million in management fees from GDEV B, which is included in Investment Management revenue on the Consolidated Statement of Operations. As of December 31, 2022, GDEV B prepaid $0.6 million in management fees to the Company, which is included in Other current liabilities on the Consolidated Balance Sheet. The Company is also eligible to receive certain performance-based incentive fee distributions from GDEV I, including upon liquidation of GDEV I, subject to certain distribution thresholds as defined in the amended and restated limited liability partnership agreements of GDEV I. The Company did not recognize any revenue related to GDEV I incentive fee distributions for the period from May 19, 2022 through December 31, 2022. Base management fees under GCM's advisory agreement with GDEV II, dated November 11, 2022, are calculated as follows. For the period from November 11, 2022 through the date on which the commitment period ends (as defined in the GDEV II amended and restated limited partnership agreement), the management fee is calculated at an annual rate of 2.00% of the aggregate capital commitments to GDEV II. Beginning on the date following the date on which the commitment period terminates, the management fee is calculated at an annual rate of 2.00% of the aggregate cost basis of all portfolio securities of GDEV II. The management fees earned are payable quarterly, in advance. During the period from November 11, 2022 through December 31, 2022 the Company earned $0.2 million in management fees from GDEV II, which is included in Investment Management revenue on the Consolidated Statement of Operations. As of December 31, 2022, the Company was owed $0.2 million in management fees from GDEV II, which is included in Accounts receivable on the Consolidated Balance Sheet. The Company is also eligible to receive certain performance-based incentive fee distributions from GDEV II, including upon liquidation of GDEV II, subject to certain distribution thresholds as defined in the amended and restated limited liability partnership agreements of GDEV II. The Company did not recognize any revenue related to GDEV II incentive fee distributions for the period from November 11, 2022 through December 31, 2022. Base management fees under GCM's advisory fee agreement with GREC II are to be calculated at a monthly rate of 1.25% annually of the aggregate NAV of the net assets attributable to Class F shares of GREC II plus an annual percentage of the aggregate NAV of the net assets attributable to Class I, Class D, Class T, and Class S shares in accordance with the following schedule: Aggregate NAV Management Fee On NAV up to and including $1,500,000,000 1.75% (0.15% monthly) On NAV in excess of $1,500,000,000 1.50% (0.13% monthly) Due to GREC II's early stage of development, the Company did not earn any management fees under the advisory agreement during the period from May 19, 2022 through December 31, 2022. The Company is also eligible to receive certain performance-based incentive fees from GREC II, including upon liquidation of GREC II, subject to certain distribution thresholds as defined in the advisory agreement between GCM and GREC II. For the period from May 19, 2022 through December 31, 2022, the Company recognized $0.9 million in revenue related to GREC II performance-based incentive fees included in Other revenue on the Consolidated Statement of Operations, and was owed $0.9 million in performance-based incentive fees as of December 31, 2022, which is included in Accounts receivable on the Consolidated Balance Sheet. Other Related Party Transactions The Company entered into secured loans to finance the purchase and installation of energy-efficient lighting with AEC Companies. Certain of the loans with LED Funding LLC, an AEC Company, converted to a lease on the day the energy efficiency upgrades became operational. AEC Companies are considered related parties, as the members of these entities own a direct, noncontrolling ownership interest in the Company. The loans between the AEC Companies and the Company, and the subsequent leases, were negotiated at an arm’s length and contain standard terms and conditions that would be included in third-party lending agreements, including required security and collateral, interest rates based upon risk of the specific loan, and term of the loan. As of December 31, 2022, the Company was owed $0.1 million in lease payments from AEC Companies, which is included in Accounts receivable on the Consolidated Balance Sheet. As of December 31, 2022, the principal balance of the loan receivable was $0.3 million, which is included in Other noncurrent assets on the Consolidated Balance Sheet, and interest receivable was not material. Payments received on the operating leases and the loan receivable during the period from May 19, 2022 through December 31, 2022 were $0.1 million. The related party disclosures as included herein reflects such matters as of May 18, 2022 and prior to such date. Certain of the related party agreements and transactions were impacted by the Acquisition and are detailed in Note 14. Related Parties as included in the Notes to the Consolidated Financial Statements as prepared under the Non-Investment Basis. Prior to the Acquisition, the LLC had executed advisory and administration agreements with GCM and Greenbacker Administration, which entitled GCM, and certain affiliates of GCM, to specified fees upon the provision of certain services with regard to the ongoing management of the LLC as well as reimbursement of O&O costs incurred by GCM on behalf of the LLC (as discussed in Note 2. Significant Accounting Policies) and certain other operating costs incurred by GCM on behalf of the LLC. As the LLC’s previous public offering was terminated on March 29, 2019, its former dealer manager will no longer receive any selling commissions or dealer manager fees. However, our former dealer manager will continue to receive distribution fees on Class C shares until the maximum amount of commissions and dealer manager fees permitted by applicable regulation is reached. With respect to Class C shares only, the LLC pays the former dealer manager a distribution fee that accrues daily in an amount equal to 1/365th of 0.80% of the amount of the net asset value for the Class C shares for such day on a continuous basis from year to year. The LLC will stop paying distribution fees at the earlier of 1) a listing of the Class C shares on a national securities exchange; 2) total underwriting compensation in the offering equals 10.0% of the gross proceeds from the primary offering of Class C shares, following the completion of such offering; or 3) Class C shares are no longer outstanding. The dealer manager may re-allow all or a portion of the distribution fee to participating broker-dealers and servicing broker-dealers. The LLC estimated the amount of distribution fees expected to be paid and recorded that liability at the time of sale of such shares. The liability is included in Deferred sales commission payable on the Consolidated Statement of Assets and Liabilities and fees recorded in Accumulated (losses) (specific to the Class C shares) on the Consolidated Statement of Assets and Liabilities. The LLC continues to assess the value of the liability on a regular basis. The LLC also reimbursed GCM for the O&O costs (other than selling commissions and dealer manager fees) it had incurred on the LLC’s behalf related to the now terminated Registration Statements, only to the extent that the reimbursement would not cause the selling commissions, dealer manager fee and the other O&O costs borne by the LLC to exceed 15.00% of the gross offering proceeds as the amount of proceeds increases. Offering costs incurred by GCM in conjunction with the offering of shares of Class P-A, P-S, P-T and P-D under our current private placement memoranda were subject to the reimbursement by the LLC up to 0.50% (50 basis points) of gross offering proceeds for each such class of shares. Prior to May 19, 2022 the term “Special Unitholder” referred to GREC Advisors, LLC, a Delaware limited liability company, which was a subsidiary of GCM and “special unit”, referred to the special unit of limited liability company interest in the LLC. This entitled the Special Unitholder to receive a Performance Participation Fee. Prior to the Acquisition, the fees and reimbursement obligations related to the operation of the LLC were as follows: Type of Compensation and Recipient Determination of Amount Base Management Fees — GCM Prior to July 1, 2021, the base management fee payable to GCM was calculated at a monthly rate of 0.17% (2.00% annually) of our gross assets (including amounts borrowed up to $50.0 million) until gross assets exceed $800.0 million. The base management fee monthly rate decreased to 0.15% (1.75% annually) for gross assets between $800.0 million to $1.5 billion and 0.13% (1.50% annually) for gross assets greater than $1.5 billion. For services rendered under the advisory agreement, the base management fee was payable monthly in arrears, or more frequently as authorized under the advisory agreement. The base management fee was calculated based on the average of the values of our gross assets for each day of the prior month. Base management fees for any partial period were appropriately prorated. The base management fee had the ability to be deferred or waived, in whole or in part, at the election of GCM. All or any part of the deferred base management fee not taken as to any period was deferred without interest and may be taken in any period prior to the occurrence of a liquidity event as determined by GCM in its sole discretion. On July 1, 2021, the LLC entered into the Advisory Agreement with GCM. Effective July 1, 2021, the base management fee payable to GCM was calculated at a monthly rate of 0.17% (2.00% annually) of the net assets until the net assets exceed $800.0 million. The base management fee monthly rate will decrease to 0.15% (1.75% annually) for net assets between $800.0 million to $1.5 billion and to 0.13% (1.50% annually) for net assets greater than $1.5 billion. Following the completion of the Acquisition and the termination of the Advisory Agreement, the LLC no longer pays a management fee to GCM. Type of Compensation and Recipient Determination of Amount Performance Participation Fees Prior to the Acquisition, under the Fourth Operating Agreement, the “Performance Participation Fee” which the Special Unitholder was entitled to was calculated and payable in arrears, for an amount equal to 12.5% of the total return generated by the LLC during the most recently completed fiscal quarter, subject to a hurdle amount of 1.50% (or 6% annualized) (the “Hurdle Amount”), a loss carryforward amount and a fee carryforward amount. The “Total Return Amount” is defined for each quarterly calculation period, as an amount equal to the sum of: • The aggregate amount of all cash distributions accrued or paid (without duplication) during such quarter on the shares outstanding at the end of such quarter, plus • The amount of the change in aggregate NAV of such shares since the beginning of such quarter, before giving effect to (x) changes in the aggregate NAV of such shares during such quarter resulting solely from the net proceeds of issuances and/or repurchase of shares by the LLC, and (y) the amount of any accrual of the Performance Participation Fee during such quarter. The calculation of the Total Return Amount for each period included any appreciation or depreciation in the NAV of the shares issued during such period but exclude the proceeds from the initial issuance of such shares. The total NAV of the shares outstanding as of the last business day of a calendar quarter was the amount against which changes in the total NAV of the shares outstanding during the subsequent calendar quarter was measured. Furthermore, the “Loss Carryforward Amount” was initially equal to zero and cumulatively increased in any calendar quarter by the absolute value of any negative total return for such quarter and cumulatively decreased in any calendar quarter by the amount of any positive total return. The “Fee Carryforward Amount” was also initially equal to zero, and cumulatively increased in any calendar quarter by (i) the amount, if any, by which the Hurdle Amount (noted above) for such quarter exceeded any positive Total Return Amount for such quarter; and (ii) the amount, if any, by which the catch-up amount for such quarter exceeded excess profits for such quarter. The fee carryforward amount was cumulatively decreased in any calendar quarter by the amount, if any, of the Fee Carryforward Amount paid to the Special Unitholder for such quarter. Neither the Loss Carryforward Amount nor the Fee Carryforward Amount were permitted to less than zero at any given time. The Special Unitholder shall receive the Performance Participation Fee as follows: ● if the Total Return Amount for the applicable period exceeded the sum of (x) the Hurdle Amount for such period and (y) the Loss Carryforward Amount for such Period (any such excess, “Excess Profits”), 100% of such Excess Profits until the total amount paid to the Special Unitholder equals 12.5% of the sum of (x) the Hurdle Amount for such period and (y) any amount paid to the Special Unitholder pursuant to this clause (the “Catch-Up Amount”); ● to the extent there were remaining Excess Profits after payment of the Catch-Up Amount, 100% of such remaining Excess Profits until such amount paid to the Special Unitholder equaled the amount of the Fee Carryforward Amount for such period; and ● to the extent there are remaining Excess Profits after payment of the Catch-Up Amount and the Fee Carryforward Amount (as defined above), 12.5% of such remaining Excess Profits. The Liquidation Performance Participation Fee payable to the Special Unitholder will equal 20.0% of the net proceeds from a liquidation of the LLC in excess of adjusted capital, as measured immediately prior to liquidation. Adjusted capital shall mean the LLC NAV immediately prior to the time of a liquidation or a listing. In the event of any liquidity event that involves a listing of the LLC's shares, or a transaction in which the LLC's members receive shares of a company that is listed, on a national securities exchange, the Liquidation Performance Participation Fee will equal 20.0% of the amount, if any, by which the LLC's listing value following such liquidity event exceeds the adjusted capital, as calculated immediately prior to such listing (the “Listing Premium”). Any such Listing Premium and related Liquidation Performance Participation Fee will be determined and payable in arrears 30 days after the commencement of trading following such liquidity event. For the period from January 1, 2022 through May 18, 2022, GCM earned $10.7 million in management fees. For the year ended December 31, 2021, GCM earned $21.9 million in management fees. As of December 31, 2021, the LLC owed $2.3 million to GCM in management fees, which amounts are included in Management fee payable on the Consolidated Statement of Assets and Liabilities. The Performance participation fee recorded on the Consolidated Statements of Operations for the period from January 1, 2022 through May 18, 2022 is $0.4 million. The Performance participation fee recorded on the Consolidated Statements of Operations for the year ended December 31, 2021 is $4.7 million. The Performance Participation Fee payable and due for the year ended December 31, 2021 was $3.4 million. As of December 31, 2021, $0.6 million were due to GCM for O&O costs related to the private continuous offering and shown as Due to GCM on the Consolidated Statement of Assets and Liabilities. As of May 18, 2022, GCM owned 23,601 Class A shares and 2,776 Class P-D shares. As of December 31, 2021, GCM owned 23,601 Class A shares and 2,776 Class P-D shares. The LLC entered into secured loans to finance the purchase and installation of energy-efficient lighting with LED Funding LLC and AEC Companies. Certain of the loans with LED Funding LLC, converted to a lease on the day the energy efficiency upgrades became operational. AEC Companies are considered related parties, as the members of these entities own an indirect, noncontrolling ownership interest in GCM. The loans outstanding between the AEC Companies and the LLC, and the subsequent leases, were negotiated at an arm’s length and contain standard terms and conditions that would be included in third-party lending agreements, including required security and collateral, interest rates based upon risk of the specific loan, and term of the loan. As of May 18, 2022, all loans and leases are considered current per their terms. On October 9, 2020, GREC made a $5.0 million LP commitment to GDEV, which was increased to $6.1 million in the fourth quarter of 2020. In April 2021, the commitment to GDEV increased to $7.5 million. As the initial investor, GREC was awarded a 10.00% carried interest participation in GDEV GP, GDEV's general partner. GDEV is an affiliate of GREC as GDEV shares the same investment advisor as the LLC. As of May 18, 2022, $2.9 million of the commitment was funded. On December 22, 2020 the LLC, through its wholly owned subsidiary, Citrine Solar LLC, entered into a third transaction with GROZ to sell Gliden Solar, LLC. The asset was sold for a purchase price of $12.8 million based upon the fair value of the investment as determined by an independent third-party appraiser. The transaction resulted in an initial realized gain of $1.6 million all of which was recorded in the year ended December 31, 2020. The proceeds related to the Investment sales receivable were subsequently collected by April 30, 2021.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 15. Income Taxes The Company conducts most of its operations through GREC, its taxable wholly owned subsidiary. The Company’s consolidated income tax provision consists of the following: Period from May 19, 2022 through December 31, 2022 Federal $ 984,603 State 2,019,115 Foreign 1,401 Deferred provision for income taxes $ 3,005,119 The principal differences between the Company's effective tax rate on operations and the U.S. federal statutory income tax rate as of December 31, 2022 are as follows: Period from May 19, 2022 through December 31, 2022 Percentage Tax (benefit) at statutory U.S. federal income tax rate $ (12,001,750) 21.0 % State income taxes, net of federal benefit 937,456 (1.6) % Noncontrolling interest 12,482,232 (21.8) % Share-based compensation 1,441,163 (2.5) % Federal tax credits (2,100,381) 3.7 % Change in valuation allowance 657,644 (1.2) % Permanent differences (GREC LLC and other - net) 1,588,755 (2.8) % Actual provision for income taxes $ 3,005,119 (5.2) % Deferred tax assets (liabilities) have been classified on the accompanying Consolidated Balance Sheet as of December 31, 2022 as follows: 2022 Net operating losses $ 98,911,035 Federal tax credits 16,251,724 Operating lease liabilities 14,281,891 Asset retirement obligations 5,286,656 Disallowed interest 5,027,580 Other 3,570,566 Total deferred tax assets 143,329,452 Less: Valuation allowance (2,170,000) Deferred tax assets, net of valuation allowance $ 141,159,452 Investments in flow-through entities taxed as partnerships $ (41,666,863) Derivative assets (51,568,960) Property, plant, and equipment (48,090,012) Intangibles (64,833,949) Operating lease assets (14,070,292) Long-term debt (4,657,929) Total deferred tax liabilities $ (224,888,005) Deferred tax liabilities, net $ 83,728,553 The Company’s net deferred tax liability of $83.7 million consists of a deferred tax liability of $85.7 million, offset by a deferred tax asset of $1.9 million, which are recorded to Deferred tax liabilities, net and Other noncurrent assets, respectively, on the Consolidated Balance Sheet. As of December 31, 2022, the Company has federal net operating loss carry-forwards of approximately $372.1 million. Approximately $322.6 million of the carry-forward is indefinite lived with the remaining $49.5 million expiring in 2034 through 2037. Federal tax credit carryforwards are approximately $16.3 million and expire in 2035 through 2042. State net operating loss and carryforwards total approximately $383.2 million. Approximately $40.8 million of the net operating loss carry-forward is indefinite lived with the remaining $342.4 million expiring in 2023 through 2042 with earlier years expirations reserved by a valuation allowance. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. As of December 31, 2022, management has applied a partial valuation allowance of $2.2 million against the deferred tax assets resulting from certain state net operating loss carryforwards where it is more likely than not that they will not be utilized during their carryforward period. Federal and state statutes of limitations are generally open for all years in which the Company has generated net operating losses, the earliest of which is the year ended December 31, 2014. The Company assessed its tax positions for all open tax years as of December 31, 2022 for all U.S. federal and state, and foreign tax jurisdictions for the years 2014 through 2022. The results of this assessment are included in the Company’s tax provision and deferred tax assets as of December 31, 2022. Note 9. Income Taxes The LLC conducts most of its operations through GREC, its taxable wholly owned subsidiary. The consolidated income tax provision for the period from January 1, 2022 through May 18, 2022 and year ended December 31, 2021 is composed of the following: Current Deferred Total For the period from January 1, 2022 through May 18, 2022 U.S. federal $ — $ 6,514,622 $ 6,514,622 State and local — 2,393,271 2,393,271 Foreign jurisdiction — — — Provision for income taxes $ — $ 8,907,893 $ 8,907,893 Change in valuation allowance — — — Provision for income taxes, net $ — $ 8,907,893 $ 8,907,893 Current Deferred Total Year Ended December 31, 2021 U.S. federal $ — $ 5,075,307 $ 5,075,307 State and local — 2,946,388 2,946,388 Foreign jurisdiction — — — Provision for income taxes $ — $ 8,021,695 $ 8,021,695 Change in valuation allowance — 817,262 817,262 Provision for income taxes, net $ — $ 8,838,957 $ 8,838,957 The principal differences between our effective tax rate on operations and the U.S. federal statutory income tax rate are as follows: For the period from January 1, 2022 through May 18, 2022 Percentage 2021 Percentage Taxes at statutory U.S. federal income tax rate $ 8,320,219 21.0 % $ 10,890,547 21.0 % Permanent differences (GREC LLC and other) 624,645 1.6 % 347,555 0.7 % State income taxes, net of federal benefit 1,890,684 4.8 % 2,253,655 4.3 % Write off state credits — — % 334,079 0.6 % Rate changes — — % — — % Return to provision and other adjustments (40,196) (0.1) % (1,850,554) (3.6) % Federal tax credits (1,887,459) (4.8) % (3,953,587) (7.6) % Change in valuation allowance — — % 817,262 1.6 % Actual provision for income taxes $ 8,907,893 22.5 % $ 8,838,957 17.0 % Deferred tax assets (liabilities) have been classified on the accompanying Consolidated Statement of Assets and Liabilities as of December 31, 2021 as follows: 2021 Amortization $ 42,799 Disallowed interest 4,731,734 Net operating losses 60,652,197 Federal and state tax credits 11,996,064 Unrealized gains (102,617,534) Deferred tax liabilities $ (25,194,740) Less: valuation allowance (1,512,356) Deferred tax liabilities, net $ (26,707,096) In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax assets, projected future taxable income and tax planning strategies in making this assessment. Based upon projections for future taxable income over the periods in which the deferred tax assets would be deductible, management as of December 31, 2021 has applied a partial valuation allowance of $1.5 million against the deferred tax assets that are not more likely than not to be utilized during their carryforward period. The LLC follows the authoritative guidance on accounting for uncertainty in income taxes and has concluded it has no material uncertain tax positions to be recognized at this time. The LLC assessed its tax positions and filings for all open tax years as of May 18, 2022 for all federal and state tax jurisdictions for the years 2014 through 2021. The effective tax rate for the period from January 1, 2022 through May 18, 2022 is 22.5%. For the period from January 1, 2022 through May 18, 2022, the primary items giving rise to the difference between the 21.0% statutory rate for corporations and the 22.5% effective tax rate are state taxes, federal tax credits, and other permanent differences primarily related to expenses recorded at the partnership level which are not taxable. The effective tax rate for the year ended December 31, 2021 is 17.0%. The primary items giving rise to the difference between the 21.0% statutory rate and the 17.0% effective tax rate are primarily state taxes, 2020 provision to return adjustments and federal tax credits. Federal and state statutes of limitations are effectively open for all years in which the LLC has generated net operating losses, the earliest of which is the year ended December 31, 2014, until the years those losses were utilized are closed.

Noncontrolling Interests and Re

Noncontrolling Interests and Redeemable Noncontrolling Interests	12 Months Ended
	Dec. 31, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interests and Redeemable Noncontrolling Interests	Note 16. Noncontrolling Interests and Redeemable Noncontrolling Interests NCI represents the portion of net assets in consolidated subsidiaries that are not attributable, directly, or indirectly, to the Company. For accounting purposes, the holders of NCI of consolidated subsidiaries of the Company include Tax Equity Investors under the tax equity financing facilities as well as the NCI in GDEV GP and GDEV GP II, which are held by an employee of the Company, and GDEV, which NCI was held by other limited partners of the partnership prior to the deconsolidation event on November 18, 2022. Tax Equity Investors are passive investors, usually large tax-paying financial entities such as banks, insurance companies and utility affiliates that use these investments to reduce future tax liabilities. Depending on the arrangement, until the Tax Equity Investors achieve their agreed-upon rate of return, they are entitled to a portion of the applicable project’s operating cash flow, as well as substantially all of the project’s investment tax credits, accelerated depreciation and taxable income or loss. Typically, tax equity financing transactions are structured so that the Tax Equity Investors reach their target return between five and 10 years after the applicable project achieves commercial operation. The Company has determined that the contractual arrangements with Tax Equity Investors represent substantive profit-sharing arrangements and that income or loss should be attributed to these NCIs in each period using a balance sheet approach referred to as the HLBV method. As of December 31, 2022, RNCI attributable to Tax Equity Investors after adjusting the carrying amount to the redemption value was $2.0 million, and nonredeemable NCI attributable to Tax Equity Investors was $83.3 million. Net income (loss) attributable to noncontrolling interests for Tax Equity Investors was $(60.7) million for the period from May 19, 2022 through December 31, 2022. For the period from May 19, 2022 through December 31, 2022, contributions from Tax Equity Investors net of syndication costs totaled $82.7 million, all of which was received in the period, and distributions to Tax Equity Investors totaled $11.4 million, of which $8.6 million was paid in the period. The Company allocates income and loss to the NCI in GDEV GP based on the contractual allocations within the GDEV GP operating agreement. As of December 31, 2022, the NCI attributable to the GDEV GP was $0.5 million. Net income (loss) attributable to noncontrolling interests at GDEV GP for the period from May 19, 2022 through December 31, 2022 was not material. The Company allocates income and loss to the NCI in GDEV GP II based on the contractual allocations within the GDEV GP II operating agreement. As of December 31, 2022, the NCI attributable to the GDEV GP II was not material. There was no net income (loss) attributable to noncontrolling interests at GDEV GP II for the period from May 19, 2022 through December 31, 2022. The noncontrolling interests in GDEV represented the component of equity held by limited partners, excluding the equity held by the Company, prior to the deconsolidation of GDEV on November 18, 2022 as discussed in Note 5. Variable Interest Entities. The portion of the net investment gains (losses) of GDEV attributable to the limited partner investors was allocated to noncontrolling interests prior to the deconsolidation. Net income (loss) attributable to noncontrolling interests at GDEV was $1.2 million for the period from May 19, 2022 through November 17, 2022. For the period from May 19, 2022 through November 17, 2022, contributions from the GDEV limited partners net of carried interest totaled $22.2 million of which $22.2 million were received in the respective period. For the period from May 19, 2022 through November 17, 2022, distributions to the limited partners totaled $2.6 million all of which were paid in the respective periods. As a result of the deconsolidation event on November 18, 2022, there was no NCI attributable to GDEV investors as of December 31, 2022. As of December 31, 2022, NCI attributable to other noncontrolling interest was $0.2 million.

Members' Equity

Members' Equity	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Members' Equity	Note 17. Members' Equity General Pursuant to the terms of the Fifth Operating Agreement, the Company may issue up to 400,000,000 shares, 350,000,000 of which shares are currently designated as Class A, C, I, P-A, P-D, P-S, P-T, P-I shares and Earnout Shares (collectively, common shares), and 50,000,000 are designated as preferred shares. Except as described below, each class of common shares will have the same voting rights and rights to participate in distributions payable by the Company. In connection with the Acquisition, the Company issued 13,071,153 newly designated Earnout Shares to Group LLC pursuant to a certificate of share designation of Class EO common shares of the Company (the “Certificate of Designation”). Earnout Shares are divided into three separate series, designated as “Tranche 1 Earnout Shares,” “Tranche 2 Earnout Shares,” and “Tranche 3 Earnout Shares,” and are comprised of 4,357,051 Tranche 1 Earnout Shares, 4,357,051 Tranche 2 Earnout Shares, and 4,357,051 Tranche 3 Earnout Shares. Each separate series of Earnout Shares initially do not have the right to participate in any distributions paid by the Company. However, upon the achievement of separate benchmark targets applicable to each series in accordance with the terms of the Certificate of Designation, or upon the occurrence of certain liquidity events, each series of Earnout Shares can become “Participating Earnout Shares” and will become entitled to priority allocations of profits and increases in value from the Company, and will (i) have equivalent economic and other rights as the Class P-I shares of the Company, (ii) vote together as a single class with the Class P-I shares on all matters submitted to holders of Class P-I shares generally, (iii) not have separate voting rights on any matters (other than amendments to the terms of the Participating Earnout Shares that affect such Participating Earnout Shares adversely and in a manner that is different from the terms of the Class P-I shares), and (iv) have the right to participate in all distributions payable by the Company, as if they were, and on a pari passu basis with, the Class P-I shares for all purposes set forth in the Fifth Operating Agreement. Prior to the satisfaction of these targets, Earnout Shares will not be entitled to (x) vote with other shares on matters submitted to the holders of shares generally or (y) receive any distributions made to any other holders of shares (and will not be entitled to any accrual of distributions prior to achieving the targets described in the Certificate of Designation). In connection with the Acquisition, Group LLC received consideration of 24,393,025 Class P-I shares and 13,071,153 Earnout Shares. Holders of the Class P-I shares or Earnout Shares issued pursuant to the Contribution Agreement will not be permitted to sell or transfer the Class P-I shares or Earnout Shares for twelve months after the closing date of the Acquisition. The Company offers shares pursuant to the DRP, and offers an SRP pursuant to which quarterly share repurchases are conducted to allow shareholders to sell shares back to the Company. The following table is a summary of the shares issued and repurchased during the period and outstanding as of December 31, 2022: Shares Outstanding as of May 19, 2022 Shares Issued to Complete the Acquisition Other Capital Activity Shares Issued through Reinvestment of Distributions During the Period Shares Repurchased During the Period Shares Transferred During the Period Shares Outstanding as of December 31, 2022 Class A 16,626,973 — (23,601) 278,470 (740,845) — 16,140,997 Class C 2,766,760 — — 61,152 (154,918) — 2,672,994 Class I 6,445,062 — — 157,542 (199,413) — 6,403,191 Class P-A 794,193 — — 21,867 (1,160) — 814,900 Class P-I 103,334,227 24,393,025 45,664 810,287 (3,504,789) 235,570 125,313,984 Class P-D 198,948 — (2,776) 837 (5,436) — 191,573 Class P-S 47,047,838 — — 456,028 (1,008,419) (233,990) 46,261,457 Class P-T 241,447 — — 3,867 — — 245,314 Total 177,455,448 24,393,025 19,287 1,790,050 (5,614,980) 1,580 198,044,410 As of December 31, 2022, none of the Company’s preferred shares were issued and outstanding. The Fifth Operating Agreement authorizes the Company's Board of Directors, without approval of any of the members, to increase the number of shares the Company is authorized to issue and to classify and reclassify any authorized but unissued class or series of shares into any other class or series of shares having such designations, preferences, right, power and duties as may be specified by the Company's Board of Directors. The Fifth Operating Agreement also authorizes the Company's Board of Directors, without approval of any of the members, to issue additional shares of any class or series for the consideration and on the terms and conditions established by the Company's Board of Directors. In addition, the Company may also issue additional limited liability company interests that have designations, preferences, right, powers and duties that are different from, and may be senior to, those applicable to the common shares. Distribution Reinvestment Plan The Company adopted a DRP through which the Company’s Class A, C and I shareholders could elect to purchase additional shares with distributions from the Company rather than receiving the cash distributions. The DRP was amended as of February 1, 2021 to include all share classes. Shares issued pursuant to the DRP will have the same voting rights as shares offered pursuant to the Company's prior public and private offerings. As of November 30, 2020, pursuant to the Company's Registration Statement on Form S-3D (File No. 333-251021), it is offering up to $20.0 million in Class A, C and I shares to its existing shareholders pursuant to the DRP. No dealer manager fees, selling commissions or other sales charges will be paid with respect to shares issued pursuant to the DRP except for distribution fees on Class C, P-S and P-T shares. At its discretion, the Board of Directors may amend, suspend or terminate the DRP. The Board of Directors may also modify or waive the terms of the DRP with respect to certain or all shareholders, in its discretion, to be in the best interests of the Company. A participant may terminate participation in the DRP by written notice to the plan administrator, received by the plan administrator at least 10 days prior to the distribution payment date. As of December 31, 2022, the Company issued 2,854,508 Class A shares, 501,816 Class C shares, 1,387,945 Class I shares, 48,899 Class P-A shares, 1,592,476 Class P-I shares, 2,380 Class P-D shares, 938,083 Class P-S shares, and 8,190 Class P-T shares for a total of 7,334,297 aggregate shares issued under the DRP. Share Repurchase Program The Company offers an SRP pursuant to which quarterly share repurchases are conducted to allow members to sell shares back to the Company at a price equal to the then current monthly share value for that class of shares. The SRP includes numerous restrictions that will limit a shareholder’s ability to sell shares. At the sole discretion of the Board of Directors, the Company may also use cash on hand (including the proceeds from the issuance of new shares), cash available from borrowings or other external financing sources and cash from liquidation of investments to repurchase shares. A shareholders’ right to purchase is subject to the availability of funds and the other provisions of the SRP. Additionally, a member must hold his or her shares for a minimum of one year before he or she can participate in the SRP, subject to any of the following special circumstances: (i) the written request of the estate, heir or beneficiary or a deceased shareholder; (ii) a qualifying disability of the shareholder for a non-temporary period of time provided that the condition causing the qualifying disability was not pre-existing on the date that the shareholder became a shareholder; (iii) a determination of incompetence of the shareholder by a state or federal court located in the United States; or (iv) as determined by the Board of Directors, in their discretion, to be in the interests of the Company. If a member has made more than one purchase of shares, the one-year holding period will be calculated separately with respect to each purchase. Effective September 1, 2020, the Company, through approval by its Board of Directors, adopted an amended SRP, pursuant to which the Company will conduct quarterly share repurchases to allow members to sell all or a portion of their shares (of any class) back to the Company. The quarterly share repurchases limits for the Company’s new SRP are set forth below. Quarter Ending Share Repurchase Limit(s) September 30, 2021, and each quarter thereafter During any 12-month period, 20.00% of the weighted average number of outstanding shares During any fiscal quarter, 5.00% of the weighted average number of shares outstanding in the prior four fiscal quarters The Company has received an order for the SRP from the SEC under Rule 102(a) of Regulation M under the Exchange Act. In addition, the SRP is substantially similar to repurchase programs for which the SEC has stated it will not recommend enforcement action under Rule 13e-4 and Regulation 14E under the Exchange Act. Liquidation Performance Unit In connection with the Acquisition, the Company issued a new Liquidation Performance Unit (the “LPU”) to the LPU Holder to replace the Special Unit previously issued to GCM. The Special Unit was contributed in connection with and immediately prior to the Acquisition from Group LLC, and therefore, was cancelled and terminated. The LPU Holder was formed on May 19, 2022 with the sole purpose of holding the LPU and is a wholly owned subsidiary of Group LLC. Upon an initial public offering of GREC (the “Listing”) or the liquidation of the Company, LPU Holder shall be entitled to the Liquidation Performance Participation Distribution, the value and character of which is determined as follows: a. if the Liquidation Performance Participation Distribution is payable as a result of a liquidation, the Liquidation Performance Participation Distribution will equal 20.00% of the net proceeds from the liquidation remaining after the other members of the Company have received their share of net proceeds; or b. if the Liquidation Performance Participation Distribution is payable as a result of a Listing, the Liquidation Performance Participation Distribution will equal 20.00% of any premium the Company receives from the Listing. Additionally, the Liquidation Performance Participation Distribution shall be payable by converting the LPU into a number of newly issued Class P-I shares equal to the Liquidation Performance Participation Distribution divided by the Class P-I share value as of the first month end following the 30th trading day Since none of the events that would trigger the Liquidation Performance Participation Distribution was considered probable to occur, no liability was recognized related to the LPU as of December 31, 2022. Additionally, certain employees of the Company received profits interest units from the LPU Holder in exchange for employment services. Since LPU Holder does not have any other operations or assets, the distribution an employee grantee shall receive from these profits interest units is the equivalent of the Liquidation Performance Participation Distribution the Company shall make to the LPU Holder. The Company has determined that the profits interest units do not represent a substantive class of the Company’s equity, and therefore, shall account for the potential distribution to employees as a payable in accordance with ASC 710. Since none of the events that would trigger the distribution was considered probable to occur, no liability was recognized as of December 31, 2022, and no compensation expenses was recognized for the period from May 19, 2022 through December 31, 2022. Distributions On the last business day of each month, with the authorization of the board of directors of the Company (the “Board of Directors”), the Company declares distributions on each outstanding Class A, C, I, P-A, P-I, P-D, P-T and P-S shares. These distributions are calculated based on shareholders of record for each day in amounts equal to that exhibited in the table below based upon distribution period and class of share. Class of Share Distribution Period A C I P-A P-I P-D P-T P-S 1-Nov-15 31-Jan-16 $ 0.00165 $ 0.00165 $ 0.00165 $ — $ — $ — $ — $ — 1-Feb-16 30-Apr-16 $ 0.00166 $ 0.00166 $ 0.00166 $ — $ — $ — $ — $ — 1-May-16 31-Jul-16 $ 0.00166 $ 0.00166 $ 0.00166 $ 0.00158 $ 0.00158 $ — $ — $ — 1-Aug-16 31-Oct-16 $ 0.00168 $ 0.00168 $ 0.00168 $ 0.00160 $ 0.00160 $ — $ — $ — 1-Nov-16 31-Jan-17 $ 0.00169 $ 0.00164 $ 0.00169 $ 0.00160 $ 0.00160 $ — $ — $ — 1-Feb-17 30-Apr-17 $ 0.00168 $ 0.00164 $ 0.00168 $ 0.00160 $ 0.00160 $ — $ — $ — 1-May-17 31-Jul-17 $ 0.00167 $ 0.00163 $ 0.00167 $ 0.00160 $ 0.00158 $ — $ — $ — 1-Aug-17 31-Oct-17 $ 0.00167 $ 0.00163 $ 0.00167 $ — $ 0.00159 $ — $ — $ — 1-Nov-17 31-Oct-18 $ 0.00167 $ 0.00163 $ 0.00167 $ — $ 0.00158 $ — $ — $ — 1-Nov-18 30-Apr-20 $ 0.00167 $ 0.00163 $ 0.00167 $ 0.00165 $ 0.00158 $ — $ — $ — 1-May-20 30-Nov-20 $ 0.00152 $ 0.00149 $ 0.00152 $ 0.00153 $ 0.00158 $ — $ — $ — 1-Dec-20 31-Dec-22 $ 0.00152 $ 0.00149 $ 0.00152 $ 0.00152 $ 0.00158 $ 0.00158 $ 0.00158 $ 0.00158 On the last business day of each month, with the authorization of the Company’s Board of Directors, the Company declares distributions on each outstanding Class A, C, I, P-A, P-I, P-D, P-T and P-S shares. The following table reflects the distributions declared during the period from May 19, 2022 through December 31, 2022: Pay Date Paid in Value of Total June 1, 2022 $ 6,954,111 $ 2,020,049 $ 8,974,160 July 1, 2022 7,344,811 1,889,655 9,234,466 August 1, 2022 7,570,118 1,955,461 9,525,579 September 1, 2022 7,564,952 1,973,079 9,538,031 October 3, 2022 7,312,905 1,922,613 9,235,518 November 1, 2022 7,507,085 1,986,513 9,493,598 December 1, 2022 7,270,876 1,930,103 9,200,979 January 3, 2023 7,702,756 1,967,527 9,670,283 Total $ 59,227,614 $ 15,645,000 $ 74,872,614 All distributions paid for the period from May 19, 2022 through December 31, 2022 are expected to be reported as a return of capital to members for tax reporting purposes. Cash distributions for the year ended May 19, 2022 through December 31, 2022 were funded from cash on hand and other external financing sources. The Company expects to continue to fund distributions from a combination of cash on hand, cash from operations as well as other external financing sources. Due to the Company’s change in acquisition strategy to include a greater number of pre-operational assets that are not yet generating cash from operations, a significant amount of distributions will continue to be funded from other external financing sources until such projects become operational. Management fee and incentive fee revenue from our IM segment will also be utilized as a source of capital to fund distributions as this portion of our business grows. General Pursuant to the terms of the Operating Agreement, the LLC may issue up to 400,000,000 shares, of which 350,000,000 shares are currently designated as Class A, C, I, P-A, P-D, P-S, P-T and P-I shares (collectively, common shares), and 50,000,000 are designated as preferred shares and one special unit. Each class of common shares has the same voting rights. Class P-A shares were not offered for sale from March 29, 2019 through October 17, 2020, but were reinstated as of October 18, 2020, along with the commencement of three new share classes: P-D, P-T and P-S. The following table is a summary of the shares issued and repurchased during the period and outstanding as of May 18, 2022: Shares Outstanding as of December 31, Shares Shares Shares Shares Outstanding as of May 18, Class A shares 16,580,558 — 137,884 (91,469) 16,626,973 Class C shares 2,741,963 — 31,007 (6,210) 2,766,760 Class I shares 6,449,493 — 77,618 (82,049) 6,445,062 Class P-A shares 783,593 — 10,600 — 794,193 Class P-I shares 92,069,013 11,211,603 370,820 (317,209) 103,334,227 Class P-D shares 198,548 — 400 — 198,948 Class P-S shares 46,324,757 713,196 233,094 (223,209) 47,047,838 Class P-T shares 239,594 — 1,853 — 241,447 Total 165,387,519 11,924,799 863,276 (720,146) 177,455,448 The following table is a summary of the shares issued and repurchased during the period and outstanding as of December 31, 2021: Shares Outstanding as of December 31, Shares Sold Shares Shares Shares Transferred During the Period Shares Outstanding as of December 31, Class A shares 16,844,129 — 413,371 (661,926) (15,016) 16,580,558 Class C shares 2,734,661 — 93,130 (85,828) — 2,741,963 Class I shares 6,526,001 — 231,377 (296,575) (11,310) 6,449,493 Class P-A shares 55,264 711,897 16,432 — — 783,593 Class P-I shares 36,710,292 56,416,202 411,369 (1,493,868) 25,018 92,069,013 Class P-D shares — 197,405 1,143 — — 198,548 Class P-S shares — 46,075,796 248,961 — — 46,324,757 Class P-T shares — 237,124 2,470 — — 239,594 Total 62,870,347 103,638,424 1,418,253 (2,538,197) (1,308) 165,387,519 The proceeds from shares sold and the value of shares issued through the reinvestment of distributions for each class of shares for the for the period from January 1, 2022 through May 18, 2022 and for the year ended December 31, 2021 were as follows: Class A Class C Class I Class P-A Class P-I Class P-D Class P-S Class P-T Total For the period from January 1, 2022 through May 18, 2022: Proceeds from Shares Sold $ — $ — $ — $ — $ 98,650,613 $ — $ 6,300,999 $ — $ 104,951,612 Proceeds from Shares Issued through Reinvestment of Distributions $ 1,148,176 $ 252,049 $ 646,222 $ 91,397 $ 3,262,904 $ 3,540 $ 2,065,980 $ 16,464 $ 7,486,732 For the year ended December 31, 2021: Proceeds from Shares Sold $ — $ — $ — $ 6,210,692 $ 504,228,647 $ 1,774,641 $ 413,941,487 $ 2,130,975 $ 928,286,442 Proceeds from Shares Issued through Reinvestment of Distributions $ 3,511,041 $ 768,984 $ 1,964,922 $ 142,773 $ 3,648,652 $ 10,264 $ 2,222,218 $ 22,122 $ 12,290,976 As of December 31, 2021, none of the LLC’s preferred shares were issued and outstanding. Distribution Reinvestment Plan The LLC adopted a DRP through which the LLC’s Class A, C and I shareholders may elect to have the full amount of cash distributions reinvested in additional shares rather than receiving the cash distributions. The DRP was amended as of February 1, 2021 to include all share classes. Shares issued pursuant to the DRP will have the same voting rights as shares offered pursuant to the LLC’s prior public and current private offerings. As of November 30, 2020, pursuant to our Registration Statement on Form S-3D (File No. 333-251021), the LLC was offering up to $20.0 million in Class A, C and I shares to our existing shareholders pursuant to the DRP. No dealer manager fees, selling commissions or other sales charges will be paid with respect to shares issued pursuant to the DRP except for distribution fees on Class C, P-S and P-T shares. At its discretion, the Board of Directors may amend, suspend or terminate the DRP. The Board of Directors may also modify or waive the terms of the DRP with respect to certain or all shareholders, in its discretion, to be in the best interests of the LLC. A participant may terminate participation in the DRP by written notice to the plan administrator, received by the plan administrator at least 10 days prior to the distribution payment date. As of May 18, 2022, the LLC issued 2,576,038 Class A shares, 440,664 Class C shares, 1,230,403 Class I shares, 27,032 Class P-A shares, 782,189 Class P-I shares, 1,543 Class P-D shares, 482,055 Class P-S shares and 4,323 Class P-T shares for a total of 5,544,247 aggregate shares issued under the DRP. As of December 31, 2021, the LLC issued 2,438,154 Class A shares, 409,657 Class C shares, 1,152,785 Class I shares, 16,432 Class P-A shares, 411,369 Class P-I shares, 1,143 Class P-D shares, 248,961 Class P-S shares and 2,470 Class P-T shares for a total of 4,680,971 aggregate shares issued under the DRP. Share Repurchase Program The LLC offers a SRP pursuant to which quarterly share repurchases will be conducted to allow members to sell shares back to the LLC at a price equal to the then current offering price less the selling commissions and dealer manager fees associated with that class of shares. The SRP includes numerous restrictions that will limit a shareholder’s ability to sell shares. At the sole discretion of the Board of Directors, the LLC may also use cash on hand (including the proceeds from the issuance of new shares), cash available from borrowings and cash from liquidation of investments to repurchase shares. A shareholders’ right to purchase is subject to the availability of funds and the other provisions of the SRP. Additionally, a member must hold his or her shares for a minimum of one year before he or she can participate in the SRP, subject to any of the following special circumstances: (i) the written request of the estate, heir or beneficiary or a deceased shareholder; (ii) a qualifying disability of the shareholder for a non-temporary period of time provided that the condition causing the qualifying disability was not pre-existing on the date that the shareholder became a shareholder; (iii) a determination of incompetence of the shareholder by a state or federal court located in the United States; or (iv) as determined by the Board of Directors, in their discretion, to be in the interests of the LLC. If a member has made more than one purchase of shares, the one-year holding period will be calculated separately with respect to each purchase. Through September 30, 2020, quarterly share repurchases were conducted to allow up to approximately 5.00% of the weighted average number of outstanding shares in any 12-month period to be repurchased by the LLC. Effective September 1, 2020, the LLC, through approval by its Board of Directors, adopted an amended SRP, pursuant to which the LLC will conduct quarterly share repurchases to allow members to sell all or a portion of their shares (of any class) back to the LLC. The quarterly share repurchase limits for the LLC's new SRP are set forth below. Quarter Ending Share Repurchase Limit(s) December 31, 2020 During such fiscal quarter, 1.88% of the weighted average number of shares outstanding in the prior four fiscal quarters March 31, 2021 During such fiscal quarter, 2.50% of the weighted average number of shares outstanding in the prior four fiscal quarters June 30, 2021 During such fiscal quarter, 3.75% of the weighted average number of shares outstanding in the prior four fiscal quarters September 30, 2021, and each quarter thereafter During any 12-month period, 20.00% of the weighted average number of outstanding shares During any fiscal quarter, 5.00% of the weighted average number of shares outstanding in the prior four fiscal quarters The LLC has received an order for the SRP from the SEC under Rule 102(a) of Regulation M under the Exchange Act. In addition, the SRP is substantially similar to repurchase programs for which the SEC has stated it will not recommend enforcement action under Rule 13e-4 and Regulation 14E under the Exchange Act.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 18. Earnings Per Share Basic earnings per share is calculated by dividing net loss attributable to the common shareholders of the Company by the weighted average number of common shares outstanding during the period. The following table reconciles the numerator and the denominator used to calculate basic earnings per share: Period from May 19, 2022 through December 31, 2022 Numerator Net loss attributable to Greenbacker Renewable Energy Company LLC $ (724,977) Denominator Weighted average shares, basic 201,667,520 Net loss attributable to Greenbacker Renewable Energy Company LLC Basic $ 0.00

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Reporting	Note 19. Segment Reporting The Company determines its operating segments and reports segment information in accordance with how the Company’s CODM allocates resources and assesses performance. The Company’s CODM is its Chief Executive Officer. The Company’s operating segments are aggregated into two reportable segments described below. • IPP – The IPP business represents the active management and operations of the Company's fleet of renewable energy projects, including those in late-stage development and under construction. The Company's renewable energy projects generally earn revenue through the sale of generated electricity as well as frequently through the sale of other commodities such as RECs. In certain cases, the Company also serves as a minority member in renewable energy projects where it does not actively manage and operate the project but receives periodic dividends. The Company also provides loans to developers for the construction of renewable energy and energy efficiency projects as an incremental revenue stream for IPP. The IPP business includes the direct costs to operate the Company's fleet, including costs such as operations and maintenance, repairs, and other costs incurred at the project / site level. Additionally, the Company employs a dedicated team of technical asset managers as well as a construction team to oversee the development and operations of our fleet. Such costs are recorded as Direct operating costs for IPP. The IPP business also includes the allocable portion of the Company’s General and administrative expenses, which represents overhead functions such as: finance and accounting, legal, information technology, human resources and other general functions that support the operations of IPP. • IM – The IM business represents GCM’s investment management platform – a renewable energy, energy efficiency and sustainability-related project acquisition, consulting and development company that is registered as an investment adviser under the Advisers Act. The IM business will also include administrative services provided by Greenbacker Administration for managed funds in the renewable energy industry as an additional revenue stream. The Company's IM business includes the direct costs incurred for the investment management services for managed funds and other marketing and investor relation services. This includes the costs to raise and deploy capital for such funds. Such costs are recorded as Direct operating costs for IM. The IM business also includes the allocable portion of the Company’s General and administrative expenses, which represents overhead functions such as: finance and accounting, legal, information technology, human resources and other general functions that support the operations of IM. The following table presents the Company’s reportable segment financial results: Period from May 19, 2022 through December 31, 2022 Energy revenue $ 101,595,947 Other revenue 7,505,530 Contract amortization, net (10,529,266) Total IPP revenue $ 98,572,211 Investment Management revenue $ 1,918,911 The Company's CODM evaluates the financial performance of each segment using Segment Adjusted EBITDA, which excludes: (i) unallocated corporate expenses; (ii) interest expense; (iii) income taxes; (iv) depreciation expense; (v) amortization expense (including contract amortization); (vi) accretion; (vi) share-based compensation; (vii) other non-recurring costs that are unrelated to the continuing operations of the Company's segments; and (viii) amounts attributable to our redeemable and non-redeemable controlling interests. Additionally, the Company does not allocate foreign currency gains and losses, other income and losses, change in fair value of contingent consideration (if any), and unrealized gains and losses to our operating segments. See “Results of Operations - Non-Investment Basis” Item 7 for additional discussion on Segment Adjusted EBITDA and segment results for the period from May 19, 2022 through December 31, 2022. The following table reconciles total Segment Adjusted EBITDA to Net loss attributable to Greenbacker Renewable Energy Company LLC: For the period May 19, 2022 through December 31, 2022 Segment Adjusted EBITDA: IPP Adjusted EBITDA $ 53,626,933 IM Adjusted EBITDA (8,479,896) Total Segment Adjusted EBITDA $ 45,147,037 Reconciliation: Total Segment Adjusted EBITDA $ 45,147,037 Unallocated corporate expenses (18,766,648) Total Adjusted EBITDA 26,380,389 Less: Share-based compensation expense 6,903,931 Change in fair value of contingent consideration 2,100,000 Non-recurring professional fees associated with the Acquisition and change in status 7,593,649 Depreciation, amortization and accretion (1) 49,771,964 Operating loss $ (39,989,155) Interest expense, net (15,889,125) Realized loss on interest rate swaps, net (1,322,219) Unrealized loss on interest rate swaps, net (249,150) Unrealized gain on investments, net 398,479 Other expense, net (107,890) Net loss before income taxes $ (57,159,060) Provision for income taxes (3,005,119) Net loss $ (60,164,179) Less: Net loss attributable to noncontrolling interests (59,439,202) Net loss attributable to Greenbacker Renewable Energy Company LLC $ (724,977) (1) Includes contract amortization, net in the amount of $10.5 million for the period from May 19, 2022 through December 31, 2022 which is included in Contract amortization, net on the Consolidated Statement of Operations. Assets are not allocated to the Company’s segments for internal reporting purposes.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 20. Subsequent Events The Company has evaluated events that have occurred after the balance sheet date but before the financial statements are issued and has determined that there were no subsequent events requiring adjustment or disclosure in the Consolidated Financial Statements, except as described below. Tax equity fundings During the period of January 1, 2023 through March 31, 2023, Tax Equity Investors provided contributions totaling $10.8 million relating to existing tax equity partnerships during the period. Debt facilities On January 26, 2023 and February 17, 2023, the Company made additional draws on existing debt of $6.1 million and $12.5 million, respectively.

Organization and Operations o_2

Organization and Operations of the LLC	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Operations of the LLC	Note 1. Organization and Operations of the Company Organization Greenbacker Renewable Energy Company LLC (the “Company”) is a Delaware limited liability company formed in December 2012. The Company is an energy transition, renewable energy and investment management company that acquires, constructs and operates renewable energy and energy efficiency projects, as well as finances the construction and/or operation of these and other sustainable development projects and businesses and provides through GCM investment management services to funds within the sustainable infrastructure and renewable energy industry. As of December 31, 2022, the Company’s fleet comprised 456 renewable energy projects with an aggregate power production capacity of approximately 3.1 GW when fully operational. As of December 31, 2022, GCM serves as the registered investment adviser of four funds in the sustainable and renewable energy industry. The Company conducts substantially all its operations through its wholly owned subsidiary, GREC. Until May 19, 2022, the Company was externally managed by GCM. As of and after May 19, 2022, the Company operates as a fully integrated and internally managed company after acquiring GCM and several other related entities, which are now wholly owned subsidiaries of GREC. The Company’s fiscal year-end is December 31. The Company previously conducted continuous public offerings of Class A, C, and I shares of limited liability company interests, along with Class A, C, and I shares pursuant to the Company’s DRP. The public offerings were initially commenced in August 2013 and terminated March 29, 2019, raising a total of $253.4 million. The Company also privately offered Class P-A, P-I, P-D, P-T and P-S shares. These private offerings were conducted between April 2016 and March 16, 2022, raising a total of $1.4 billion. The Company currently offers the DRP pursuant to which shareholders may elect to have the full amount of cash distributions reinvested in additional shares. The Company also offers the SRP pursuant to which quarterly share repurchases are conducted to allow shareholders to sell shares back to the Company. Management Internalization On May 19, 2022, the Company completed the Acquisition pursuant to which it acquired substantially all of the business and assets, including intellectual property and personnel of its external advisor, GCM, an investment management and energy transition, renewable energy, energy efficiency and sustainability-related project acquisition, consulting and development company that is registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), Greenbacker Administration and certain other affiliated companies. All of the acquired businesses and assets were immediately thereafter contributed by the Company to GREC. As a result of the Acquisition, the Company operates as a fully integrated and internally managed company with its own dedicated executive management team and other employees to manage its business and operations. The Company now operates with the capabilities of both an actively managed owner-operator of sustainable infrastructure and renewable energy businesses and as an active third-party investment manager of other funds within the sustainable infrastructure and renewable energy industry. Refer to Note 3. Acquisitions for additional discussion of the Acquisition. For a detailed description, refer to Note 1. Organization and Operations of the Company as included in the Notes to the Consolidated Financial Statements as included in the Non-Investment Basis section of Item 8 of this Annual Report. Prior to May 19, 2022, the LLC was externally managed and is an energy company that acquires, constructs and operates renewable energy and energy efficiency projects as well as finances the construction and/or operation of these and other sustainable development projects and businesses. The LLC conducts substantially all its operations through its wholly owned subsidiary, GREC. GREC is a Maryland corporation formed in November 2011, and the LLC currently holds all the outstanding shares of capital stock of GREC. GREC HoldCo, a wholly owned subsidiary of GREC, was formed in Delaware in June 2016. GREC Administration LLC and Danforth Shared Services LLC, both wholly owned subsidiaries of GREC, were formed in Delaware in January 2020 and May 2019, respectively. The consolidated financial results of the LLC have historically included the results of the LLC and its consolidated subsidiaries, GREC, GREC HoldCo, and GREC Administration LLC and Danforth Shared Services LLC, both of which provide administrative services to LLC and its subsidiaries. As of and prior to May 18, 2022, the use of “we”, “us”, and “our” refer, collectively to the LLC, GREC, GREC HoldCo, GREC Administration LLC, and Danforth Shared Services LLC, unless otherwise expressly stated or context otherwise requires. The LLC was externally managed and advised by GCM, a renewable energy, energy efficiency and sustainability-related project acquisition, consulting and development company that is registered as an investment adviser under the Advisers Act. GCM was acquired by the LLC as part of the Acquisition on May 19, 2022.

Significant Accounting Polici_2

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2. Significant Accounting Policies Basis of Presentation Since inception and prior to the Acquisition, the Company’s historical financial statements were prepared using the investment company basis of accounting in accordance with ASC 946. ASC 946, or Investment Basis requires that if there is a subsequent change in the purpose and design of an entity, the entity should reevaluate its status as an investment company. As a result of the Acquisition and other steps taken by the Company to transition the focus of the Company’s business from being an investor in clean energy projects to a diversified independent power producer coupled with an investment management business, the Company no longer exhibits the fundamental characteristics of, and no longer qualifies as, an investment company. The Company discontinued applying the guidance in ASC 946 and began to account for the change in status prospectively in accordance with Non-Investment Basis as of the date of the change in status, or May 19, 2022 (the closing date of the Acquisition). In accordance with ASC 946, the fair value of an investment at the date of the change in status shall be the investment's initial carrying amount on a Non-Investment Basis. The Company's Consolidated Financial Statements for the period beginning on May 19, 2022 are prepared on a consolidated, Non-Investment Basis to include the financial position, results of operations, and cash flows of the Company and its consolidated subsidiaries rather than on an Investment Basis. This change in status and the accompanying accounting policies affect the comparability of the Consolidated Financial Statements as of and for the historical periods as presented in this annual report on Form 10-K (this “Annual Report”). As such, this Annual Report includes the following: Non-Investment Basis • Consolidated Balance Sheet as of December 31, 2022 • Consolidated Statement of Operations for the period from May 19, 2022 through December 31, 2022 • Consolidated Statement of Comprehensive Income (Loss) for the period from May 19, 2022 through December 31, 2022 • Consolidated Statement of Redeemable Noncontrolling Interests and Equity for the period from May 19, 2022 through December 31, 2022 • Consolidated Statement of Cash Flows for the period from May 19, 2022 through December 31, 2022 • Notes to the Consolidated Financial Statements Investment Basis • Consolidated Statement of Assets and Liabilities as of December 31, 2021 • Consolidated Statements of Operations for the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021 • Consolidated Statements of Changes in Net Assets for the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021 • Consolidated Statements of Cash Flows from the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021 • Consolidated Schedule of Investments as of December 31, 2021 • Notes to the Consolidated Financial Statements Change in Presentation due to Change in Status Effective May 19, 2022, the date of the change in status, the Company prospectively discontinued its application of ASC 946 and, as a result, changed the presentation of the Company's Consolidated Financial Statements. The most significant changes are: • The Consolidated Statement of Assets and Liabilities has been changed to a Consolidated Balance Sheet; • The Consolidated Statement of Operations is no longer presented in the format required under ASC 946. The Company will present the Consolidated Statement of Operations as required under Non-Investment Basis U.S. GAAP. A Consolidated Statement of Other Comprehensive Income (Loss) will be presented, if and when applicable; • The Consolidated Schedule of Investments has been removed; • The Consolidated Statement of Cash Flows has been changed, including now containing a section for investing activities; • Certain footnotes have been changed or removed to reflect conformity with applicable U.S. GAAP under a Non-Investment Basis; and • The Company re-evaluated its interests in all entities to determine whether they are variable interests, and re-evaluated its investments, including its investments in partially owned entities, to determine if they are VIEs, as required under ASC Topic 810, Consolidation ("ASC 810"). The Company also re-evaluated consolidation considerations for all of its investments in VIEs and partially owned entities, as required under ASC 810. Applicable disclosures related to VIEs and other partially owned entities have been included in these Notes to the Consolidated Financial Statements. Prior to the May 19, 2022 change in status, the Company recorded its investments in the renewable energy projects at fair value and recorded the changes in fair value as an unrealized gain or loss. In accordance with ASC 946, the fair value of an investment at the date of the change in status shall be the investment's initial carrying amount on a Non-Investment Basis. Upon the change in status, this fair value accounting is no longer applicable, and the Company now presents on a consolidated basis the underlying assets and liabilities of its subsidiaries in accordance with the applicable U.S. GAAP. The following is a summary of the allocation of the net assets of the Company as of the date of the change in status, May 19, 2022: May 19, 2022 Total members' equity (net assets) $ 1,543,739,908 Plus: Fair value of redeemable noncontrolling interests and noncontrolling interests 74,813,714 Total net assets of the Company $ 1,618,553,622 Assets Cash, cash equivalents and Restricted cash $ 205,449,317 Other current assets 103,875,227 Total current assets 309,324,544 Property, plant and equipment 1,522,994,919 Intangible assets 465,375,389 Investments, at fair value 90,425,067 Derivative assets 118,547,764 Other noncurrent assets 36,360,786 Total noncurrent assets 2,233,703,925 Total assets 2,543,028,469 Liabilities Accounts payable and accrued expenses $ 59,521,770 Other current liabilities 67,617,947 Total current liabilities 127,139,717 Long-term debt, net 501,200,081 Out-of-market contracts 229,576,646 Other noncurrent liabilities 66,558,403 Total noncurrent liabilities 797,335,130 Total liabilities 924,474,847 Total members' equity, redeemable noncontrolling interests and noncontrolling interests $ 1,618,553,622 The Company will continue to recognize and measure its RNCI, Derivative assets (current and noncurrent) and Investments, at fair value. Refer to Note 16. Noncontrolling Interests and Redeemable Noncontrolling Interests, Note 11. Derivative Instruments and Note 6. Fair Value Measurements and Investments for further information surrounding fair value approach and inputs used. As discussed below, the Company adopted ASC 842 as of January 1, 2022. On May 19, 2022, the Company also recognized operating lease, or ROU assets, of $95.1 million, operating lease liabilities, current of $1.2 million and operating lease liabilities, noncurrent of $93.5 million of its subsidiaries that were formerly part of the Company’s investments. The ROU asset and lease liability balances in the May 19, 2022 allocation are not included in the table above. See Note 9. Leases for further details on the ROU assets and lease liabilities recognized at May 19, 2022. Basis of Consolidation The Consolidated Financial Statements and related notes have been prepared on the Non-Investment Basis of accounting in accordance with U.S. GAAP and in conformity with the rules and regulations of the SEC applicable to financial information. The Consolidated Financial Statements include the accounts of the Company, its wholly-owned subsidiaries, and those of its subsidiaries in which it has a controlling financial and/or voting interest. All intercompany balances and transactions have been eliminated in consolidation. The Company determines whether it has a controlling interest in an entity by first evaluating whether the entity is a VIE under U.S. GAAP as discussed further below. In connection with the Acquisition, the Company consolidated the results of operations and financial position of GDEV during the period May 19, 2022 through November 17, 2022. Management determined that GDEV is an investment company under ASC 946 for the purposes of financial reporting. In accordance with ASC 946, when an investment company’s results of operations are consolidated with and into the financial statements of a company that does not follow ASC 946, the results of operations and statement of financial position of the investment company shall continue to be presented in accordance with ASC 946. As such, in the preparation of the Consolidated Financial Statements during the period May 19, 2022 through November 17, 2022, GDEV was presented in the Consolidated Financial Statements of the Company utilizing ASC 946 accounting requirements. ASC 946 requires investments of an investment company to be recorded at the estimated fair value in the Consolidated Balance Sheet and the unrealized gains and/or losses in an investment’s fair value to be recognized on a current basis in the Consolidated Statement of Operations. On November 18, 2022, GREC sold its investment in GDEV to an unrelated third party for total purchase consideration of $5.7 million. The Company realized a gain on sale of this investment in the amount of $0.3 million, which is included in Other expense, net on the Consolidated Statement of Operations. The Company has determined as a result of the sale of GREC’s investment in GDEV that it is no longer the primary beneficiary of GDEV. As a result, GDEV is no longer considered a consolidated subsidiary of the Company, and therefore its financial position is not included on the Consolidated Balance Sheet as of December 31, 2022. Further, the revenue, expenses and income of GDEV are only included within the Company’s Consolidated Statement of Operations for the period May 19, 2022 through November 17, 2022, the date of the deconsolidation. Additionally, the results of operations and financial position of GDEV GP, which GREC has a controlling voting interest in and whose operations are exclusively related to its role as the general partner of GDEV, are no longer eliminated in consolidation beginning with the deconsolidation on November 18, 2022. The following table summarizes the impact of the sale and deconsolidation of GDEV: Balances Prior to Deconsolidation Impact of Sale and Deconsolidation November 18, 2022 Assets Current assets: Cash and cash equivalents $ 191,406 $ 5,467,061 $ 5,658,467 Other current assets 83,612 164,042 247,654 Total current assets $ 275,018 $ 5,631,103 $ 5,906,121 Noncurrent assets: Investments, at fair value $ 73,632,120 $ (71,657,942) $ 1,974,178 Total noncurrent assets 73,632,120 (71,657,942) 1,974,178 Total assets $ 73,907,138 $ (66,026,839) $ 7,880,299 Liabilities, Redeemable Noncontrolling Interests and Equity Current liabilities: Other current liabilities 120,147 (120,147) — Total current liabilities 120,147 (120,147) — Total liabilities $ 120,147 $ (120,147) $ — Equity: Greenbacker Renewable Energy Company LLC controlling interest $ 7,593,663 $ — $ 7,593,663 Accumulated deficit (21,969) 308,606 286,637 Noncontrolling interests 66,215,297 (66,215,297) — Total equity $ 73,786,991 $ (65,906,691) $ 7,880,300 Total liabilities, redeemable noncontrolling interests and equity $ 73,907,138 $ (66,026,838) $ 7,880,300 Variable Interest Entities The Company assesses entities for consolidation in accordance with ASC 810. The Company first considers whether an entity is considered a VIE and therefore whether to apply the VIE model. Entities that do not qualify as VIEs are evaluated for consolidation as voting interest entities (“VOE”) under the voting interest model. The Company consolidates all VIE’s in which it holds a controlling financial interest, and all VOE’s that it controls through a majority voting interest or through other means. The Company evaluates whether an entity is a VIE upon acquisition of ownership interest or when reconsideration events occur as outlined per ASC 810. The consolidation guidance requires an analysis to determine (a) whether an entity in which the Company holds a variable interest is a VIE and (b) whether the Company’s has a controlling financial interest. An entity is a VIE if any one of the following conditions exist: (i) the legal entity does not have sufficient equity investment at risk, (ii) the equity investors at risk, as a group, lack the characteristics of a controlling financial interest, or (iii) the legal entity is structured with disproportionate voting rights. A controlling financial interest is defined as (i) the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. Refer to Note 5. Variable Interest Entities for further details. Equity Method Investments When the Company does not have a controlling financial interest in an entity but exerts significant influence over the entity’s operating and financial decisions, the Company applies the equity method of accounting. The Company has elected the fair value option for each of its equity method investments. The Company reflects changes in the fair value of its equity method investments in Net unrealized gain (loss) on investments on the Consolidated Statement of Operations. Dividend income is recorded in Other revenue on the Consolidated Statement of Operations as of the date that dividends are declared by the investee. The value of the Company's equity method investments are recorded to Investments, at fair value on the Consolidated Balance Sheet. Refer to Note 5. Variable Interest Entities and Note 6. Fair Value Measurements and Investments for further details. Noncontrolling Interests, Redeemable Noncontrolling Interests and Hypothetical Liquidation at Book Value NCI represent the portion of the Company’s net income (loss), net assets and comprehensive income (loss) that are not allocable to the Company as they represent third-party interests in the net assets of the respective entity and are based on the contractual allocations within the respective operating agreement or allocated to NCI attributable to the limited partner investors. For certain NCI when the preferences on profit sharing on liquidation rights and priorities differ from the ownership percentages, the Company considers ASC Topic 970, Real Estate - General and applies the HLBV method of reporting. Under the HLBV method, the amounts of income and loss attributed to the NCI reflect the changes in the amounts the third parties would hypothetically receive at each balance sheet date based on the liquidation provisions of the respective partnership agreements. HLBV assumes that the proceeds available for distribution are equivalent to the unadjusted, stand-alone net assets of each respective partnership, as determined under U.S. GAAP. The third-party noncontrolling interests in the Consolidated Statement of Operations and Consolidated Statement of Comprehensive Income (Loss), if applicable, are determined based on the difference in the carrying amounts of NCI on the Consolidated Balance Sheet between reporting dates, adjusted for any capital transactions between the Company and third-party investors that occurred during the respective period. The Company accounts for the portion of net assets in the consolidated entities attributable to the noncontrolling investors as RNCI or NCI in its Consolidated Financial Statements using the HLBV method. NCI in subsidiaries that are redeemable at the option of the NCI holder are classified as RNCI on the Consolidated Balance Sheet. Refer to Note 16. Noncontrolling Interests and Redeemable Noncontrolling Interests for further details. Use of Estimates The preparation of the Company’s Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include investments in highly liquid money market instruments with an original maturity of three months or less. Restricted Cash Restricted cash consists of cash accounts used as collateral for letters of credit and financial institutional loan requirements that are restricted for use on certain of the Company's renewable energy projects. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded at the invoiced amount, net of allowance for doubtful accounts. Accounts receivable also include unbilled accounts receivable, which is comprised of the monthly power generated under PPAs not yet invoiced. The Company reviews its accounts receivable for collectability and records an allowance for doubtful accounts for estimated uncollectible accounts receivable as deemed necessary. Accounts receivable are written off when they are no longer deemed collectible. The allowance is based on the Company's assessment of known delinquent accounts, historical experience and other currently available evidence of the collectability and the aging of accounts receivable. The underlying assumptions, estimates and assessments the Company uses to provide for losses are updated to reflect the Company's view of current conditions. Changes in such estimates could significantly affect the allowance for losses. It is possible the Company will experience credit losses that are different from the Company's current estimates. Based on the Company's assessment performed as of December 31, 2022, the allowance for doubtful accounts recorded was not material. Fair Value Measurements ASC 820 prioritizes the use of market-based inputs over entity-specific inputs and establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation. The three levels of valuation hierarchy are defined as follows: Level 1: Unadjusted quoted prices for identical assets or liabilities in active markets. Level 2: Other significant observable inputs that are sourced either directly or indirectly from publications or pricing services, including dealer or broker markets, for identical or comparable assets or liabilities. Generally, these inputs should be widely accepted and public, non-proprietary and sourced from an independent third party. Level 3: Inputs derived from a significant amount of unobservable market data and derived primarily through the use of internal valuation methodologies. Refer to Note 6. Fair Value Measurements and Investments for further details. Property, Plant and Equipment, net Property, plant and equipment is stated at historical cost net of accumulated depreciation. Depreciation is computed on a straight-line basis over the estimated remaining useful lives of individual assets or classes of assets noted in the table below or, when the asset is on property subject to a lease or other site control contract, the remaining lease or other contractual periods and renewals that are deemed to be reasonably certain at the date the assets are purchased, if less than the estimated remaining useful life. Additions and improvements extending asset lives beyond their remaining estimated useful lives are capitalized, while repairs and maintenance, including planned major maintenance, are charged to expense as incurred. Asset Class Useful Lives (Years) Solar energy systems 35 Wind energy systems 30 Battery storage systems 10 All costs directly related to the acquisition, development, and construction of long-lived assets are capitalized, including taxes and insurance incurred during the construction phase. A portion of interest costs, including amortization of debt issuance and financing costs associated with the generation facilities' financing arrangements, are capitalized during construction. Development costs includes the project development costs, which are expensed until it is probable that commercial success will be achieved. Once the assets are placed into service, all of t he capitalized costs are depreciated over the estimated useful lives of the assets. Refer to Note 7. Property, Plant and Equipment for further details. Goodwill Goodwill reflects the excess of the consideration transferred, including the fair value of any contingent consideration, over the assigned fair values of the identifiable net assets acquired. Goodwill is not amortized and is tested for impairment at least on an annual basis during the fourth quarter or more frequently if facts or circumstances indicate that the goodwill might be impaired. In assessing goodwill for impairment, the Company may elect to use a qualitative assessment to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of goodwill is less than its carrying amount. If the Company determines it is not more likely than not that the fair value of goodwill is less than its carrying amount, the Company will not be required to perform any additional tests in assessing goodwill for impairment. If the Company concludes otherwise, or elects not to perform the qualitative assessment, then the Company will be required to perform the quantitative impairment test. If the estimated fair value of the reporting unit is less than its carrying value, the Company performs additional quantitative analysis to determine if the reporting unit’s goodwill has been impaired. Impairment is indicated if the estimated fair value of the reporting unit is less than the carrying amount of the reporting unit, and an impairment charge is recognized for the differential. During the period from May 19, 2022 through December 31, 2022, the Company recorded $221.3 million of goodwill related to the Acquisition, which is not deductible for tax purposes. The Company did not recognize any impairment charges on goodwill for the period from May 19, 2022 through December 31, 2022. Refer to Note 8. Goodwill, Other Intangible Assets and Out-of-market Contracts for further details. Amortizable and Other Intangible Assets and Out-of-market Contracts Contract-based intangible assets, including intangible assets and liabilities (out-of-market contracts) associated with PPAs and REC agreements, represent the value of rights that arise from contractual arrangements. When the Company acquires a project with an existing PPA or REC agreement in an asset acquisition or business combination and the terms of the contract are favorable or unfavorable relative to market terms, the Company recognizes intangible assets or liabilities in its accounting for the acquisition. In addition, in the Company’s accounting for the transition from the Investment Basis to the Non-Investment Basis, the Company identified and recorded contract-based intangible assets and liabilities associated with its existing PPAs and REC agreements, as applicable. The Company amortizes identifiable intangible assets consisting of channel partner relationships, out-of-market PPAs, out-of-market REC contracts and trademarks because these assets have finite lives. The Company’s amortizable intangible assets with finite lives are amortized on a straight-line basis over the estimated useful lives. The basis of amortization approximates the pattern in which the assets are utilized, over their estimated useful lives. The contract-based intangible assets and liabilities (out-of-market contracts) associated with PPA and REC agreements for which the fair value has been determined to be less (more) than market are amortized to revenue over the term of each underlying contract on a straight-line basis. Amortization expense related to the Company's finite lived intangible assets was $17.2 million for the period from May 19, 2022 through December 31, 2022. This includes $10.5 million of net contract amortization on PPA and REC contract intangible assets and out-of-market contracts recorded within Contract amortization, net on the Consolidated Statement of Operations, and $6.7 million of amortization expense on channel partner relationships and trademark intangible assets recorded within Depreciation, amortization and accretion on the Consolidated Statement of Operations. Refer to Note 8. Goodwill, Other Intangible Assets and Out-of-market Contracts for further details. Impairment of Long-Lived Assets In accordance with ASC Topic 360, Property, Plant, and Equipment, long-lived assets and intangible assets with determinable useful lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to the future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets and would be charged to earnings. Assets to be disposed of are reported at the lower of the carrying amount or fair value less the costs to sell. The Company did not recognize any impairment charges on long-lived assets for the period from May 19, 2022 through December 31, 2022. Notes Receivable The Company’s notes receivable consists of loans made by the Company, who serves as the debt holder, to different entities, serving as borrowers, as a way to finance the development and construction of renewable energy projects. The Company accounts for its notes receivable in accordance with ASC Topic 310, Receivables (“ASC 310”). In accordance with ASC 310, notes receivable held for investment are reported on the balance sheet at their amortized cost basis. The amortized cost basis is the amount at which a financing receivable or investment is originated or acquired, adjusted for applicable accrued interest, accretion, or amortization of premium, discount, and net deferred fees or costs, or other adjustments. The Company's notes receivable were all issued at their respective principal amounts. Interest income will be recognized based on the contractual rate in the loan agreement and any premium/discount will be amortized to interest income using the effective interest rate method. Further, for loans where paid in kind interest at the election of the borrower is present and for loans where the rate of interest changes over the life of the loan, such interest rate features will be considered and included in the effective interest rate calculation and recognition of interest income. The Company does not currently maintain a loan loss allowance as it has not experienced any such losses in historical periods and does not anticipate future losses. The Company evaluates any potential need for loan loss reserves on a periodic basis based on relevant internal and external factors that affect loan collectability, including the amount of outstanding loans owed to the Company, current collection patterns and current economic trends. As these conditions change, the Company may need to record allowances in future periods. The Company classifies its loans on a current (due within 12 months of reporting date) and long term (due in excess of 12 months from reporting date) basis in accordance with stated maturity dates. Interest income from the notes receivable represents ordinary business activities and are presented as Other revenue on the Consolidated Statement of Operations. The Company’s n otes receivable consists of the following: As of December 31, 2022 Interest rate Maturity date Notes receivable, current Cider $ 41,863,680 8.00% 3/31/2023 OYA 8,491,226 9.00% 2/17/2023 (1) Shepherds Run 8,751,528 8.00% 12/31/2023 Total notes receivable, current $ 59,106,434 Notes receivable, noncurrent New Market $ 5,008,070 9.00% 9/30/2022 (2) SE Solar 5,009,984 9.00% 2/15/2023 (3) Kane Warehouse 275,871 10.25% 2/28/2025 Total notes receivable, noncurrent $ 10,293,925 Total notes receivable $ 69,400,359 (1) The loan was paid in full on February 17, 2023. (2) Option for purchase agreement exercised on September 30, 2022. The parties involved are working in good faith to enter into a purchase agreement. (3) The parties involved are working in good faith on an extension to the agreement. The notes receivable current, are recorded within Notes receivable, current on the Consolidated Balance Sheet. The notes receivable, noncurrent are recorded within Other noncurrent assets on the Consolidated Balance Sheet. Debt Issuance, Deferred Financing Costs and Debt Discount Deferred financing costs are amortized over the term of the Company’s financing arrangements using the effective interest method as a component of interest expense. Unamortized deferred financing costs are reflected as an offset to the scheduled principal payments and are presented as a reduction of Long-term debt, net of current portion, on the Consolidated Balance Sheet. As a result of the change in status from the Investment Basis to the Non-Investment Basis, the Company recorded a debt discount given that the fair value of the majority of its debt facilities was lower than the outstanding principal balance. The total debt discount recorded on May 19, 2022, the date of the change in status, was $29.6 million. Unamortized debt discounts are reflected as an offset to the scheduled principal payments and are presented as a reduction to Long-term debt, net of current portion on the Consolidated Balance Sheet. Refer to Note 10. Debt for further details. Acquisitions For acquisitions meeting the definition of a business combination, the acquisition method of accounting is used in accordance with ASC Topic 805, Business Combinations (“ASC 805”). The consideration transferred for the acquired business is allocated to the assets acquired and liabilities assumed based on the fair values at the date of acquisition, including identifiable intangible assets. Any excess of the amount paid over the estimated fair value of the identifiable net assets acquired is allocated to goodwill. These fair value determinations require judgment and involve the use of significant estimates and assumptions, including assumptions with respect to future cash inflows and outflows, discount rates, implied rate of return and weighted average cost of capital, asset lives and market multiples, among other items. Acquisition-related costs, such as professional fees, are excluded from the consideration transferred and are expensed as incurred. Asset acquisitions are measured based on the cost to the Company, including transaction costs. Asset acquisition costs, or the consideration transferred by the Company, are assumed to be equal to the fair value of the net assets acquired. If the consideration transferred is cash, measurement is based on the amount of cash paid to the seller, as well as transaction costs incurred. The cost of an asset acquisition is allocated to the assets acquired based on their relative estimated fair values. Goodwill is not recognized in an asset acquisition. The Company records contingent consideration related to its asset acquisitions when it is both probable that the Company will be required to pay such amounts and the amount is estimable. These contingencies generally relate to payments due upon the acquired projects reaching milestones as specified in the acquisition agreements. As of December 31, 2022, the Company has recorded a liability of $25.9 million within Contingent consideration, current on the Consolidated Balance Sheet related to these agreements. Segment Information ASC Topic 280, Segment Reporting establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise where discrete financial information is available and evaluated regularly by the CODM, or decision-making group, in deciding how to allocate resources and in assessing performance. The Company manages its business as two operating segments and two reportable segments. Segment information is consistent with how the CODM reviews the business, makes resource allocation decisions, and assesses performance. Refer to Note 19. Segment Reporting for further details. Distribution Policy Distributions to members, if any, will be authorized and declared by the Company's Board of Dire

Investments

Investments	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	InvestmentsThe composition of the LLC’s investments as of December 31, 2021, at fair value, were as follows: Investments at Investments at Fair Value Battery Storage: Pacifica Portfolio $ 11,288,841 $ 10,747,811 0.7 % Subtotal $ 11,288,841 $ 10,747,811 0.7 % Biomass: Eagle Valley Biomass Portfolio $ 24,533,222 $ 17,184,912 1.2 % Subtotal $ 24,533,222 $ 17,184,912 1.2 % Commercial Solar: Celadon Portfolio $ 165,129,450 $ 187,410,880 13.1 % GEH Portfolio 150,463,205 157,925,117 11.0 % Ponderosa Portfolio 49,514,975 59,577,751 4.1 % Sego Lily - Solar Portfolio 107,621,275 122,272,431 8.5 % Trillium Portfolio 74,764,309 101,432,185 7.1 % Other Commercial Solar Portfolios 250,865,362 302,548,767 21.1 % Subtotal $ 798,358,576 $ 931,167,131 64.9 % Wind: Sego Lily - Wind Portfolio $ 117,410,390 $ 140,965,616 9.8 % Greenbacker Wind Holdings II Portfolio 62,787,210 62,272,198 4.3 % Greenbacker Wind - HoldCo Portfolio 84,674,188 78,025,844 5.4 % Other Wind Investments Portfolios 56,638,076 58,770,864 4.1 % Subtotal $ 321,509,864 $ 340,034,522 23.6 % Other Investments: Other Portfolios $ 35,034,396 $ 35,243,259 2.5 % Subtotal $ 35,034,396 $ 35,243,259 2.5 % Energy Efficiency: Other Energy Efficiency Portfolios $ 668,736 $ 685,784 0.1 % Subtotal $ 668,736 $ 685,784 0.1 % Secured Loans: Chaberton Loan $ 2,247,962 $ 2,247,962 0.2 % Encore Loan 3,058,527 3,058,527 0.2 % Hudson Loan 4,984,650 4,984,650 0.3 % Hudson II Loan 4,227,098 4,227,098 0.3 % New Market Loan 5,008,070 5,008,070 0.3 % Shepherd's Run Loan 8,751,528 8,751,528 0.6 % SE Solar Loan 5,008,304 5,008,304 0.3 % Subtotal $ 33,286,139 $ 33,286,139 2.2 % Investments in Money Market Funds: Allspring Treasury Plus Money Market Fund - Institutional Class $ 16,823,110 $ 16,823,110 1.2 % Fidelity Government Portfolio - Class I 16,873,111 16,873,111 1.2 % First American Government Obligations Fund - Class X 16,823,111 16,823,111 1.2 % First American Government Obligations Fund - Class Z 50,000 50,000 — % JPMorgan US Government Money Market Fund - Class L 16,823,111 16,823,111 1.2 % Subtotal $ 67,392,443 $ 67,392,443 4.8 % Total $ 1,292,072,217 $ 1,435,742,001 100.0 % The composition of the LLC’s investments as of December 31, 2021 by geographic region, at cost and fair value, were as follows: Investments Investments Fair Value United States: East Region $ 376,929,916 $ 444,160,983 30.9 % Mid-West Region 222,573,610 233,427,679 16.3 Mountain Region 268,907,355 286,693,236 20.0 South Region 105,516,478 111,030,877 7.7 West Region 249,149,279 291,286,897 20.3 Total United States 1,223,076,638 1,366,599,672 95.2 % Canada: 1,603,136 1,749,886 0.1 Money Market Funds: 67,392,443 67,392,443 4.7 Total $ 1,292,072,217 $ 1,435,742,001 100.0 % The composition of the LLC’s investments as of December 31, 2021 by industry, at cost and fair value, were as follows: Investments Investments Fair Value Battery Storage (2) $ 11,288,841 $ 10,747,811 0.7 % Biomass 24,533,222 17,184,912 1.2 Commercial Solar (1)(2) 831,644,715 964,453,270 67.2 Wind 321,509,864 340,034,522 23.7 Other Investments 35,034,396 35,243,259 2.5 Energy Efficiency 668,736 685,784 — Money Market Funds 67,392,443 67,392,443 4.7 Total $ 1,292,072,217 $ 1,435,742,001 100.0 % ( 1) Includes loans in the amount of $33,286,139. (2) Includes assets that have not reached COD.

Valuation of Investments at Fai

Valuation of Investments at Fair Value	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Valuation of Investments at Fair Value	Valuation of Investments at Fair Value The following table presents fair value measurements of investments, by major class, as of December 31, 2021, according to the fair value hierarchy: Valuation Inputs Level 1 Level 2 Level 3 Fair Value Limited Liability Company Member Interests $ — $ — $ 1,332,932,893 $ 1,332,932,893 Capital Stock — — 1,749,886 1,749,886 Energy Efficiency Secured Loans — — 380,640 380,640 Secured Loans - Other — — 33,286,139 33,286,139 Money Market Funds 67,392,443 — — 67,392,443 Total $ 67,392,443 $ — $ 1,368,349,558 $ 1,435,742,001 Other Financial Instruments* Open swap contracts - liabilities $ — $ (7,501,983) $ — $ (7,501,983) Total $ — $ (7,501,983) $ — $ (7,501,983) * Other financial instruments are derivatives, such as futures, forward currency contracts and swaps. These instruments are reflected at the unrealized appreciation (depreciation) on the instrument. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the period ended May 18, 2022: Balance as of December 31, Net Translation Purchases Cost adjustments (1) Sales and repayments of investments (2) Net Balance as of May 18, Limited Liability Company Member Interests $ 1,332,932,893 $ 13,652,146 $ — $ 322,059,701 $ (210,519,840) $ — $ (1,688) $ 1,458,123,212 Capital Stock 1,749,886 (4,325) (26,172) — — — — 1,719,389 Energy Efficiency - Secured Loans 380,640 — — — — (55,000) — 325,640 Secured Loans - Other 33,286,139 — — 17,364,517 — (12,270,274) — 38,380,382 Total $ 1,368,349,558 $ 13,647,821 $ (26,172) $ 339,424,218 $ (210,519,840) $ (12,325,274) $ (1,688) $ 1,498,548,623 (1) Includes paid-in-kind interest, return of capital and additional investments in existing investments, if any. (2) Includes principal repayments on loans. The total change in unrealized appreciation included in the Consolidated Statements of Operations within Net change in unrealized appreciation (depreciation) on Investments and Foreign currency translation for the period from January 1, 2022 through May 18, 2022 attributable to Level 3 investments still held was $13.6 million. Reclassifications impacting Level 3 of the fair value hierarchy are reported as transfers in or out of Level 3 as of the beginning of the period in which the reclassifications occur. There were no reclassifications attributable to Level 3 investments during the period from January 1, 2022 through May 18, 2022. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the year ended December 31, 2021: Balance as of December 31, Net Translation Purchases Cost adjustments (1) Sales and repayments of investments (2) Net Balance as of December 31, Limited Liability Company Member Interests $ 609,394,039 $ 55,973,939 $ — $ 1,089,298,390 $ (440,266,245) $ 18,561,952 $ (29,182) $ 1,332,932,893 Capital Stock 1,689,628 49,531 10,727 — — — — 1,749,886 Energy Efficiency - Secured Loans 398,640 — — — — (18,000) — 380,640 Secured Loans - Other 37,327,690 — — 24,431,121 — (28,472,672) — 33,286,139 Total $ 648,809,997 $ 56,023,470 $ 10,727 $ 1,113,729,511 $ (440,266,245) $ (9,928,720) $ (29,182) $ 1,368,349,558 (1) Includes paid-in-kind interest, return of capital and additional investments in existing investments, if any. (2) Includes principal repayments on loans. The total change in unrealized appreciation included in the Consolidated Statements of Operations within net change in unrealized appreciation (depreciation) on Investments and Foreign currency translation for the year ended December 31, 2021 attributable to Level 3 investments and foreign currency translation still held as of December 31, 2021 was $56.0 million, respectively. Reclassifications impacting Level 3 of the fair value hierarchy are reported as transfers in or out of Level 3 as of the beginning of the period in which the reclassifications occur. There were no reclassifications attributable to Level 3 investments during the year ended December 31, 2021. As of December 31, 2021, most of the LLC’s portfolio investments utilized Level 3 inputs. The following table presents the quantitative information about Level 3 fair value measurements of the LLC’s investments as of December 31, 2021: Fair Value Valuation Unobservable Range of Inputs Battery Storage* $ 10,747,811 Income Approach and Transaction Cost Discount rate, kWh storage, potential leverage and estimated remaining useful life 9.37%, 2.16% annual degradation in production, 11.0 years Biomass $ 17,184,912 Income Approach Discount rate, kWh production, potential leverage and estimated remaining useful life 8.25%, No annual degradation in production, 12.0 years Commercial Solar* $ 931,167,131 Income Approach and Transaction Cost Discount rate, kWh production, potential leverage and estimated remaining useful life 3.50%-9.07% (7.63%), 0%-0.50% (0.50%) annual degradation in production, 9.2-39.0 (33.6) years Wind $ 340,034,522 Income Approach Discount rate, kWh production, potential leverage and estimated remaining useful life 7.75%-8.43% (7.81%) No annual degradation in production 18.7-31.0 (26.4) years Other Investments $ 35,243,259 Transaction Cost Not Applicable Not Applicable Energy Efficiency $ 685,784 Income and Collateral-Based Approach Market yields and value of collateral 10.25% No annual degradation in production 3.2-4.0 (3.6) years Secured Loans $ 33,286,139 Yield Analysis Market yields 8.00%-10.00% (8.48%) * Includes assets that have not reached COD. GCM utilizes primarily proprietary discounted cash flow pricing models in the fair value measurement of the LLC’s investments. Significant unobservable inputs include discount rates and estimates related to the future production of electricity. Significant increases or decreases in discount rates used or actual kilowatt-hour production can significantly increase or decrease the fair value measurement.

Related Party Agreements and Tr

Related Party Agreements and Transaction Agreements	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Agreements and Transaction Agreements	Note 14. Related Parties The related party disclosures as included herein reflect such matters as of May 19, 2022 and prospectively. Certain of the related party agreements and transactions were impacted by the Acquisition and are detailed in Note 5. Related Party Agreements and Transaction Agreements as included in the Notes to the Consolidated Financial Statements as prepared under the Investment Basis. Immediately prior to the closing of the Acquisition on May 19, 2022, GCM owned 23,601 Class A shares and 2,776 Class P-D shares. In connection with the Acquisition, all Class A shares and Class P-D shares held by GCM were forfeited, retired and cancelled. The forfeiture, retirement, and cancellation of the shares held by GCM for $0.2 million is reflected in Other capital activity on the Consolidated Statement of Redeemable Noncontrolling Interests and Equity. Modified Special Unit In accordance with the terms of the Fourth Operating Agreement, the Special Unitholder was the holder of the Special Unit, which, prior to the completion of the Acquisition, entitled it to receive the Performance Participation Fee and Liquidation Performance Participation Fee, each as described in detail in Note 5. Related Party Agreements and Transaction Agreements as included in the Notes to the Consolidated Financial Statements as prepared under the Investment Basis. Prior to the Acquisition, under the Fourth Operating Agreement, the “Liquidation Performance Participation Fee” payable to the Special Unitholder was equal to 20.0% of the net proceeds from a liquidation of the Company in excess of adjusted capital, as measured immediately prior to liquidation. Adjusted capital was defined as the Company's NAV immediately prior to the time of a liquidation or a listing. In the event of any liquidity event that involved a listing of the Company's shares, or a transaction in which the Company’s members received shares of a company that was listed, on a national securities exchange, the Liquidation Performance Participation Fee would have been equal to 20.0% of the amount, if any, by which the Company's listing value following such liquidity event exceeded the adjusted capital, as calculated immediately prior to such listing (the “Listing Premium”). Any such Listing Premium and related Liquidation Performance Participation Fee would be determined and payable in arrears 30 days after the commencement of trading following such liquidity event. Following the Acquisition, under the Fifth Operating Agreement, the “Liquidation Performance Participation Distribution” is payable to GB Liquidation Performance Holder LLC (the “LPU Holder”) upon the same terms described above with the exception that amounts that may be earned upon the occurrence of a listing of the Company’s shares (or a transaction in which the Company’s members receive shares of a company that is listed) on a national securities exchange are no longer payable in cash, but only in additional Class P-I shares, which will be valued for such purpose at their then fair market value as determined in accordance with the terms of the Fifth Operating Agreement at the time of such listing. In the case of a liquidation of the Company, amounts payable may be paid in additional shares of the Company, other securities and/or cash. Refer to Note 17. Members' Equity for additional details on the Liquidation Performance Unit. Transition Services Agreement In connection with the Acquisition, Group LLC and certain other parties (together, the “Service Recipients”) entered into a transition services agreement with Greenbacker Administration (the “Transition Services Agreement”), pursuant to which Greenbacker Administration is providing certain financial and corporate recordkeeping services to the Service Recipients until the earlier of December 31, 2023 (or December 31, 2026 in the case of one of the Service Recipients), such time as the parties terminate the services arrangement, or one month after such Service Recipient has been liquidated and dissolved. The Service Recipients shall be required to pay a fee of $200 per hour per person performing the services it receives under the Transition Services Agreement. The impact of the Transition Services Agreement to the Consolidated Financial Statements for the period from May 19, 2022 through December 31, 2022 was not material. Registration Rights Agreement In connection with the Acquisition, the Company, GREC, Group LLC and the LPU Holder entered into a customary registration rights agreement (the “Registration Rights Agreement”), pursuant to which GREC has agreed to use commercially reasonable efforts to prepare and file with the SEC not later than 12 months from the beginning of the first full calendar month following completion of an initial public offering by GREC a shelf registration statement relating to the resale of shares of common stock of GREC that may in the future be held by Group LLC, the LPU Holder and/or their respective members to the extent their shares of the Company are repurchased, redeemed, exchanged or converted into shares of common stock of GREC. GREC has agreed to pay customary registration expenses and to provide customary indemnification in connection with the foregoing registration rights. Executive Protection Plan In connection with the closing of the Acquisition, each of Mr. Charles Wheeler and Mr. David Sher terminated their employment agreements with Group LLC, and such employment agreement was superseded by offer letters from GREC and participation in the GREC Executive Protection Plan. GCM Managed Funds Prior to the Acquisition, GCM served as the external advisor of four investment entities - the Company, GROZ, GDEV I and GREC II. The Advisory Agreement between GCM and the Company was terminated in connection with the Acquisition. However, the Company continues to provide through GCM investment management services to GROZ, GDEV I and GREC II as a result of the acquisition of GCM. As a result, the Company began to record Investment Management revenue on the Consolidated Statement of Operations, as applicable, and more fully described below. In addition, the Company entered into an advisory agreement with GDEV II on November 11, 2022. Base management fees under GCM’s advisory fee agreement with GROZ are calculated at a monthly rate of 0.125% (1.50% annually) of the average gross invested capital for GROZ. During the period from May 19, 2022 through December 31, 2022, the Company earned $0.2 million in management fees from GROZ, which is included in Investment Management revenue on the Consolidated Statement of Operations. The management fees earned are payable monthly, in arrears. As of December 31, 2022, the Company was owed $0.1 million in management fees from GROZ, which is included in Accounts receivable on the Consolidated Balance Sheet. The Company is also eligible to receive certain performance-based incentive fee distributions from GROZ, including upon liquidation of GROZ, subject to certain distribution thresholds as defined in the amended and restated limited liability company operating agreement of GROZ. The Company did not recognize any revenue related to GROZ incentive fee distributions for the period from May 19, 2022 through December 31, 2022. Base management fees under GCM’s advisory fee agreements with GDEV and GDEV B, dated March 3, 2022, are calculated as follows. For the period from March 3, 2022 through the date on which the commitment period ends (as defined in the GDEV and GDEV B amended and restated limited partnership agreements), the management fee is calculated at an annual rate of 2.00% of the aggregate capital commitments to GDEV and GDEV B. Beginning on the date following the date on which the commitment period terminates, the management fee is calculated at an annual rate of 2.00% of the aggregate cost basis of all portfolio securities of GDEV and GDEV B. The management fees earned are payable quarterly, in advance. As a result of the Company consolidating GDEV during the period from May 19, 2022 through November 17, 2022, $0.9 million of management fee revenue earned under the advisory agreement with GDEV, was considered intercompany revenue and was therefore eliminated in consolidation. As a result of the deconsolidation of GDEV on November 18, 2022, management fee revenue is no longer eliminated and is recorded on the Consolidated Statement of Operations. Refer to Note 2. Significant Accounting Policies for further information on the deconsolidation of GDEV. During the period from November 18, 2022 through December 31, 2022, the Company earned $0.2 million, in management fees from GDEV, which is included in Investment Management revenue on the Consolidated Statement of Operations. As of December 31, 2022, the Company was not owed any management fees from GDEV. Management fee revenue earned under the advisory agreement with GDEV B is not considered intercompany revenue, and therefore is not eliminated in consolidation. During the period from May 19, 2022 through December 31, 2022 the Company earned $0.4 million in management fees from GDEV B, which is included in Investment Management revenue on the Consolidated Statement of Operations. As of December 31, 2022, GDEV B prepaid $0.6 million in management fees to the Company, which is included in Other current liabilities on the Consolidated Balance Sheet. The Company is also eligible to receive certain performance-based incentive fee distributions from GDEV I, including upon liquidation of GDEV I, subject to certain distribution thresholds as defined in the amended and restated limited liability partnership agreements of GDEV I. The Company did not recognize any revenue related to GDEV I incentive fee distributions for the period from May 19, 2022 through December 31, 2022. Base management fees under GCM's advisory agreement with GDEV II, dated November 11, 2022, are calculated as follows. For the period from November 11, 2022 through the date on which the commitment period ends (as defined in the GDEV II amended and restated limited partnership agreement), the management fee is calculated at an annual rate of 2.00% of the aggregate capital commitments to GDEV II. Beginning on the date following the date on which the commitment period terminates, the management fee is calculated at an annual rate of 2.00% of the aggregate cost basis of all portfolio securities of GDEV II. The management fees earned are payable quarterly, in advance. During the period from November 11, 2022 through December 31, 2022 the Company earned $0.2 million in management fees from GDEV II, which is included in Investment Management revenue on the Consolidated Statement of Operations. As of December 31, 2022, the Company was owed $0.2 million in management fees from GDEV II, which is included in Accounts receivable on the Consolidated Balance Sheet. The Company is also eligible to receive certain performance-based incentive fee distributions from GDEV II, including upon liquidation of GDEV II, subject to certain distribution thresholds as defined in the amended and restated limited liability partnership agreements of GDEV II. The Company did not recognize any revenue related to GDEV II incentive fee distributions for the period from November 11, 2022 through December 31, 2022. Base management fees under GCM's advisory fee agreement with GREC II are to be calculated at a monthly rate of 1.25% annually of the aggregate NAV of the net assets attributable to Class F shares of GREC II plus an annual percentage of the aggregate NAV of the net assets attributable to Class I, Class D, Class T, and Class S shares in accordance with the following schedule: Aggregate NAV Management Fee On NAV up to and including $1,500,000,000 1.75% (0.15% monthly) On NAV in excess of $1,500,000,000 1.50% (0.13% monthly) Due to GREC II's early stage of development, the Company did not earn any management fees under the advisory agreement during the period from May 19, 2022 through December 31, 2022. The Company is also eligible to receive certain performance-based incentive fees from GREC II, including upon liquidation of GREC II, subject to certain distribution thresholds as defined in the advisory agreement between GCM and GREC II. For the period from May 19, 2022 through December 31, 2022, the Company recognized $0.9 million in revenue related to GREC II performance-based incentive fees included in Other revenue on the Consolidated Statement of Operations, and was owed $0.9 million in performance-based incentive fees as of December 31, 2022, which is included in Accounts receivable on the Consolidated Balance Sheet. Other Related Party Transactions The Company entered into secured loans to finance the purchase and installation of energy-efficient lighting with AEC Companies. Certain of the loans with LED Funding LLC, an AEC Company, converted to a lease on the day the energy efficiency upgrades became operational. AEC Companies are considered related parties, as the members of these entities own a direct, noncontrolling ownership interest in the Company. The loans between the AEC Companies and the Company, and the subsequent leases, were negotiated at an arm’s length and contain standard terms and conditions that would be included in third-party lending agreements, including required security and collateral, interest rates based upon risk of the specific loan, and term of the loan. As of December 31, 2022, the Company was owed $0.1 million in lease payments from AEC Companies, which is included in Accounts receivable on the Consolidated Balance Sheet. As of December 31, 2022, the principal balance of the loan receivable was $0.3 million, which is included in Other noncurrent assets on the Consolidated Balance Sheet, and interest receivable was not material. Payments received on the operating leases and the loan receivable during the period from May 19, 2022 through December 31, 2022 were $0.1 million. The related party disclosures as included herein reflects such matters as of May 18, 2022 and prior to such date. Certain of the related party agreements and transactions were impacted by the Acquisition and are detailed in Note 14. Related Parties as included in the Notes to the Consolidated Financial Statements as prepared under the Non-Investment Basis. Prior to the Acquisition, the LLC had executed advisory and administration agreements with GCM and Greenbacker Administration, which entitled GCM, and certain affiliates of GCM, to specified fees upon the provision of certain services with regard to the ongoing management of the LLC as well as reimbursement of O&O costs incurred by GCM on behalf of the LLC (as discussed in Note 2. Significant Accounting Policies) and certain other operating costs incurred by GCM on behalf of the LLC. As the LLC’s previous public offering was terminated on March 29, 2019, its former dealer manager will no longer receive any selling commissions or dealer manager fees. However, our former dealer manager will continue to receive distribution fees on Class C shares until the maximum amount of commissions and dealer manager fees permitted by applicable regulation is reached. With respect to Class C shares only, the LLC pays the former dealer manager a distribution fee that accrues daily in an amount equal to 1/365th of 0.80% of the amount of the net asset value for the Class C shares for such day on a continuous basis from year to year. The LLC will stop paying distribution fees at the earlier of 1) a listing of the Class C shares on a national securities exchange; 2) total underwriting compensation in the offering equals 10.0% of the gross proceeds from the primary offering of Class C shares, following the completion of such offering; or 3) Class C shares are no longer outstanding. The dealer manager may re-allow all or a portion of the distribution fee to participating broker-dealers and servicing broker-dealers. The LLC estimated the amount of distribution fees expected to be paid and recorded that liability at the time of sale of such shares. The liability is included in Deferred sales commission payable on the Consolidated Statement of Assets and Liabilities and fees recorded in Accumulated (losses) (specific to the Class C shares) on the Consolidated Statement of Assets and Liabilities. The LLC continues to assess the value of the liability on a regular basis. The LLC also reimbursed GCM for the O&O costs (other than selling commissions and dealer manager fees) it had incurred on the LLC’s behalf related to the now terminated Registration Statements, only to the extent that the reimbursement would not cause the selling commissions, dealer manager fee and the other O&O costs borne by the LLC to exceed 15.00% of the gross offering proceeds as the amount of proceeds increases. Offering costs incurred by GCM in conjunction with the offering of shares of Class P-A, P-S, P-T and P-D under our current private placement memoranda were subject to the reimbursement by the LLC up to 0.50% (50 basis points) of gross offering proceeds for each such class of shares. Prior to May 19, 2022 the term “Special Unitholder” referred to GREC Advisors, LLC, a Delaware limited liability company, which was a subsidiary of GCM and “special unit”, referred to the special unit of limited liability company interest in the LLC. This entitled the Special Unitholder to receive a Performance Participation Fee. Prior to the Acquisition, the fees and reimbursement obligations related to the operation of the LLC were as follows: Type of Compensation and Recipient Determination of Amount Base Management Fees — GCM Prior to July 1, 2021, the base management fee payable to GCM was calculated at a monthly rate of 0.17% (2.00% annually) of our gross assets (including amounts borrowed up to $50.0 million) until gross assets exceed $800.0 million. The base management fee monthly rate decreased to 0.15% (1.75% annually) for gross assets between $800.0 million to $1.5 billion and 0.13% (1.50% annually) for gross assets greater than $1.5 billion. For services rendered under the advisory agreement, the base management fee was payable monthly in arrears, or more frequently as authorized under the advisory agreement. The base management fee was calculated based on the average of the values of our gross assets for each day of the prior month. Base management fees for any partial period were appropriately prorated. The base management fee had the ability to be deferred or waived, in whole or in part, at the election of GCM. All or any part of the deferred base management fee not taken as to any period was deferred without interest and may be taken in any period prior to the occurrence of a liquidity event as determined by GCM in its sole discretion. On July 1, 2021, the LLC entered into the Advisory Agreement with GCM. Effective July 1, 2021, the base management fee payable to GCM was calculated at a monthly rate of 0.17% (2.00% annually) of the net assets until the net assets exceed $800.0 million. The base management fee monthly rate will decrease to 0.15% (1.75% annually) for net assets between $800.0 million to $1.5 billion and to 0.13% (1.50% annually) for net assets greater than $1.5 billion. Following the completion of the Acquisition and the termination of the Advisory Agreement, the LLC no longer pays a management fee to GCM. Type of Compensation and Recipient Determination of Amount Performance Participation Fees Prior to the Acquisition, under the Fourth Operating Agreement, the “Performance Participation Fee” which the Special Unitholder was entitled to was calculated and payable in arrears, for an amount equal to 12.5% of the total return generated by the LLC during the most recently completed fiscal quarter, subject to a hurdle amount of 1.50% (or 6% annualized) (the “Hurdle Amount”), a loss carryforward amount and a fee carryforward amount. The “Total Return Amount” is defined for each quarterly calculation period, as an amount equal to the sum of: • The aggregate amount of all cash distributions accrued or paid (without duplication) during such quarter on the shares outstanding at the end of such quarter, plus • The amount of the change in aggregate NAV of such shares since the beginning of such quarter, before giving effect to (x) changes in the aggregate NAV of such shares during such quarter resulting solely from the net proceeds of issuances and/or repurchase of shares by the LLC, and (y) the amount of any accrual of the Performance Participation Fee during such quarter. The calculation of the Total Return Amount for each period included any appreciation or depreciation in the NAV of the shares issued during such period but exclude the proceeds from the initial issuance of such shares. The total NAV of the shares outstanding as of the last business day of a calendar quarter was the amount against which changes in the total NAV of the shares outstanding during the subsequent calendar quarter was measured. Furthermore, the “Loss Carryforward Amount” was initially equal to zero and cumulatively increased in any calendar quarter by the absolute value of any negative total return for such quarter and cumulatively decreased in any calendar quarter by the amount of any positive total return. The “Fee Carryforward Amount” was also initially equal to zero, and cumulatively increased in any calendar quarter by (i) the amount, if any, by which the Hurdle Amount (noted above) for such quarter exceeded any positive Total Return Amount for such quarter; and (ii) the amount, if any, by which the catch-up amount for such quarter exceeded excess profits for such quarter. The fee carryforward amount was cumulatively decreased in any calendar quarter by the amount, if any, of the Fee Carryforward Amount paid to the Special Unitholder for such quarter. Neither the Loss Carryforward Amount nor the Fee Carryforward Amount were permitted to less than zero at any given time. The Special Unitholder shall receive the Performance Participation Fee as follows: ● if the Total Return Amount for the applicable period exceeded the sum of (x) the Hurdle Amount for such period and (y) the Loss Carryforward Amount for such Period (any such excess, “Excess Profits”), 100% of such Excess Profits until the total amount paid to the Special Unitholder equals 12.5% of the sum of (x) the Hurdle Amount for such period and (y) any amount paid to the Special Unitholder pursuant to this clause (the “Catch-Up Amount”); ● to the extent there were remaining Excess Profits after payment of the Catch-Up Amount, 100% of such remaining Excess Profits until such amount paid to the Special Unitholder equaled the amount of the Fee Carryforward Amount for such period; and ● to the extent there are remaining Excess Profits after payment of the Catch-Up Amount and the Fee Carryforward Amount (as defined above), 12.5% of such remaining Excess Profits. The Liquidation Performance Participation Fee payable to the Special Unitholder will equal 20.0% of the net proceeds from a liquidation of the LLC in excess of adjusted capital, as measured immediately prior to liquidation. Adjusted capital shall mean the LLC NAV immediately prior to the time of a liquidation or a listing. In the event of any liquidity event that involves a listing of the LLC's shares, or a transaction in which the LLC's members receive shares of a company that is listed, on a national securities exchange, the Liquidation Performance Participation Fee will equal 20.0% of the amount, if any, by which the LLC's listing value following such liquidity event exceeds the adjusted capital, as calculated immediately prior to such listing (the “Listing Premium”). Any such Listing Premium and related Liquidation Performance Participation Fee will be determined and payable in arrears 30 days after the commencement of trading following such liquidity event. For the period from January 1, 2022 through May 18, 2022, GCM earned $10.7 million in management fees. For the year ended December 31, 2021, GCM earned $21.9 million in management fees. As of December 31, 2021, the LLC owed $2.3 million to GCM in management fees, which amounts are included in Management fee payable on the Consolidated Statement of Assets and Liabilities. The Performance participation fee recorded on the Consolidated Statements of Operations for the period from January 1, 2022 through May 18, 2022 is $0.4 million. The Performance participation fee recorded on the Consolidated Statements of Operations for the year ended December 31, 2021 is $4.7 million. The Performance Participation Fee payable and due for the year ended December 31, 2021 was $3.4 million. As of December 31, 2021, $0.6 million were due to GCM for O&O costs related to the private continuous offering and shown as Due to GCM on the Consolidated Statement of Assets and Liabilities. As of May 18, 2022, GCM owned 23,601 Class A shares and 2,776 Class P-D shares. As of December 31, 2021, GCM owned 23,601 Class A shares and 2,776 Class P-D shares. The LLC entered into secured loans to finance the purchase and installation of energy-efficient lighting with LED Funding LLC and AEC Companies. Certain of the loans with LED Funding LLC, converted to a lease on the day the energy efficiency upgrades became operational. AEC Companies are considered related parties, as the members of these entities own an indirect, noncontrolling ownership interest in GCM. The loans outstanding between the AEC Companies and the LLC, and the subsequent leases, were negotiated at an arm’s length and contain standard terms and conditions that would be included in third-party lending agreements, including required security and collateral, interest rates based upon risk of the specific loan, and term of the loan. As of May 18, 2022, all loans and leases are considered current per their terms. On October 9, 2020, GREC made a $5.0 million LP commitment to GDEV, which was increased to $6.1 million in the fourth quarter of 2020. In April 2021, the commitment to GDEV increased to $7.5 million. As the initial investor, GREC was awarded a 10.00% carried interest participation in GDEV GP, GDEV's general partner. GDEV is an affiliate of GREC as GDEV shares the same investment advisor as the LLC. As of May 18, 2022, $2.9 million of the commitment was funded. On December 22, 2020 the LLC, through its wholly owned subsidiary, Citrine Solar LLC, entered into a third transaction with GROZ to sell Gliden Solar, LLC. The asset was sold for a purchase price of $12.8 million based upon the fair value of the investment as determined by an independent third-party appraiser. The transaction resulted in an initial realized gain of $1.6 million all of which was recorded in the year ended December 31, 2020. The proceeds related to the Investment sales receivable were subsequently collected by April 30, 2021.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Borrowings	Note 10. Debt The Company has entered into credit facilities and loan agreements through its subsidiaries, as described below. Outstanding Interest rate Maturity date GREC Entity HoldCo 74,196,983 1 mo. LIBOR + 1.75% June 20, 2025 Midway III Manager LLC 14,609,867 3 mo. LIBOR + 1.63% October 31, 2025 Trillium Manager LLC 72,736,786 3 mo. LIBOR + 1.88% June 9, 2027 GB Wind Holdco LLC 122,684,036 3 mo. LIBOR + 1.38% November 22, 2027 Greenbacker Wind Holdings II LLC 72,476,839 3 mo. LIBOR + 1.88% December 31, 2026 Conic Manager LLC 24,356,358 3 mo. LIBOR + 1.75% April 1, 2028 Turquoise Manager LLC 31,687,423 3 mo. LIBOR + 1.25% December 23, 2027 Eagle Valley Clean Energy LLC 35,112,342 1.91% January 2, 2057 Eagle Valley Clean Energy LLC (Premium financing agreement) 1,063,438 6.99% November 30, 2023 Greenbacker Equipment Acquisition Company LLC 6,500,000 Prime + 1.00% March 31, 2023 ECA Finco I, LLC 19,756,803 3 mo. LIBOR + 2.25% February 25, 2028 GB Solar TE 2020 Manager LLC 19,182,430 3 mo. LIBOR + 1.88% October 30, 2026 Sego Lily Solar Manager LLC 137,445,285 1 mo. SOFR + 1.38% August 17, 2028 Celadon Manager LLC 61,925,120 1 mo. SOFR + 1.50% February 18, 2029 GRP II Borealis Solar LLC 41,787,517 3 mo. LIBOR + 2.50% June 30, 2027 Ponderosa Manager LLC 147,080,167 1 mo. SOFR + 1.10% Various PRC Nemasket LLC 44,487,662 Daily SOFR + 1.25% November 1, 2029 GREC Holdings 1 LLC 60,000,000 1 mo. SOFR + 1.75% November 29, 2027 Total debt $ 987,089,056 Less: Current portion of long-term debt (95,869,554) Less: Discount on long-term debt (28,628,520) Less: Deferred financing fees (11,830,541) Total long-term debt, net $ 850,760,441 GREC Entity HoldCo On November 25, 2021, GREC Entity HoldCo converted its loan to a term loan with a maturity on June 20, 2025. The loan bears interest at a rate equal to the one-month LIBOR rate plus 1.75%. The loan is secured by all of the assets of GREC Entity HoldCo and the equity interests of each direct and indirect subsidiary of the Company. The Company, GREC and each direct and indirect subsidiary of the Company are guarantors of the Company’s obligations under the loan. This guarantee was removed in November 2022 as a condition to the closing of the revolving credit facility at GREC Holdings I, LLC. GREC has pledged all of the equity interests of GREC Entity HoldCo as collateral for this credit facility. Refer to Note 6. Borrowings under the Investment Basis for further detail. Midway III Manager LLC On October 31, 2018, Midway III Manager LLC converted its construction loan to a term loan. During the period from May 19, 2022 through December 31, 2022, Midway reached the fourth anniversary of the term conversion. As such, pursuant to the terms of the term loan agreement, the interest rate on the term loan changed from annual interest at three-month LIBOR plus 1.50% to three-month LIBOR plus 1.63%. This change in interest rate is effective through the maturity date of the term loan. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date of October 31, 2025. The loan is secured by a first-priority security interest in all assets of Midway III Manager LLC, including a pledge of (a) Midway Manager LLC’s interest in Midway III Holdings LLC and (b) GREC’s ownership interests in Midway III Manager LLC. Trillium Manager LLC On June 9, 2020, Trillium Manager LLC entered into a loan agreement which provided for certain construction, revolving and term loans in an amount not to exceed $100.0 million. The revolving loans were available until the Borrowing Base availability End Date, defined as two years after the June 9, 2020 closing date after which all outstanding revolving loans converted into the term loan. The term loan bears interest at a rate of three-month LIBOR plus an applicable margin, which is 1.88% per annum through the fourth anniversary of the closing date, and 2.00% per annum after the fourth anniversary of the closing date and increasing by 0.13% for each fourth anniversary thereafter. The loan is secured by a first-priority security interest in all assets of Trillium Manager LLC, including a pledge of (a) Trillium Manager LLC's interest in Trillium Holdings LLC and, (b) GREC's ownership interests in Trillium Manager LLC. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date of June 9, 2027. In addition, Trillium Manager LLC is party to several letter of credit facility agreements, not to exceed $5.0 million. GB Wind Holdco LLC On November 22, 2019, GB Wind Holdco LLC entered into a loan agreement that was subsequently amended and restated on January 13, 2020, to provided financing in connection with the operation and maintenance of certain wind facilities. The loan bears interest at the three-month LIBOR rate plus an applicable margin, which is 1.38% per annum through the fourth anniversary of the closing date and 1.50% per annum after the fourth anniversary of the closing date and increasing by 0.13% for each fourth anniversary thereafter. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date of November 22, 2027. The loan is secured by wind energy facilities owned through wholly owned subsidiaries. Greenbacker Wind Holdings II LLC On November 20, 2020, Greenbacker Wind Holdings II LLC entered into a financing agreement syndicated with various lenders who agreed to provide long-term financing. On February 19, 2021, Greenbacker Wind Holdings II LLC entered into a second loan agreement pursuant to an amended and restated financing agreement. The loan bears interest at the three-month LIBOR rate plus an applicable margin, which is 1.88% per annum until the fourth anniversary of the term conversion date and 2.00% per annum after the fourth anniversary of the term conversion date. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date of December 31, 2026. The loan is secured by wind energy facilities owned and operated by Greenbacker Wind Holdings II LLC and a pledge of Holiday Hill Manager LLC's interest in Holiday Hill Holdings LLC. Conic Manager LLC On August 8, 2019, Conic Manager LLC entered into a loan agreement. On April 1, 2021, Conic Manager LLC converted its term loan to a revolving line of credit facility in the aggregate principal amount of up to $24.4 million. There is a commitment fee equal to 0.30% per annum on any unused amount. The revolving line of credit facility was available to be drawn until October 31, 2022, at which point the outstanding balance converted to a term loan. Principal and interest payments are made on the last day of each three-month period with principal payments commencing on January 21, 2023 and continuing through the scheduled maturity date of April 1, 2028. The loan bears interest at a rate per annum equal to the LIBOR rate plus 1.75%. The loan is secured by a first-priority security interest in all assets of Conic Manager LLC, including a pledge of (a) Conic Manager LLC's interest in Conic Holdings LLC and, (b) GREC's ownership interests in Conic Manager LLC. Turquoise Manager LLC On February 12, 2020, Turquoise Manager LLC entered into a financing agreement syndicated with various lenders who agreed to provide a construction loan facility, an ITC bridge loan facility, and a term loan facility in connection with the construction and development of a solar energy facility. On December 23, 2020, the term loan conversion date occurred, and the construction loan and ITC bridge loan were repaid in full. The term loan is secured by a first-priority security interest in all assets of Turquoise Manager LLC, including a pledge of (a) Turquoise Manager LLC's interest in Turquoise Holdings LLC and, (b) GREC's ownership interests in Turquoise Manager LLC. The term loan bears interest at the three-month LIBOR rate plus an applicable margin, which is 1.25% per annum through the fifth anniversary of the term conversion, and 1.38% per annum thereafter through the maturity date, December 23, 2027. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date. Eagle Valley Clean Energy LLC On April 24, 2019, Eagle Valley Clean Energy LLC ("EVCE"), as a term of the Company’s acquisition of EVCE, entered into a debt settlement agreement and amended its loan. Pursuant to the debt settlement agreement, the amendment deferred interest payments through March 31, 2024 (the “Interest Forbearance Period”), deferred principal payments through March 31, 2029 (the “Principal Forbearance Period”), provided for certain waivers, and waived any existing events of default. During the Interest Forbearance Period, EVCE is required to make quarterly interest payments of not less than $85,000. Interest will continue to accrue at the then available 30-year fixed interest rate, 1.91%, and will be added to the principal balance, both of which will be payable every three months following the expiration of the Principal Forbearance Period. The loan matures on January 2, 2057. On November 30, 2021, EVCE entered into a premium financing agreement for $1.2 million with an insurance company to provide financing for insurance policies. The loan bears interest at a fixed interest rate of 6.99% per annum through the maturity date, November 30, 2023. Greenbacker Equipment Acquisition Company LLC On January 29, 2021, Greenbacker Equipment Acquisition Company LLC entered into a loan and security agreement to provide an equipment financing line up to $6.5 million. which was advanced on February 1, 2021. The loan bears interest at a rate equal to 1.00% above the prime rate, as it appears in the Wall Street Journal, payable monthly and the principal is payable on the maturity date, March 31, 2023. ECA Finco I LLC On February 25, 2021, ECA Finco I, LLC's loan converted to a term loan. The loan bears interest at the three-month LIBOR rate plus an applicable margin, which is 2.25% per annum until February 25, 2025, and 2.50% per annum thereafter through the maturity date. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date of February 25, 2028. The term loan is secured by a first-priority security interest in all assets of ECA Finco I, LLC, including a pledge of (a) ECA Finco I, LLC’s interest in ECA Holdco I and, (b) GREC's ownership interests in ECA Holdco I. GB Solar TE 2020 Manager LLC On October 30, 2020, GB Solar TE 2020 Manager LLC entered into a loan agreement syndicated with various lenders in an amount not to exceed $19.6 million. The loan bears interest at the three-month LIBOR rate plus an applicable margin, which is 1.88% through the fourth anniversary of the closing date, 2.00% per annum after the fourth anniversary of the closing date and increasing by 0.13% for each fourth anniversary thereafter. The loan is secured by a first-priority security interest in all assets of GB Solar TE 2020 Manager LLC, including a pledge of (a) GB Solar TE 2020 Manager LLC's interest in GB Solar TE 2020 Holdings LLC and, (b) GREC's ownership interests in GB Solar TE 2020 Manager LLC. The loan requires quarterly payments of interest only through September 30, 2022, after which it requires quarterly payments of principal and interest through the maturity date, October 30, 2026. Sego Lily Solar Manager LLC On January 28, 2022, Utility Solar AcquisitionCo 2021 LLC, as a co-borrower with Sego Lily Solar Manager LLC, entered into a financing agreement to provide a construction loan facility, an ITC bridge loan facility, and a term loan facility in connection with the construction and operations of renewable energy facilities. The financing agreement was subsequently amended on June 9, 2022 to add commitments to provide term loans for two wind energy projects. The loan is secured by a first-priority security interest in all assets of Sego Lily Solar Manager LLC, including a pledge of (a) Sego Lily Solar Manager LLC 's interest in Sego Lily Solar Holdings LLC and Graphite Solar Holdings LLC and, (b) GREC's ownership interests in Sego Lily Solar Manager LLC. On August 17, 2022, the loan converted to a term loan. The term loans bear interest at the one-month SOFR plus an applicable margin, which is 1.38% per annum until the fourth anniversary of the term conversion and 1.50% from and including the fourth anniversary and increasing by 0.13% for each fourth anniversary thereafter. Principal and interest payments are made on the last day of each three-month period through the scheduled maturity date of August 17, 2028. Celadon Manager LLC On February 18, 2022, Celadon Manager LLC entered into a loan agreement syndicated with various lenders in an amount not to exceed $71.0 million. The loan is secured by a first-priority security interest in all assets of Celadon Manager LLC, including a pledge of (a) Celadon Manager LLC's interest in Celadon Holdings LLC and, (b) GREC's ownership interests in Celadon Manager LLC. The loan bears interest at the one-month SOFR plus an applicable margin, which is 1.50% through the fifth anniversary of the closing date, 1.63% per annum after the fifth anniversary of the closing date and increasing by 0.13% for each fifth anniversary thereafter. The loan requires quarterly payments of interest only through the fifth anniversary of the closing date, after which it requires quarterly payments of principal and interest through the maturity date, February 18, 2029. GRP II Borealis Solar LLC On February 28, 2017, GRP II Borealis Solar LLC entered into an amended and restated financing agreement syndicated with various lenders who agreed to provide a term loan in an amount not to exceed $60.0 million. The term loan bears interest at the three-month LIBOR rate plus an applicable margin, which is 2.50% through the maturity date, June 30, 2027. Ponderosa Manager LLC On July 26, 2022, Ponderosa Manager LLC and Utility Solar AcquisitionCo 2022 LLC jointly entered into a financing agreement syndicated with various lenders who agreed to provide certain construction, ITC bridge and aggregation loan facilities in an amount not to exceed $173.4 million. The construction and aggregation loan facilities have availability periods through 2023, upon which dates the Company has the option to repay the outstanding principal or convert the loans into a term loan. The ITC bridge loans have maturity dates through 2023. The debt is a construction loan whereby the Company elected a SOFR of 1.10% (construction loan margin of 1.00% and SOFR index adjustment of 0.10%). The loans bear interest at SOFR plus 1.10% until the maturity or conversion date. PRC Nemasket LLC On November 1, 2022, PRC Nemasket LLC entered into a financing agreement. The banks agreed to provide a term loan not to exceed $45.0 million in aggregate. The principal of the term loan shall be due and payable in quarterly principal installments, with final payment due on the maturity date, November 1, 2029. The banks also agreed to extend letters of credit to the borrower not to exceed $2.5 million in aggregate. The letters of credit have an expiration date agreed to at the time of issuance, with an expiration date of no more than twelve months after the date of the of letter issuance. All loans bears interest at SOFR with an applicable margin of 1.25%, increasing to 1.38% after the fourth anniversary of the closing date. GREC Holdings 1 LLC On November 29, 2022, GREC Holdings 1 LLC entered into a credit agreement with a syndicate of lenders for an aggregate revolving credit facility commitment of $150.0 million, with the allowance for increases of credit of no more than $50.0 million. Advances under the revolving credit facility will bear interest at the term SOFR index rate plus a spread adjustment plus applicable margin (spread adjustment of 0.10%; applicable margin ranging between 1.75% and 2.00%), and base rate loans will bear interest of the base rate plus applicable margin (base rate being greatest of prime rate, index floor, or federal funds rate plus 0.5%; applicable margin ranging between 0.75% and 1.00%). The Company has entered into interest rate swap contracts to manage the interest rate risk associated with its outstanding borrowings. Refer to Note 11. Derivative Instruments for further discussion. The following table shows the components of interest expense related to the Company's borrowings for the period from May 19, 2022 through December 31, 2022: Period from May 19, 2022 through December 31, 2022 Loan interest $ 16,092,601 Commitment / letter of credit fees 2,013,308 Amortization of deferred financing costs 1,532,817 Amortization of discount on notes payable 943,556 Interest capitalized (4,614,299) Total $ 15,967,983 Interest expense disclosed in the table above is included within Interest expense, net on the Consolidated Statement of Operations. The principal payments due on borrowings for each of the next five years ending December 31 and thereafter, are as follows: Period ending December 31 Principal Payments 2023 $ 100,174,824 2024 37,846,974 2025 103,930,544 2026 109,250,321 2027 284,224,979 Thereafter 351,661,414 $ 987,089,056 On January 5, 2018, the LLC, through GREC HoldCo, entered into a credit facility agreement (the "Credit Facility"). The Credit Facility consisted of a loan of up to the lesser of $60.0 million or a borrowing base amount based on various solar projects that act as collateral for the Credit Facility, of which approximately $25.7 million was drawn down at closing. The Credit Facility allowed for additional drawdowns through December 31, 2018 and converted to a term loan with a maturity on January 5, 2024. On June 20, 2019, the LLC, through GREC HoldCo, entered into an amended and restated credit agreement (the "New Credit Facility"). The New Credit Facility consists of a loan of up to the lesser of $110.0 million or a borrowing base amount based on various solar projects that act as collateral for the credit facility, of which approximately $58.3 million was drawn down at closing. In November 2020, the LLC, through GREC HoldCo, entered into the Second Amended and Restated Credit Agreement, which amends the New Credit Facility to make available a non-revolving line of credit facility that will convert into a term loan facility and a letter of credit facility. The commitments of the lenders aggregate to $97.8 million between existing term loans, future committed loans and letters of credit, of which approximately $90.7 million was drawn at closing. The New Credit Facility allows for additional drawdowns through November 25, 2021, at which point the outstanding loans shall convert to an additional term loan that matures on June 20, 2025. The LLC used the net proceeds of borrowings under the New Credit Facility for investment in additional alternative energy power generation assets that are anticipated to become projects and for other general corporate purposes. Loans made under the New Credit Facility bear interest at 1.75% in excess of the three-month LIBOR. Prior to the New Credit Facility converting to a term loan, quarterly commitment fees on the average daily unused portion of the Credit Facility were payable at a rate per annum of 0.50%. Borrowings under the New Credit Facility are back-leveraged and secured by all of the assets of GREC HoldCo and the equity interests of each direct and indirect subsidiary of the LLC. The LLC, GREC and each direct and indirect subsidiary of the LLC are guarantors of the LLC’s obligations under the New Credit Facility. GREC has pledged all of the equity interests of GREC HoldCo as collateral for the New Credit Facility. Regarding the Credit Facility, the LLC has entered into five separate interest rate swap agreements as economic hedges. The first swap, with a trade date of June 15, 2017, an effective date of June 30, 2018 and an initial notional amount of $20.9 million, was used to swap the floating-rate interest payments on an additional principal amount of the Credit Facility, for a corresponding fixed payment. The fixed swap rate is 2.26%. The second swap, with a trade date of January 11, 2018, an effective date of December 31, 2018 and an initial notional amount of $29.6 million was used to swap the floating-rate interest payments on the remaining unhedged portion of the Credit Facility, as well as the estimated additional drawdowns, for a corresponding fixed payment. The fixed swap rate is 2.65%. The third swap, with a trade date of February 7, 2018, an effective date of December 31, 2018 and an initial notional amount of $4.2 million, was used to swap the floating-rate interest payments on the remaining unhedged portion of the Credit Facility, as well as the estimated additional drawdowns, for a corresponding fixed payment. The fixed swap rate is 2.97%. The fourth swap, with a trade date of January 2, 2019, an effective date of September 30, 2019 and an initial notional amount of $38.2 million, was used to swap the floating-rate interest payments on the remaining unhedged portion of the Credit Facility, as well as the estimated additional drawdowns, for a corresponding fixed payment. The fixed swap rate is 2.69%. The fifth swap, with a trade date of February 19, 2021, an effective date of February 26, 2021 and an initial notional amount of $7.1 million, was used to swap the floating-rate interest payments on the remaining unhedged portion of the Credit Facility, as well as the estimated additional drawdowns, for a corresponding fixed payment. The fixed swap rate is 1.64%. If an event of default shall occur and be continuing under the New Credit Facility, the commitments under the New Credit Facility may be terminated and the principal amount outstanding under the New Credit Facility, together with all accrued unpaid interest and other amounts owing in respect thereof, may be declared immediately due and payable. On December 6, 2019, GREC entered into a $15.0 million revolving letter of credit facility (“LC Facility”) agreement. On January 30, 2020, the LC Facility was amended to include an equipment loan, and the amount of $5.6 million was drawn down under the equipment facility loan. On March 18, 2020, a repayment of $1.9 million was made, reducing the outstanding balance of the equipment facility loan. On June 9, 2020, a repayment of the remaining outstanding balance occurred. In October 2020, the LC Facility agreement was amended to increase the aggregate principal amount to $22.5 million. On April 1, 2021, the LC Facility agreement was amended to maintain cash collateral in an amount equal to 100.00% of the outstanding obligation and the letter of credit fee was reduced from 2.25% to 0.75%. On June 3, 2021, the LC Facility agreement was amended to extend the maturity date to September 4, 2021. On September 3, 2021, the LC Facility agreement was amended to extend the maturity date to September 4, 2022. On September 28, 2021, the LC Facility agreement was amended to increase the aggregate principal amount to $32.5 million. On February 2, 2022, the LC Facility agreement was amended to increase the aggregate principal amount to $40.0 million. The LLC’s borrowings as of December 31, 2021 was as follows: December 31, 2021 Aggregate Principal Principal Amount Carrying Value Deferred Financing Term Note Payable, New Credit Facility $ 97,822,841 $ 82,151,509 $ 82,151,509 $ 2,737,887 $ 79,413,622 LC Facility 32,500,000 — — — — Total $ 130,322,841 $ 82,151,509 $ 82,151,509 $ 2,737,887 $ 79,413,622 The following table shows the components of interest expense related to the LLC's borrowings for the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021: For the period from January 1, 2022 through May 18, 2022 For the year ended December 31, Credit Facility commitment fee $ 136,171 $ 423,075 Credit Facility loan interest 657,528 1,659,715 Amortization of deferred financing costs 520,183 905,959 Total $ 1,313,882 $ 2,988,749 Weighted average interest rate on Credit Facility 2.0 % 1.9 % Weighted average outstanding balance of Credit Facility $ 81,707,643 $ 87,020,554

Members' Equity_2

Members' Equity	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Members' Equity	Note 17. Members' Equity General Pursuant to the terms of the Fifth Operating Agreement, the Company may issue up to 400,000,000 shares, 350,000,000 of which shares are currently designated as Class A, C, I, P-A, P-D, P-S, P-T, P-I shares and Earnout Shares (collectively, common shares), and 50,000,000 are designated as preferred shares. Except as described below, each class of common shares will have the same voting rights and rights to participate in distributions payable by the Company. In connection with the Acquisition, the Company issued 13,071,153 newly designated Earnout Shares to Group LLC pursuant to a certificate of share designation of Class EO common shares of the Company (the “Certificate of Designation”). Earnout Shares are divided into three separate series, designated as “Tranche 1 Earnout Shares,” “Tranche 2 Earnout Shares,” and “Tranche 3 Earnout Shares,” and are comprised of 4,357,051 Tranche 1 Earnout Shares, 4,357,051 Tranche 2 Earnout Shares, and 4,357,051 Tranche 3 Earnout Shares. Each separate series of Earnout Shares initially do not have the right to participate in any distributions paid by the Company. However, upon the achievement of separate benchmark targets applicable to each series in accordance with the terms of the Certificate of Designation, or upon the occurrence of certain liquidity events, each series of Earnout Shares can become “Participating Earnout Shares” and will become entitled to priority allocations of profits and increases in value from the Company, and will (i) have equivalent economic and other rights as the Class P-I shares of the Company, (ii) vote together as a single class with the Class P-I shares on all matters submitted to holders of Class P-I shares generally, (iii) not have separate voting rights on any matters (other than amendments to the terms of the Participating Earnout Shares that affect such Participating Earnout Shares adversely and in a manner that is different from the terms of the Class P-I shares), and (iv) have the right to participate in all distributions payable by the Company, as if they were, and on a pari passu basis with, the Class P-I shares for all purposes set forth in the Fifth Operating Agreement. Prior to the satisfaction of these targets, Earnout Shares will not be entitled to (x) vote with other shares on matters submitted to the holders of shares generally or (y) receive any distributions made to any other holders of shares (and will not be entitled to any accrual of distributions prior to achieving the targets described in the Certificate of Designation). In connection with the Acquisition, Group LLC received consideration of 24,393,025 Class P-I shares and 13,071,153 Earnout Shares. Holders of the Class P-I shares or Earnout Shares issued pursuant to the Contribution Agreement will not be permitted to sell or transfer the Class P-I shares or Earnout Shares for twelve months after the closing date of the Acquisition. The Company offers shares pursuant to the DRP, and offers an SRP pursuant to which quarterly share repurchases are conducted to allow shareholders to sell shares back to the Company. The following table is a summary of the shares issued and repurchased during the period and outstanding as of December 31, 2022: Shares Outstanding as of May 19, 2022 Shares Issued to Complete the Acquisition Other Capital Activity Shares Issued through Reinvestment of Distributions During the Period Shares Repurchased During the Period Shares Transferred During the Period Shares Outstanding as of December 31, 2022 Class A 16,626,973 — (23,601) 278,470 (740,845) — 16,140,997 Class C 2,766,760 — — 61,152 (154,918) — 2,672,994 Class I 6,445,062 — — 157,542 (199,413) — 6,403,191 Class P-A 794,193 — — 21,867 (1,160) — 814,900 Class P-I 103,334,227 24,393,025 45,664 810,287 (3,504,789) 235,570 125,313,984 Class P-D 198,948 — (2,776) 837 (5,436) — 191,573 Class P-S 47,047,838 — — 456,028 (1,008,419) (233,990) 46,261,457 Class P-T 241,447 — — 3,867 — — 245,314 Total 177,455,448 24,393,025 19,287 1,790,050 (5,614,980) 1,580 198,044,410 As of December 31, 2022, none of the Company’s preferred shares were issued and outstanding. The Fifth Operating Agreement authorizes the Company's Board of Directors, without approval of any of the members, to increase the number of shares the Company is authorized to issue and to classify and reclassify any authorized but unissued class or series of shares into any other class or series of shares having such designations, preferences, right, power and duties as may be specified by the Company's Board of Directors. The Fifth Operating Agreement also authorizes the Company's Board of Directors, without approval of any of the members, to issue additional shares of any class or series for the consideration and on the terms and conditions established by the Company's Board of Directors. In addition, the Company may also issue additional limited liability company interests that have designations, preferences, right, powers and duties that are different from, and may be senior to, those applicable to the common shares. Distribution Reinvestment Plan The Company adopted a DRP through which the Company’s Class A, C and I shareholders could elect to purchase additional shares with distributions from the Company rather than receiving the cash distributions. The DRP was amended as of February 1, 2021 to include all share classes. Shares issued pursuant to the DRP will have the same voting rights as shares offered pursuant to the Company's prior public and private offerings. As of November 30, 2020, pursuant to the Company's Registration Statement on Form S-3D (File No. 333-251021), it is offering up to $20.0 million in Class A, C and I shares to its existing shareholders pursuant to the DRP. No dealer manager fees, selling commissions or other sales charges will be paid with respect to shares issued pursuant to the DRP except for distribution fees on Class C, P-S and P-T shares. At its discretion, the Board of Directors may amend, suspend or terminate the DRP. The Board of Directors may also modify or waive the terms of the DRP with respect to certain or all shareholders, in its discretion, to be in the best interests of the Company. A participant may terminate participation in the DRP by written notice to the plan administrator, received by the plan administrator at least 10 days prior to the distribution payment date. As of December 31, 2022, the Company issued 2,854,508 Class A shares, 501,816 Class C shares, 1,387,945 Class I shares, 48,899 Class P-A shares, 1,592,476 Class P-I shares, 2,380 Class P-D shares, 938,083 Class P-S shares, and 8,190 Class P-T shares for a total of 7,334,297 aggregate shares issued under the DRP. Share Repurchase Program The Company offers an SRP pursuant to which quarterly share repurchases are conducted to allow members to sell shares back to the Company at a price equal to the then current monthly share value for that class of shares. The SRP includes numerous restrictions that will limit a shareholder’s ability to sell shares. At the sole discretion of the Board of Directors, the Company may also use cash on hand (including the proceeds from the issuance of new shares), cash available from borrowings or other external financing sources and cash from liquidation of investments to repurchase shares. A shareholders’ right to purchase is subject to the availability of funds and the other provisions of the SRP. Additionally, a member must hold his or her shares for a minimum of one year before he or she can participate in the SRP, subject to any of the following special circumstances: (i) the written request of the estate, heir or beneficiary or a deceased shareholder; (ii) a qualifying disability of the shareholder for a non-temporary period of time provided that the condition causing the qualifying disability was not pre-existing on the date that the shareholder became a shareholder; (iii) a determination of incompetence of the shareholder by a state or federal court located in the United States; or (iv) as determined by the Board of Directors, in their discretion, to be in the interests of the Company. If a member has made more than one purchase of shares, the one-year holding period will be calculated separately with respect to each purchase. Effective September 1, 2020, the Company, through approval by its Board of Directors, adopted an amended SRP, pursuant to which the Company will conduct quarterly share repurchases to allow members to sell all or a portion of their shares (of any class) back to the Company. The quarterly share repurchases limits for the Company’s new SRP are set forth below. Quarter Ending Share Repurchase Limit(s) September 30, 2021, and each quarter thereafter During any 12-month period, 20.00% of the weighted average number of outstanding shares During any fiscal quarter, 5.00% of the weighted average number of shares outstanding in the prior four fiscal quarters The Company has received an order for the SRP from the SEC under Rule 102(a) of Regulation M under the Exchange Act. In addition, the SRP is substantially similar to repurchase programs for which the SEC has stated it will not recommend enforcement action under Rule 13e-4 and Regulation 14E under the Exchange Act. Liquidation Performance Unit In connection with the Acquisition, the Company issued a new Liquidation Performance Unit (the “LPU”) to the LPU Holder to replace the Special Unit previously issued to GCM. The Special Unit was contributed in connection with and immediately prior to the Acquisition from Group LLC, and therefore, was cancelled and terminated. The LPU Holder was formed on May 19, 2022 with the sole purpose of holding the LPU and is a wholly owned subsidiary of Group LLC. Upon an initial public offering of GREC (the “Listing”) or the liquidation of the Company, LPU Holder shall be entitled to the Liquidation Performance Participation Distribution, the value and character of which is determined as follows: a. if the Liquidation Performance Participation Distribution is payable as a result of a liquidation, the Liquidation Performance Participation Distribution will equal 20.00% of the net proceeds from the liquidation remaining after the other members of the Company have received their share of net proceeds; or b. if the Liquidation Performance Participation Distribution is payable as a result of a Listing, the Liquidation Performance Participation Distribution will equal 20.00% of any premium the Company receives from the Listing. Additionally, the Liquidation Performance Participation Distribution shall be payable by converting the LPU into a number of newly issued Class P-I shares equal to the Liquidation Performance Participation Distribution divided by the Class P-I share value as of the first month end following the 30th trading day Since none of the events that would trigger the Liquidation Performance Participation Distribution was considered probable to occur, no liability was recognized related to the LPU as of December 31, 2022. Additionally, certain employees of the Company received profits interest units from the LPU Holder in exchange for employment services. Since LPU Holder does not have any other operations or assets, the distribution an employee grantee shall receive from these profits interest units is the equivalent of the Liquidation Performance Participation Distribution the Company shall make to the LPU Holder. The Company has determined that the profits interest units do not represent a substantive class of the Company’s equity, and therefore, shall account for the potential distribution to employees as a payable in accordance with ASC 710. Since none of the events that would trigger the distribution was considered probable to occur, no liability was recognized as of December 31, 2022, and no compensation expenses was recognized for the period from May 19, 2022 through December 31, 2022. Distributions On the last business day of each month, with the authorization of the board of directors of the Company (the “Board of Directors”), the Company declares distributions on each outstanding Class A, C, I, P-A, P-I, P-D, P-T and P-S shares. These distributions are calculated based on shareholders of record for each day in amounts equal to that exhibited in the table below based upon distribution period and class of share. Class of Share Distribution Period A C I P-A P-I P-D P-T P-S 1-Nov-15 31-Jan-16 $ 0.00165 $ 0.00165 $ 0.00165 $ — $ — $ — $ — $ — 1-Feb-16 30-Apr-16 $ 0.00166 $ 0.00166 $ 0.00166 $ — $ — $ — $ — $ — 1-May-16 31-Jul-16 $ 0.00166 $ 0.00166 $ 0.00166 $ 0.00158 $ 0.00158 $ — $ — $ — 1-Aug-16 31-Oct-16 $ 0.00168 $ 0.00168 $ 0.00168 $ 0.00160 $ 0.00160 $ — $ — $ — 1-Nov-16 31-Jan-17 $ 0.00169 $ 0.00164 $ 0.00169 $ 0.00160 $ 0.00160 $ — $ — $ — 1-Feb-17 30-Apr-17 $ 0.00168 $ 0.00164 $ 0.00168 $ 0.00160 $ 0.00160 $ — $ — $ — 1-May-17 31-Jul-17 $ 0.00167 $ 0.00163 $ 0.00167 $ 0.00160 $ 0.00158 $ — $ — $ — 1-Aug-17 31-Oct-17 $ 0.00167 $ 0.00163 $ 0.00167 $ — $ 0.00159 $ — $ — $ — 1-Nov-17 31-Oct-18 $ 0.00167 $ 0.00163 $ 0.00167 $ — $ 0.00158 $ — $ — $ — 1-Nov-18 30-Apr-20 $ 0.00167 $ 0.00163 $ 0.00167 $ 0.00165 $ 0.00158 $ — $ — $ — 1-May-20 30-Nov-20 $ 0.00152 $ 0.00149 $ 0.00152 $ 0.00153 $ 0.00158 $ — $ — $ — 1-Dec-20 31-Dec-22 $ 0.00152 $ 0.00149 $ 0.00152 $ 0.00152 $ 0.00158 $ 0.00158 $ 0.00158 $ 0.00158 On the last business day of each month, with the authorization of the Company’s Board of Directors, the Company declares distributions on each outstanding Class A, C, I, P-A, P-I, P-D, P-T and P-S shares. The following table reflects the distributions declared during the period from May 19, 2022 through December 31, 2022: Pay Date Paid in Value of Total June 1, 2022 $ 6,954,111 $ 2,020,049 $ 8,974,160 July 1, 2022 7,344,811 1,889,655 9,234,466 August 1, 2022 7,570,118 1,955,461 9,525,579 September 1, 2022 7,564,952 1,973,079 9,538,031 October 3, 2022 7,312,905 1,922,613 9,235,518 November 1, 2022 7,507,085 1,986,513 9,493,598 December 1, 2022 7,270,876 1,930,103 9,200,979 January 3, 2023 7,702,756 1,967,527 9,670,283 Total $ 59,227,614 $ 15,645,000 $ 74,872,614 All distributions paid for the period from May 19, 2022 through December 31, 2022 are expected to be reported as a return of capital to members for tax reporting purposes. Cash distributions for the year ended May 19, 2022 through December 31, 2022 were funded from cash on hand and other external financing sources. The Company expects to continue to fund distributions from a combination of cash on hand, cash from operations as well as other external financing sources. Due to the Company’s change in acquisition strategy to include a greater number of pre-operational assets that are not yet generating cash from operations, a significant amount of distributions will continue to be funded from other external financing sources until such projects become operational. Management fee and incentive fee revenue from our IM segment will also be utilized as a source of capital to fund distributions as this portion of our business grows. General Pursuant to the terms of the Operating Agreement, the LLC may issue up to 400,000,000 shares, of which 350,000,000 shares are currently designated as Class A, C, I, P-A, P-D, P-S, P-T and P-I shares (collectively, common shares), and 50,000,000 are designated as preferred shares and one special unit. Each class of common shares has the same voting rights. Class P-A shares were not offered for sale from March 29, 2019 through October 17, 2020, but were reinstated as of October 18, 2020, along with the commencement of three new share classes: P-D, P-T and P-S. The following table is a summary of the shares issued and repurchased during the period and outstanding as of May 18, 2022: Shares Outstanding as of December 31, Shares Shares Shares Shares Outstanding as of May 18, Class A shares 16,580,558 — 137,884 (91,469) 16,626,973 Class C shares 2,741,963 — 31,007 (6,210) 2,766,760 Class I shares 6,449,493 — 77,618 (82,049) 6,445,062 Class P-A shares 783,593 — 10,600 — 794,193 Class P-I shares 92,069,013 11,211,603 370,820 (317,209) 103,334,227 Class P-D shares 198,548 — 400 — 198,948 Class P-S shares 46,324,757 713,196 233,094 (223,209) 47,047,838 Class P-T shares 239,594 — 1,853 — 241,447 Total 165,387,519 11,924,799 863,276 (720,146) 177,455,448 The following table is a summary of the shares issued and repurchased during the period and outstanding as of December 31, 2021: Shares Outstanding as of December 31, Shares Sold Shares Shares Shares Transferred During the Period Shares Outstanding as of December 31, Class A shares 16,844,129 — 413,371 (661,926) (15,016) 16,580,558 Class C shares 2,734,661 — 93,130 (85,828) — 2,741,963 Class I shares 6,526,001 — 231,377 (296,575) (11,310) 6,449,493 Class P-A shares 55,264 711,897 16,432 — — 783,593 Class P-I shares 36,710,292 56,416,202 411,369 (1,493,868) 25,018 92,069,013 Class P-D shares — 197,405 1,143 — — 198,548 Class P-S shares — 46,075,796 248,961 — — 46,324,757 Class P-T shares — 237,124 2,470 — — 239,594 Total 62,870,347 103,638,424 1,418,253 (2,538,197) (1,308) 165,387,519 The proceeds from shares sold and the value of shares issued through the reinvestment of distributions for each class of shares for the for the period from January 1, 2022 through May 18, 2022 and for the year ended December 31, 2021 were as follows: Class A Class C Class I Class P-A Class P-I Class P-D Class P-S Class P-T Total For the period from January 1, 2022 through May 18, 2022: Proceeds from Shares Sold $ — $ — $ — $ — $ 98,650,613 $ — $ 6,300,999 $ — $ 104,951,612 Proceeds from Shares Issued through Reinvestment of Distributions $ 1,148,176 $ 252,049 $ 646,222 $ 91,397 $ 3,262,904 $ 3,540 $ 2,065,980 $ 16,464 $ 7,486,732 For the year ended December 31, 2021: Proceeds from Shares Sold $ — $ — $ — $ 6,210,692 $ 504,228,647 $ 1,774,641 $ 413,941,487 $ 2,130,975 $ 928,286,442 Proceeds from Shares Issued through Reinvestment of Distributions $ 3,511,041 $ 768,984 $ 1,964,922 $ 142,773 $ 3,648,652 $ 10,264 $ 2,222,218 $ 22,122 $ 12,290,976 As of December 31, 2021, none of the LLC’s preferred shares were issued and outstanding. Distribution Reinvestment Plan The LLC adopted a DRP through which the LLC’s Class A, C and I shareholders may elect to have the full amount of cash distributions reinvested in additional shares rather than receiving the cash distributions. The DRP was amended as of February 1, 2021 to include all share classes. Shares issued pursuant to the DRP will have the same voting rights as shares offered pursuant to the LLC’s prior public and current private offerings. As of November 30, 2020, pursuant to our Registration Statement on Form S-3D (File No. 333-251021), the LLC was offering up to $20.0 million in Class A, C and I shares to our existing shareholders pursuant to the DRP. No dealer manager fees, selling commissions or other sales charges will be paid with respect to shares issued pursuant to the DRP except for distribution fees on Class C, P-S and P-T shares. At its discretion, the Board of Directors may amend, suspend or terminate the DRP. The Board of Directors may also modify or waive the terms of the DRP with respect to certain or all shareholders, in its discretion, to be in the best interests of the LLC. A participant may terminate participation in the DRP by written notice to the plan administrator, received by the plan administrator at least 10 days prior to the distribution payment date. As of May 18, 2022, the LLC issued 2,576,038 Class A shares, 440,664 Class C shares, 1,230,403 Class I shares, 27,032 Class P-A shares, 782,189 Class P-I shares, 1,543 Class P-D shares, 482,055 Class P-S shares and 4,323 Class P-T shares for a total of 5,544,247 aggregate shares issued under the DRP. As of December 31, 2021, the LLC issued 2,438,154 Class A shares, 409,657 Class C shares, 1,152,785 Class I shares, 16,432 Class P-A shares, 411,369 Class P-I shares, 1,143 Class P-D shares, 248,961 Class P-S shares and 2,470 Class P-T shares for a total of 4,680,971 aggregate shares issued under the DRP. Share Repurchase Program The LLC offers a SRP pursuant to which quarterly share repurchases will be conducted to allow members to sell shares back to the LLC at a price equal to the then current offering price less the selling commissions and dealer manager fees associated with that class of shares. The SRP includes numerous restrictions that will limit a shareholder’s ability to sell shares. At the sole discretion of the Board of Directors, the LLC may also use cash on hand (including the proceeds from the issuance of new shares), cash available from borrowings and cash from liquidation of investments to repurchase shares. A shareholders’ right to purchase is subject to the availability of funds and the other provisions of the SRP. Additionally, a member must hold his or her shares for a minimum of one year before he or she can participate in the SRP, subject to any of the following special circumstances: (i) the written request of the estate, heir or beneficiary or a deceased shareholder; (ii) a qualifying disability of the shareholder for a non-temporary period of time provided that the condition causing the qualifying disability was not pre-existing on the date that the shareholder became a shareholder; (iii) a determination of incompetence of the shareholder by a state or federal court located in the United States; or (iv) as determined by the Board of Directors, in their discretion, to be in the interests of the LLC. If a member has made more than one purchase of shares, the one-year holding period will be calculated separately with respect to each purchase. Through September 30, 2020, quarterly share repurchases were conducted to allow up to approximately 5.00% of the weighted average number of outstanding shares in any 12-month period to be repurchased by the LLC. Effective September 1, 2020, the LLC, through approval by its Board of Directors, adopted an amended SRP, pursuant to which the LLC will conduct quarterly share repurchases to allow members to sell all or a portion of their shares (of any class) back to the LLC. The quarterly share repurchase limits for the LLC's new SRP are set forth below. Quarter Ending Share Repurchase Limit(s) December 31, 2020 During such fiscal quarter, 1.88% of the weighted average number of shares outstanding in the prior four fiscal quarters March 31, 2021 During such fiscal quarter, 2.50% of the weighted average number of shares outstanding in the prior four fiscal quarters June 30, 2021 During such fiscal quarter, 3.75% of the weighted average number of shares outstanding in the prior four fiscal quarters September 30, 2021, and each quarter thereafter During any 12-month period, 20.00% of the weighted average number of outstanding shares During any fiscal quarter, 5.00% of the weighted average number of shares outstanding in the prior four fiscal quarters The LLC has received an order for the SRP from the SEC under Rule 102(a) of Regulation M under the Exchange Act. In addition, the SRP is substantially similar to repurchase programs for which the SEC has stated it will not recommend enforcement action under Rule 13e-4 and Regulation 14E under the Exchange Act.

Distributions

Distributions	12 Months Ended
	Dec. 31, 2022
Distributions Made to Members or Limited Partners [Abstract]
Distributions	DistributionsOn the last business day of each month, with the authorization of the LLC’s Board of Directors, the LLC declares distributions on each outstanding Class A, C, I, P-A, P-I, P-D, P-T and P-S shares. These distributions are calculated based on shareholders of record for each day in amounts equal to that exhibited in the table below based upon distribution period and class of share. Class of Share Distribution Period A C I P-A P-I P-D P-T P-S 1-Nov-15 31-Jan-16 $ 0.00165 $ 0.00165 $ 0.00165 $ — $ — $ — $ — $ — 1-Feb-16 30-Apr-16 $ 0.00166 $ 0.00166 $ 0.00166 $ — $ — $ — $ — $ — 1-May-16 31-Jul-16 $ 0.00166 $ 0.00166 $ 0.00166 $ 0.00158 $ 0.00158 $ — $ — $ — 1-Aug-16 31-Oct-16 $ 0.00168 $ 0.00168 $ 0.00168 $ 0.00160 $ 0.00160 $ — $ — $ — 1-Nov-16 31-Jan-17 $ 0.00169 $ 0.00164 $ 0.00169 $ 0.00160 $ 0.00160 $ — $ — $ — 1-Feb-17 30-Apr-17 $ 0.00168 $ 0.00164 $ 0.00168 $ 0.00160 $ 0.00160 $ — $ — $ — 1-May-17 31-Jul-17 $ 0.00167 $ 0.00163 $ 0.00167 $ 0.00160 $ 0.00158 $ — $ — $ — 1-Aug-17 31-Oct-17 $ 0.00167 $ 0.00163 $ 0.00167 $ — $ 0.00159 $ — $ — $ — 1-Nov-17 31-Oct-18 $ 0.00167 $ 0.00163 $ 0.00167 $ — $ 0.00158 $ — $ — $ — 1-Nov-18 30-Apr-20 $ 0.00167 $ 0.00163 $ 0.00167 $ 0.00165 $ 0.00158 $ — $ — $ — 1-May-20 30-Nov-20 $ 0.00152 $ 0.00149 $ 0.00152 $ 0.00153 $ 0.00158 $ — $ — $ — 1-Dec-20 31-Dec-22 $ 0.00152 $ 0.00149 $ 0.00152 $ 0.00152 $ 0.00158 $ 0.00158 $ 0.00158 $ 0.00158 The following table reflects the distributions declared during the period from January 1, 2022 through May 18, 2022: Pay Date Paid in Value of Total February 1, 2022 $ 6,216,132 $ 1,856,347 $ 8,072,479 March 1, 2022 5,712,141 1,720,315 7,432,456 April 1, 2022 6,496,827 1,975,380 8,472,207 May 2, 2022 6,291,008 1,934,690 8,225,698 Total $ 24,716,108 $ 7,486,732 $ 32,202,840 The following table reflects the distributions declared during the year ended December 31, 2021: Pay Date Paid in Value of Total February 1, 2021 $ 2,555,800 $ 538,241 $ 3,094,041 March 4, 2021 3,063,308 487,868 3,551,176 April 1, 2021 4,783,092 523,715 5,306,807 May 3, 2021 4,733,419 565,208 5,298,627 June 1, 2021 4,762,355 886,124 5,648,479 July 1, 2021 4,709,348 960,096 5,669,444 August 2, 2021 5,217,796 1,071,227 6,289,023 September 1, 2021 5,423,345 1,145,375 6,568,720 October 1, 2021 5,516,811 1,229,494 6,746,305 November 1, 2021 5,946,262 1,463,710 7,409,972 December 1, 2021 5,938,698 1,662,579 7,601,277 January 3, 2022 6,174,878 1,755,921 7,930,799 Total $ 58,825,112 $ 12,289,558 $ 71,114,670 All distributions paid for the period from January 1, 2022 through May 18, 2022 are expected to be reported as a return of capital to members for tax reporting purposes, and all distributions paid for the year ended December 31, 2021 were reported as a return of capital to members for tax purposes. Cash distributions paid during the periods presented were funded from the following sources noted below: For the period from January 1, 2022 through May 18, 2022 For the year ended December 31, Cash from operations $ — $ — Offering proceeds 30,891,000 55,097,266 Total cash distributions $ 30,891,000 $ 55,097,266 The LLC expects to continue to fund distributions from a combination of cash from operations as well as other external financing sources. Due to the LLC’s change in acquisition strategy to include a greater number of pre-operational assets, a significant amount of distributions will continue to be funded from other external financing sources.

Income Taxes_2

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 15. Income Taxes The Company conducts most of its operations through GREC, its taxable wholly owned subsidiary. The Company’s consolidated income tax provision consists of the following: Period from May 19, 2022 through December 31, 2022 Federal $ 984,603 State 2,019,115 Foreign 1,401 Deferred provision for income taxes $ 3,005,119 The principal differences between the Company's effective tax rate on operations and the U.S. federal statutory income tax rate as of December 31, 2022 are as follows: Period from May 19, 2022 through December 31, 2022 Percentage Tax (benefit) at statutory U.S. federal income tax rate $ (12,001,750) 21.0 % State income taxes, net of federal benefit 937,456 (1.6) % Noncontrolling interest 12,482,232 (21.8) % Share-based compensation 1,441,163 (2.5) % Federal tax credits (2,100,381) 3.7 % Change in valuation allowance 657,644 (1.2) % Permanent differences (GREC LLC and other - net) 1,588,755 (2.8) % Actual provision for income taxes $ 3,005,119 (5.2) % Deferred tax assets (liabilities) have been classified on the accompanying Consolidated Balance Sheet as of December 31, 2022 as follows: 2022 Net operating losses $ 98,911,035 Federal tax credits 16,251,724 Operating lease liabilities 14,281,891 Asset retirement obligations 5,286,656 Disallowed interest 5,027,580 Other 3,570,566 Total deferred tax assets 143,329,452 Less: Valuation allowance (2,170,000) Deferred tax assets, net of valuation allowance $ 141,159,452 Investments in flow-through entities taxed as partnerships $ (41,666,863) Derivative assets (51,568,960) Property, plant, and equipment (48,090,012) Intangibles (64,833,949) Operating lease assets (14,070,292) Long-term debt (4,657,929) Total deferred tax liabilities $ (224,888,005) Deferred tax liabilities, net $ 83,728,553 The Company’s net deferred tax liability of $83.7 million consists of a deferred tax liability of $85.7 million, offset by a deferred tax asset of $1.9 million, which are recorded to Deferred tax liabilities, net and Other noncurrent assets, respectively, on the Consolidated Balance Sheet. As of December 31, 2022, the Company has federal net operating loss carry-forwards of approximately $372.1 million. Approximately $322.6 million of the carry-forward is indefinite lived with the remaining $49.5 million expiring in 2034 through 2037. Federal tax credit carryforwards are approximately $16.3 million and expire in 2035 through 2042. State net operating loss and carryforwards total approximately $383.2 million. Approximately $40.8 million of the net operating loss carry-forward is indefinite lived with the remaining $342.4 million expiring in 2023 through 2042 with earlier years expirations reserved by a valuation allowance. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. As of December 31, 2022, management has applied a partial valuation allowance of $2.2 million against the deferred tax assets resulting from certain state net operating loss carryforwards where it is more likely than not that they will not be utilized during their carryforward period. Federal and state statutes of limitations are generally open for all years in which the Company has generated net operating losses, the earliest of which is the year ended December 31, 2014. The Company assessed its tax positions for all open tax years as of December 31, 2022 for all U.S. federal and state, and foreign tax jurisdictions for the years 2014 through 2022. The results of this assessment are included in the Company’s tax provision and deferred tax assets as of December 31, 2022. Note 9. Income Taxes The LLC conducts most of its operations through GREC, its taxable wholly owned subsidiary. The consolidated income tax provision for the period from January 1, 2022 through May 18, 2022 and year ended December 31, 2021 is composed of the following: Current Deferred Total For the period from January 1, 2022 through May 18, 2022 U.S. federal $ — $ 6,514,622 $ 6,514,622 State and local — 2,393,271 2,393,271 Foreign jurisdiction — — — Provision for income taxes $ — $ 8,907,893 $ 8,907,893 Change in valuation allowance — — — Provision for income taxes, net $ — $ 8,907,893 $ 8,907,893 Current Deferred Total Year Ended December 31, 2021 U.S. federal $ — $ 5,075,307 $ 5,075,307 State and local — 2,946,388 2,946,388 Foreign jurisdiction — — — Provision for income taxes $ — $ 8,021,695 $ 8,021,695 Change in valuation allowance — 817,262 817,262 Provision for income taxes, net $ — $ 8,838,957 $ 8,838,957 The principal differences between our effective tax rate on operations and the U.S. federal statutory income tax rate are as follows: For the period from January 1, 2022 through May 18, 2022 Percentage 2021 Percentage Taxes at statutory U.S. federal income tax rate $ 8,320,219 21.0 % $ 10,890,547 21.0 % Permanent differences (GREC LLC and other) 624,645 1.6 % 347,555 0.7 % State income taxes, net of federal benefit 1,890,684 4.8 % 2,253,655 4.3 % Write off state credits — — % 334,079 0.6 % Rate changes — — % — — % Return to provision and other adjustments (40,196) (0.1) % (1,850,554) (3.6) % Federal tax credits (1,887,459) (4.8) % (3,953,587) (7.6) % Change in valuation allowance — — % 817,262 1.6 % Actual provision for income taxes $ 8,907,893 22.5 % $ 8,838,957 17.0 % Deferred tax assets (liabilities) have been classified on the accompanying Consolidated Statement of Assets and Liabilities as of December 31, 2021 as follows: 2021 Amortization $ 42,799 Disallowed interest 4,731,734 Net operating losses 60,652,197 Federal and state tax credits 11,996,064 Unrealized gains (102,617,534) Deferred tax liabilities $ (25,194,740) Less: valuation allowance (1,512,356) Deferred tax liabilities, net $ (26,707,096) In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax assets, projected future taxable income and tax planning strategies in making this assessment. Based upon projections for future taxable income over the periods in which the deferred tax assets would be deductible, management as of December 31, 2021 has applied a partial valuation allowance of $1.5 million against the deferred tax assets that are not more likely than not to be utilized during their carryforward period. The LLC follows the authoritative guidance on accounting for uncertainty in income taxes and has concluded it has no material uncertain tax positions to be recognized at this time. The LLC assessed its tax positions and filings for all open tax years as of May 18, 2022 for all federal and state tax jurisdictions for the years 2014 through 2021. The effective tax rate for the period from January 1, 2022 through May 18, 2022 is 22.5%. For the period from January 1, 2022 through May 18, 2022, the primary items giving rise to the difference between the 21.0% statutory rate for corporations and the 22.5% effective tax rate are state taxes, federal tax credits, and other permanent differences primarily related to expenses recorded at the partnership level which are not taxable. The effective tax rate for the year ended December 31, 2021 is 17.0%. The primary items giving rise to the difference between the 21.0% statutory rate and the 17.0% effective tax rate are primarily state taxes, 2020 provision to return adjustments and federal tax credits. Federal and state statutes of limitations are effectively open for all years in which the LLC has generated net operating losses, the earliest of which is the year ended December 31, 2014, until the years those losses were utilized are closed.

Commitments and Contingencies_2

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13. Commitments and Contingencies Legal Proceedings The Company may become involved in legal proceedings, administrative proceedings, claims and other litigation that arise in the ordinary course of business. Individuals and interest groups may sue to challenge the issuance of a permit for a renewable energy project or seek to enjoin construction of a wind energy project. In addition, the Company may be subject to legal proceedings or claims contesting the construction or operation of its renewable energy projects. In defending itself in these proceedings, the Company may incur significant expenses in legal fees and other related expenses, regardless of the outcome of such proceedings. Unfavorable outcomes or developments relating to these proceedings, such as judgments for monetary damages, injunctions or denial or revocation of permits, could have a material adverse effect on the Company's business, financial condition and results of operations. In addition, settlement of claims could adversely affect the Company's financial condition and results of operations. As of December 31, 2022, the Company is not aware of any legal proceedings that might have a significant adverse impact on the Company. Letters of Credit The Company is required to provide security under the terms of several of its power purchase agreements, permits, lease agreements and other project documents as well as many of its loan agreements. As of December 31, 2022, the Company has provided the requisite security for these agreements in the form of a standby letter of credit of $109.3 million. As of December 31, 2022, no amounts had been drawn under these letters of credit. Pledge of Collateral and Unsecured Guarantee of Loans to Subsidiaries Pursuant to various project loan agreements between the Company's subsidiaries and various lenders, the Company has pledged solar and wind operating assets as well as the membership interests in various subsidiaries as collateral for the term loans with maturity dates ranging from March 2023 through January 2057. Investment in To-Be-Constructed Assets and Membership Interest Purchase Commitments Pursuant to various engineering, procurement and construction contracts to which certain of the Company's subsidiaries are individually a party, the subsidiaries, and indirectly the Company, have committed an outstanding balance of approximately $157.5 million to complete construction of the facilities. Based upon current construction schedules, the expectation is that these commitments will be fulfilled in 2023 into 2024. In addition, pursuant to various membership interest purchase agreements to which the Company via its subsidiaries are a party, the Company has committed an outstanding balance of approximately $943.4 million to complete the closing pursuant to all conditions being met under the membership interest purchase agreements as of December 31, 2022. The Company plans to use debt and tax equity financing as well as cash on hand to fund such commitments. Power Purchase Agreements The Company has long-term PPAs with its offtake customers. Under the PPAs, the Company is required to deliver agreed upon quantities based on the agreements for successive periods, typically between one Renewable Energy Credit Commitments The Company enters into two different types of forward sales agreements. The first type of forward sales agreement is to sell 100% of the RECs produced by certain renewable energy systems. Total REC sales will depend on total production at each renewable energy system. The second type of forward sales agreement is to sell a specified number of RECs at fixed prices during specific periods between 2023 through 2041. As of December 31, 2022, the Company's commitments with third parties under REC sales contracts are as follows: Number of RECs 2023 181,877 2024 176,050 2025 59,435 2026 55,291 2027 27,823 Thereafter 201,643 Total 702,119 Leases Agreements to lease assets are evaluated at inception to determine whether they represent finance or operating leases. The Company has determined its site leases represent operating leases and accordingly minimum rental expense is recognized on a straight-line basis over the lease term beginning with the lease commencement date. Refer to Note 9. Leases for further discussion of the Company’s operating lease obligations. Pledge of Parent Company Guarantees Pursuant to various tax equity structures which are governed by various agreements to which certain of the Company's subsidiaries are individually a party, the Company has provided unsecured guarantees to support the commitments and obligations of these underlying tax equity agreements in an amount of $452.3 million as of December 31, 2022. As of December 31, 2022, the Company is not aware of any events that could trigger the Company’s obligations under these guarantees. Refer to Note 1. Organization and Operations of the Company, Note 5. Variable Interest Entities, Note 9. Leases and Note 14. Related Parties for an additional discussion of the Company’s commitments and contingencies. Refer to Note 13. Commitments and Contingencies in the Notes to the Consolidated Financial Statements as prepared on the Non-Investment Basis for disclosures regarding the LLC's commitments and contingencies as of December 31, 2022. The information as included herein reflects such matters as of December 31, 2021. Legal Proceedings The LLC may become involved in legal proceedings, administrative proceedings, claims and other litigation that arise in the ordinary course of business. Individuals and interest groups may sue to challenge the issuance of a permit for a renewable energy project or seek to enjoin construction of a wind energy project. In addition, the LLC may be subject to legal proceedings or claims contesting the construction or operation of our renewable energy projects. In defending itself in these proceedings, the LLC may incur significant expenses in legal fees and other related expenses, regardless of the outcome of such proceedings. Unfavorable outcomes or developments relating to these proceedings, such as judgments for monetary damages, injunctions or denial or revocation of permits, could have a material adverse effect on the LLC's business, financial condition and results of operations. In addition, settlement of claims could adversely affect the LLC's financial condition and results of operations. As of December 31, 2021, the LLC was not aware of any legal proceedings that might have a significant adverse impact on the LLC. Pledge of Collateral and Unsecured Guarantee of Loans to Subsidiaries Pursuant to various project loan agreements between the operating entities of the LLC, subsidiary holding companies and various lenders, the operating entities and the subsidiary holding companies have pledged all solar operating assets as well as the membership interests in various operating subsidiaries as collateral for the term loans with maturity dates ranging from June 2022 through September 2049. Investment in To-Be-Constructed Assets and Membership Interest Purchase Commitments Pursuant to various engineering, procurement and construction contracts to which 42 entities of the LLC are individually a party, the entities, and indirectly the LLC, have committed an outstanding balance of approximately $540.2 million to complete construction of the facilities. Based upon current construction schedules, the expectation is that these commitments will be fulfilled in 2022 into 2024. In addition, pursuant to various membership interest purchase agreements to which the LLC’s operating entities are individually a party, the operating entities, and indirectly the LLC, have committed an outstanding balance of approximately $1.0 billion to complete the closing pursuant to all conditions being met under the membership interest purchase agreements as of December 31, 2021. The LLC plans to use debt and tax equity financing as well as cash on hand to fund such commitments. Unsecured Guarantee of Subsidiary Renewable Energy Credit Forward Contracts For the majority of the forward REC contracts currently effective as of December 31, 2021 where a subsidiary of the LLC is the principal, the LLC has provided an unsecured guarantee related to the delivery obligations. The amount of the unsecured guaranty related to REC delivery performance obligations is nil as of December 31, 2021. Pledge of Parent Company Guarantees Pursuant to various contracts in which the LLC has provided a parent company guarantee, excluding those discussed above, the operating entities, and indirectly the LLC, have committed an additional $114.4 million in unsecured guarantees in the event of a default at the underlying entity, as of December 31, 2021.

Financial Highlights

Financial Highlights	12 Months Ended
	Dec. 31, 2022
Financial Highlights [Abstract]
Financial Highlights	Financial Highlights The following is a schedule of the financial highlights of the LLC attributed to Class A, C, I, P-A, P-I, P-D, P-S and P-T shares for the period from January 1, 2022 through May 18, 2022. For the period from January 1, 2022 through May 18, 2022 Class A Class C Class I Class P-A Class P-I Class P-D Class P-S Class P-T Per share data attributed to common shares (1) Net Asset Value at beginning of period $ 8.32 $ 8.13 $ 8.32 $ 8.58 $ 8.80 $ 8.80 $ 8.74 $ 8.52 Net investment loss (0.03) (0.03) (0.03) (0.03) (0.03) (0.03) (0.03) (0.03) Net realized and unrealized gain on investments and swap contracts 0.28 0.28 0.28 0.28 0.28 0.28 0.28 0.28 Change in translation of assets and liabilities denominated in foreign currencies (2) — — — — — — — — (Provision for) benefit from income taxes on realized and unrealized gain (loss) on investments and foreign currency translation (0.07) (0.07) (0.07) (0.07) (0.07) (0.07) (0.07) (0.07) Net increase in net assets attributed to common members 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 Shareholder distributions: Distributions from net investment income — — — — — — — — Distributions from offering proceeds (0.18) (0.18) (0.18) (0.18) (0.19) (0.19) (0.19) (0.19) Other (3) (0.02) — (0.02) (0.01) — — (0.01) 0.01 Net decrease in members’ equity attributed to common shares (0.20) (0.18) (0.20) (0.19) (0.19) (0.19) (0.20) (0.18) Net asset value for common shares at end of period $ 8.30 $ 8.13 $ 8.30 $ 8.57 $ 8.79 $ 8.79 $ 8.72 $ 8.52 Common members’ equity at end of period $ 138,068,890 $ 22,503,138 $ 53,501,158 $ 6,803,177 $ 908,567,764 $ 1,747,849 $ 410,490,496 $ 2,057,436 Common shares outstanding at end of period 16,626,973 2,766,760 6,445,062 794,193 103,334,227 198,948 47,047,838 241,447 Ratio/supplemental data for common shares (annualized) Total return attributed to common shares based on net asset value 1.93 % 2.24 % 1.97 % 2.07 % 2.10 % 2.06 % 2.00 % 2.31 % Ratio of net investment income to average net assets (2.58 %) (2.64 %) (2.59 %) (2.50 %) (2.43 %) (2.44) % (2.46) % (2.52) % Ratio of operating expenses to average net assets 12.18 % 12.44 % 12.19 % 11.79 % 11.46 % 11.52 % 11.60 % 11.87 % Portfolio turnover rate 0.84 % 0.84 % 0.84 % 0.84 % 0.84 % 0.84 % 0.84 % 0.84 % (1) The per share data for Class A, C, I, P-A, P-I, P-D, P-S and P-T shares were derived by using the weighted average shares outstanding during the period from January 1, 2022 through May 18, 2022, which were 16,611,759, 2,754,050, 6,456,343, 788,471, 100,036,952, 198,732, 47,042,796 and 240,446, respectively. (2) Amount is less than $0.01 per share. (3) Represents the impact of different share amounts used in calculating certain per share data based on weighted average shares outstanding during the period and the impact of shares at a price other than the net asset value. The following is a schedule of financial highlights of the LLC attributed to Class A, C, I, P-A, P-I, P-D, P-S and P-T shares for the year ended December 31, 2021. For the year ended December 31, 2021 Class A Class C Class I Class P-A Class P-I Class P-D Class P-S Class P-T Per share data attributed to common shares (1) Net Asset Value at beginning of period $ 8.61 $ 8.35 $ 8.61 $ 8.70 $ 9.02 $ 8.96 $ 8.84 $ 8.57 Net investment income 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 Net realized and unrealized gain on investments, and swap contracts 0.46 0.46 0.46 0.46 0.46 0.46 0.46 0.46 Change in translation of assets and liabilities denominated in foreign currencies (2) — — — — — — — — (Provision for) income taxes on realized and gain (loss) on investments, foreign currency translation and swap contracts (0.14) (0.14) (0.14) (0.14) (0.14) (0.14) (0.14) (0.14) Net increase in net assets attributed to common members 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 Shareholder distributions: Distributions from net investment income — — — — — — — — Distributions from offering proceeds (0.56) (0.54) (0.56) (0.56) (0.58) (0.53) (0.53) (0.53) Other (3) (0.07) (0.02) (0.07) 0.10 0.02 0.03 0.09 0.14 Net decrease in members’ equity attributed to common shares (0.63) (0.56) (0.63) (0.46) (0.56) (0.50) (0.44) (0.39) Net asset value for common shares at end of period $ 8.32 $ 8.13 $ 8.32 $ 8.58 $ 8.80 $ 8.80 $ 8.74 $ 8.52 Common members’ equity at end of period $ 137,994,947 $ 22,290,310 $ 53,665,823 $ 6,721,670 $ 810,046,418 $ 1,747,603 $ 404,803,246 $ 2,040,615 Common shares outstanding at end of period 16,580,558 2,741,963 6,449,493 783,593 92,069,013 198,548 46,324,757 239,594 Ratio/supplemental data for common shares (annualized) Total return attributed to common shares based on net asset value 3.29 % 4.03 % 3.29 % 5.18 % 4.13 % 3.81 % 4.98 % 5.48 % Ratio of net investment income to average net assets 0.25 % 0.26 % 0.25 % 0.23 % 0.24 % 0.22 % 0.24 % 0.24 % Ratio of operating expenses to average net assets 3.68 % 3.77 % 3.67 % 3.34 % 3.45 % 3.28 % 3.53 % 3.48 % Portfolio turnover rate 0.98 % 0.98 % 0.98 % 0.98 % 0.98 % 0.98 % 0.98 % 0.98 % (1) The per share data for Class A, C, I, P-A, P-I, P-D, P-S and P-T shares were derived by using the weighted average shares outstanding during the period ended December 31, 2021, which were 16,741,429, 2,751,320, 6,552,391, 479,717, 67,370,914, 129,799, 32,304,342 and 128,948, respectively. (2) Amount is less than $0.01. (3) Represents the impact of different share amounts used in calculating certain per share data based on weighted average shares outstanding during the period and the impact of shares at a price other than the net asset value.

Significant Accounting Polici_3

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Since inception and prior to the Acquisition, the Company’s historical financial statements were prepared using the investment company basis of accounting in accordance with ASC 946. ASC 946, or Investment Basis requires that if there is a subsequent change in the purpose and design of an entity, the entity should reevaluate its status as an investment company. As a result of the Acquisition and other steps taken by the Company to transition the focus of the Company’s business from being an investor in clean energy projects to a diversified independent power producer coupled with an investment management business, the Company no longer exhibits the fundamental characteristics of, and no longer qualifies as, an investment company. The Company discontinued applying the guidance in ASC 946 and began to account for the change in status prospectively in accordance with Non-Investment Basis as of the date of the change in status, or May 19, 2022 (the closing date of the Acquisition). In accordance with ASC 946, the fair value of an investment at the date of the change in status shall be the investment's initial carrying amount on a Non-Investment Basis. The Company's Consolidated Financial Statements for the period beginning on May 19, 2022 are prepared on a consolidated, Non-Investment Basis to include the financial position, results of operations, and cash flows of the Company and its consolidated subsidiaries rather than on an Investment Basis. This change in status and the accompanying accounting policies affect the comparability of the Consolidated Financial Statements as of and for the historical periods as presented in this annual report on Form 10-K (this “Annual Report”). As such, this Annual Report includes the following: Non-Investment Basis • Consolidated Balance Sheet as of December 31, 2022 • Consolidated Statement of Operations for the period from May 19, 2022 through December 31, 2022 • Consolidated Statement of Comprehensive Income (Loss) for the period from May 19, 2022 through December 31, 2022 • Consolidated Statement of Redeemable Noncontrolling Interests and Equity for the period from May 19, 2022 through December 31, 2022 • Consolidated Statement of Cash Flows for the period from May 19, 2022 through December 31, 2022 • Notes to the Consolidated Financial Statements Investment Basis • Consolidated Statement of Assets and Liabilities as of December 31, 2021 • Consolidated Statements of Operations for the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021 • Consolidated Statements of Changes in Net Assets for the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021 • Consolidated Statements of Cash Flows from the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021 • Consolidated Schedule of Investments as of December 31, 2021 • Notes to the Consolidated Financial Statements Basis of Presentation The LLC’s Consolidated Financial Statements are prepared in accordance with U.S. GAAP, which requires the use of estimates, assumptions and the exercise of subjective judgment as to future uncertainties. Actual results could differ from those estimates, assumptions and judgments. Significant items subject to such estimates will include determining the fair value of investments, revenue recognition, income tax uncertainties and other contingencies. As of and prior to May 18, 2022, the Consolidated Financial Statements of the LLC include the accounts of the LLC and its consolidated subsidiaries, GREC, GREC HoldCo, and GREC Administration LLC and Danforth Shared Services LLC, both of which provide administrative services to the LLC. All intercompany accounts and transactions have been eliminated. Since inception and through May 18, 2022, the LLC’s Consolidated Financial Statements were prepared using the specialized accounting principles of ASC Topic 946. In accordance with this specialized accounting guidance, also referred to as the Investment Basis, the LLC recognized and carried all its investments, including investments in the underlying operating entities, at fair value with changes in fair value recognized in earnings. Additionally, the LLC did not apply the equity method of accounting to its investments. The LLC carried its liabilities at amounts payable, net of unamortized premiums or discounts. The LLC did not elect to carry its non-investment liabilities at fair value. Net assets are calculated as the carrying amounts of assets, including the fair value of investments, less the carrying amounts of its liabilities. The financial information associated with the Consolidated Financial Statements under the Investment Basis has been prepared by management and, in the opinion of management, contains all adjustments and eliminations necessary for a fair presentation in accordance with U.S. GAAP.
Change in Presentation due to Change in Status	Change in Presentation due to Change in Status Effective May 19, 2022, the date of the change in status, the Company prospectively discontinued its application of ASC 946 and, as a result, changed the presentation of the Company's Consolidated Financial Statements. The most significant changes are: • The Consolidated Statement of Assets and Liabilities has been changed to a Consolidated Balance Sheet; • The Consolidated Statement of Operations is no longer presented in the format required under ASC 946. The Company will present the Consolidated Statement of Operations as required under Non-Investment Basis U.S. GAAP. A Consolidated Statement of Other Comprehensive Income (Loss) will be presented, if and when applicable; • The Consolidated Schedule of Investments has been removed; • The Consolidated Statement of Cash Flows has been changed, including now containing a section for investing activities; • Certain footnotes have been changed or removed to reflect conformity with applicable U.S. GAAP under a Non-Investment Basis; and • The Company re-evaluated its interests in all entities to determine whether they are variable interests, and re-evaluated its investments, including its investments in partially owned entities, to determine if they are VIEs, as required under ASC Topic 810, Consolidation ("ASC 810"). The Company also re-evaluated consolidation considerations for all of its investments in VIEs and partially owned entities, as required under ASC 810. Applicable disclosures related to VIEs and other partially owned entities have been included in these Notes to the Consolidated Financial Statements. Reclassifications Certain prior year amounts have been reclassified to conform with current year presentation. These reclassifications had no impact on prior periods’ results.
Basis of Consolidation	Basis of Consolidation The Consolidated Financial Statements and related notes have been prepared on the Non-Investment Basis of accounting in accordance with U.S. GAAP and in conformity with the rules and regulations of the SEC applicable to financial information. The Consolidated Financial Statements include the accounts of the Company, its wholly-owned subsidiaries, and those of its subsidiaries in which it has a controlling financial and/or voting interest. All intercompany balances and transactions have been eliminated in consolidation. The Company determines whether it has a controlling interest in an entity by first evaluating whether the entity is a VIE under U.S. GAAP as discussed further below. In connection with the Acquisition, the Company consolidated the results of operations and financial position of GDEV during the period May 19, 2022 through November 17, 2022. Management determined that GDEV is an investment company under ASC 946 for the purposes of financial reporting. In accordance with ASC 946, when an investment company’s results of operations are consolidated with and into the financial statements of a company that does not follow ASC 946, the results of operations and statement of financial position of the investment company shall continue to be presented in accordance with ASC 946. As such, in the preparation of the Consolidated Financial Statements during the period May 19, 2022 through November 17, 2022, GDEV was presented in the Consolidated Financial Statements of the Company utilizing ASC 946 accounting requirements. ASC 946 requires investments of an investment company to be recorded at the estimated fair value in the Consolidated Balance Sheet and the unrealized gains and/or losses in an investment’s fair value to be recognized on a current basis in the Consolidated Statement of Operations. On November 18, 2022, GREC sold its investment in GDEV to an unrelated third party for total purchase consideration of $5.7 million. The Company realized a gain on sale of this investment in the amount of $0.3 million, which is included in Other expense, net on the Consolidated Statement of Operations. The Company has determined as a result of the sale of GREC’s investment in GDEV that it is no longer the primary beneficiary of GDEV. As a result, GDEV is no longer considered a consolidated subsidiary of the Company, and therefore its financial position is not included on the Consolidated Balance Sheet as of December 31, 2022. Further, the revenue, expenses and income of GDEV are only included within the Company’s Consolidated Statement of Operations for the period May 19, 2022 through November 17, 2022, the date of the deconsolidation. Additionally, the results of operations and financial position of GDEV GP, which GREC has a controlling voting interest in and whose operations are exclusively related to its role as the general partner of GDEV, are no longer eliminated in consolidation beginning with the deconsolidation on November 18, 2022. Basis of Consolidation As provided under Regulation S-X and ASC 946, the LLC would generally not consolidate its investment in a company other than a wholly owned investment company or controlled operating company whose business consists of providing services to the LLC. Accordingly, the LLC consolidated in its Consolidated Financial Statements the accounts of certain wholly owned subsidiaries that meet the criteria. All significant intercompany balances and transactions have been eliminated in consolidation.
Variable Interest Entities	Variable Interest Entities The Company assesses entities for consolidation in accordance with ASC 810. The Company first considers whether an entity is considered a VIE and therefore whether to apply the VIE model. Entities that do not qualify as VIEs are evaluated for consolidation as voting interest entities (“VOE”) under the voting interest model. The Company consolidates all VIE’s in which it holds a controlling financial interest, and all VOE’s that it controls through a majority voting interest or through other means. The Company evaluates whether an entity is a VIE upon acquisition of ownership interest or when reconsideration events occur as outlined per ASC 810. The consolidation guidance requires an analysis to determine (a) whether an entity in which the Company holds a variable interest is a VIE and (b) whether the Company’s has a controlling financial interest. An entity is a VIE if any one of the following conditions exist: (i) the legal entity does not have sufficient equity investment at risk, (ii) the equity investors at risk, as a group, lack the characteristics of a controlling financial interest, or (iii) the legal entity is structured with disproportionate voting rights. A controlling financial interest is defined as (i) the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. Refer to Note 5. Variable Interest Entities for further details.
Equity Method Investments	Equity Method Investments When the Company does not have a controlling financial interest in an entity but exerts significant influence over the entity’s operating and financial decisions, the Company applies the equity method of accounting. The Company has elected the fair value option for each of its equity method investments. The Company reflects changes in the fair value of its equity method investments in Net unrealized gain (loss) on investments on the Consolidated Statement of Operations. Dividend income is recorded in Other revenue on the Consolidated Statement of Operations as of the date that dividends are declared by the investee. The value of the Company's equity method investments are recorded to Investments, at fair value on the Consolidated Balance Sheet. Refer to Note 5. Variable Interest Entities and Note 6. Fair Value Measurements and Investments for further details.
Noncontrolling Interests, Redeemable Noncontrolling Interests and Hypothetical Liquidation at Book Value	Noncontrolling Interests, Redeemable Noncontrolling Interests and Hypothetical Liquidation at Book Value NCI represent the portion of the Company’s net income (loss), net assets and comprehensive income (loss) that are not allocable to the Company as they represent third-party interests in the net assets of the respective entity and are based on the contractual allocations within the respective operating agreement or allocated to NCI attributable to the limited partner investors. For certain NCI when the preferences on profit sharing on liquidation rights and priorities differ from the ownership percentages, the Company considers ASC Topic 970, Real Estate - General and applies the HLBV method of reporting. Under the HLBV method, the amounts of income and loss attributed to the NCI reflect the changes in the amounts the third parties would hypothetically receive at each balance sheet date based on the liquidation provisions of the respective partnership agreements. HLBV assumes that the proceeds available for distribution are equivalent to the unadjusted, stand-alone net assets of each respective partnership, as determined under U.S. GAAP. The third-party noncontrolling interests in the Consolidated Statement of Operations and Consolidated Statement of Comprehensive Income (Loss), if applicable, are determined based on the difference in the carrying amounts of NCI on the Consolidated Balance Sheet between reporting dates, adjusted for any capital transactions between the Company and third-party investors that occurred during the respective period. The Company accounts for the portion of net assets in the consolidated entities attributable to the noncontrolling investors as RNCI or NCI in its Consolidated Financial Statements using the HLBV method. NCI in subsidiaries that are redeemable at the option of the NCI holder are classified as RNCI on the Consolidated Balance Sheet.
Use of Estimates	Use of Estimates The preparation of the Company’s Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents Cash and cash equivalents include investments in highly liquid money market instruments with an original maturity of three months or less. Restricted Cash Restricted cash consists of cash accounts used as collateral for letters of credit and financial institutional loan requirements that are restricted for use on certain of the Company's renewable energy projects. Cash and Cash Equivalents Cash consists of demand deposits at a financial institution. Such deposits may be in excess of the Federal Deposit Insurance Corporation insurance limits. The LLC has not experienced any losses in any such accounts. Restricted Cash Restricted cash consists of cash accounts or letters of credit that are restricted for use on specific investments.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful AccountsAccounts receivable are recorded at the invoiced amount, net of allowance for doubtful accounts. Accounts receivable also include unbilled accounts receivable, which is comprised of the monthly power generated under PPAs not yet invoiced. The Company reviews its accounts receivable for collectability and records an allowance for doubtful accounts for estimated uncollectible accounts receivable as deemed necessary. Accounts receivable are written off when they are no longer deemed collectible. The allowance is based on the Company's assessment of known delinquent accounts, historical experience and other currently available evidence of the collectability and the aging of accounts receivable. The underlying assumptions, estimates and assessments the Company uses to provide for losses are updated to reflect the Company's view of current conditions. Changes in such estimates could significantly affect the allowance for losses. It is possible the Company will experience credit losses that are different from the Company's current estimates.
Fair Value Measurements	Fair Value Measurements ASC 820 prioritizes the use of market-based inputs over entity-specific inputs and establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation. The three levels of valuation hierarchy are defined as follows: Level 1: Unadjusted quoted prices for identical assets or liabilities in active markets. Level 2: Other significant observable inputs that are sourced either directly or indirectly from publications or pricing services, including dealer or broker markets, for identical or comparable assets or liabilities. Generally, these inputs should be widely accepted and public, non-proprietary and sourced from an independent third party. Level 3: Inputs derived from a significant amount of unobservable market data and derived primarily through the use of internal valuation methodologies. The Company uses several different valuation techniques to measure the fair value of assets and liabilities. Certain financial instruments may be valued using multiple inputs, including discount rates, expected cash flows, and other inputs. The assessment of the significance of any particular input to the fair value measurement requires judgment and may affect the fair value measurement of assets and liabilities and the placement of those assets and liabilities within the fair value hierarchy levels. Non-performance risk, including the consideration of a credit valuation adjustment, is also considered in the determination of fair value for all assets and liabilities measured at fair value. There were no transfers between Levels 1, 2, or 3 for the period from May 19, 2022 through December 31, 2022. Derivative assets and liabilities—The Company estimates the fair value of its interest rate derivatives using a discounted cash flow valuation technique based on the net amount of estimated future cash flows related to the agreements. The primary inputs used in the fair value measurement include the contractual terms of the derivative agreements, current interest rates, and credit spreads. The significant inputs for the resulting fair value measurement are market-observable inputs, and thus the swaps are classified as Level 2 in the fair value hierarchy. Equity method investments—In the table above, certain equity method investments may be valued at the purchase price for a period of time after an acquisition as the best indicator of fair value. In addition, certain valuations of investments may be entirely or partially derived by reference to observable valuation measures for a pending or consummated transaction. In the absence of quoted prices in active markets, the Company uses a variety of techniques to measure the fair value of its investments. The methodologies incorporate the Company’s assumptions about the factors that a market participant would use to value the investment. The various unobservable inputs used to determine the Level 3 valuations may have similar or diverging impacts on valuation. Significant increases and decreases in these inputs in isolation and interrelationships between those inputs could result in significantly higher or lower fair value measurements. The following table quantifies the significant unobservable inputs used in determining the fair value of equity method investments as of December 31, 2022: Unobservable Input Input/Range Discount rate 6.80%-7.80% (median 7.30%) kWh production 0.50% annual degradation in production Potential leverage and estimated remaining useful life 29.5 years Valuation of Investments at Fair Value ASC 820 defines fair value, establishes a framework for measuring fair value in accordance with U.S. GAAP and expands disclosures about fair value. The LLC recognizes and accounts for its investments at fair value. The fair value of the investments does not reflect transaction costs that may be incurred upon disposition of the investments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value is an exchange price notion under which fair value is the price in an orderly transaction between market participants to sell an asset or transfer a liability in the market in which the reporting entity would transact for the asset or liability. GCM has established procedures to estimate the fair value of its investments that the LLC’s Board of Directors has reviewed and approved. To the extent that such market data is available, the LLC will use observable market data to estimate the fair value of investments. In the absence of quoted market prices in active markets, or quoted market prices for similar assets in markets that are not active, the LLC will use the valuation methodologies described below with unobservable data based on the best available information in the circumstances. These methodologies incorporate the LLC’s assumptions about the factors that a market participant would use to value the asset. The LLC considers investments in money market funds to be short-term investments. Short-term investments are stated at cost, which approximates fair value. For investments for which quoted market prices are not available, which comprise most of our investment portfolio, fair value is estimated by using the cost, income or market approach. The income approach assumes that value is created by the expectation of future benefits, discounted by a risk premium, to calculate a current cash value. This estimate is the fair value: the amount an investor would be willing to pay to receive those future benefits. The market approach compares either recent comparable transactions to the investment or an offer to purchase an investment based upon a qualified bid: a signed term sheet and/or a signed purchase agreement. Adjustments to proposed prices are made to account for the probability of the deal closing, changes between proposed and executed terms, and any dissimilarity between the comparable transactions and their underlying investments. If multiple bids are qualified in the same valuation period, a blended market approach will be calculated. Prior to the second quarter of 2020, fair value for pre-operational assets was approximated using the cost approach. Beginning in the second quarter of 2020, GCM expanded the criteria whereby certain pre-operational assets are identified and qualified for the income approach, rather than the cost approach, for approximating fair value. GCM considers all owned assets that are fully construction ready with no impediments to begin construction and where the costs to complete such projects are well understood for the income approach. The fair value of such eligible projects is determined based upon a discounted cash flow methodology. If the portfolio has any significant portion of value that remains subject to negotiation or contract or if other significant risks to complete the project exist, the investment may be held at cost, as an approximation of fair value. These valuation methodologies involve a significant degree of judgment by GCM. In determining the appropriate fair value of an investment using these approaches, the most significant information and assumptions include, as applicable: available current market data, including relevant and applicable comparable market transactions, applicable market yields and multiples, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the investment’s ability to make payments, its earnings and discounted cash flows, the markets in which the project does business, comparisons of financial ratios of peer companies that are public, comparable mergers and acquisitions, the principal market and enterprise values and environmental factors, among other factors. The estimated fair values will not necessarily represent the amounts that may be ultimately realized due to the occurrence or non-occurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of the valuation of the investments, the estimate of fair values may differ significantly from the value that would have been used had a broader market for the investments existed. The authoritative accounting guidance prioritizes the use of market-based inputs over entity-specific inputs and establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation. The three levels of valuation hierarchy are defined as follows: Level 1: Unadjusted quoted prices for identical assets or liabilities in active markets. Level 2: Other significant observable inputs that are sourced either directly or indirectly from publications or pricing services, including dealer or broker markets, for identical or comparable assets or liabilities. Generally, these inputs should be widely accepted and public, non-proprietary and sourced from an independent third party. Level 3: Inputs derived from a significant amount of unobservable market data and derived primarily through the use of internal valuation methodologies.
Property, Plant and Equipment, net	Property, Plant and Equipment, net Property, plant and equipment is stated at historical cost net of accumulated depreciation. Depreciation is computed on a straight-line basis over the estimated remaining useful lives of individual assets or classes of assets noted in the table below or, when the asset is on property subject to a lease or other site control contract, the remaining lease or other contractual periods and renewals that are deemed to be reasonably certain at the date the assets are purchased, if less than the estimated remaining useful life. Additions and improvements extending asset lives beyond their remaining estimated useful lives are capitalized, while repairs and maintenance, including planned major maintenance, are charged to expense as incurred. Asset Class Useful Lives (Years) Solar energy systems 35 Wind energy systems 30 Battery storage systems 10 All costs directly related to the acquisition, development, and construction of long-lived assets are capitalized, including taxes and insurance incurred during the construction phase. A portion of interest costs, including amortization of debt issuance and financing costs associated with the generation facilities' financing arrangements, are capitalized during construction. Development costs includes the project development costs, which are expensed until it is probable that commercial success will be achieved. Once the assets are placed into service, all of t he capitalized costs are depreciated over the estimated useful lives of the assets.
Goodwill	Goodwill Goodwill reflects the excess of the consideration transferred, including the fair value of any contingent consideration, over the assigned fair values of the identifiable net assets acquired. Goodwill is not amortized and is tested for impairment at least on an annual basis during the fourth quarter or more frequently if facts or circumstances indicate that the goodwill might be impaired. In assessing goodwill for impairment, the Company may elect to use a qualitative assessment to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of goodwill is less than its carrying amount. If the Company determines it is not more likely than not that the fair value of goodwill is less than its carrying amount, the Company will not be required to perform any additional tests in assessing goodwill for impairment. If the Company concludes otherwise, or elects not to perform the qualitative assessment, then the Company will be required to perform the quantitative impairment test. If the estimated fair value of the reporting unit is less than its carrying value, the Company performs additional quantitative analysis to determine if the reporting unit’s goodwill has been impaired. Impairment is indicated if the estimated fair value of the reporting unit is less than the carrying amount of the reporting unit, and an impairment charge is recognized for the differential.
Amortizable and Other Intangible Assets and Out-of-market Contracts	Amortizable and Other Intangible Assets and Out-of-market Contracts Contract-based intangible assets, including intangible assets and liabilities (out-of-market contracts) associated with PPAs and REC agreements, represent the value of rights that arise from contractual arrangements. When the Company acquires a project with an existing PPA or REC agreement in an asset acquisition or business combination and the terms of the contract are favorable or unfavorable relative to market terms, the Company recognizes intangible assets or liabilities in its accounting for the acquisition. In addition, in the Company’s accounting for the transition from the Investment Basis to the Non-Investment Basis, the Company identified and recorded contract-based intangible assets and liabilities associated with its existing PPAs and REC agreements, as applicable. The Company amortizes identifiable intangible assets consisting of channel partner relationships, out-of-market PPAs, out-of-market REC contracts and trademarks because these assets have finite lives. The Company’s amortizable intangible assets with finite lives are amortized on a straight-line basis over the estimated useful lives. The basis of amortization approximates the pattern in which the assets are utilized, over their estimated useful lives. The contract-based intangible assets and liabilities (out-of-market contracts) associated with PPA and REC agreements for which the fair value has been determined to be less (more) than market are amortized to revenue over the term of each underlying contract on a straight-line basis.
Impairment of Long-Lived Assets	Impairment of Long-Lived AssetsIn accordance with ASC Topic 360, Property, Plant, and Equipment, long-lived assets and intangible assets with determinable useful lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to the future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets and would be charged to earnings. Assets to be disposed of are reported at the lower of the carrying amount or fair value less the costs to sell.
Notes Receivable	Notes Receivable The Company’s notes receivable consists of loans made by the Company, who serves as the debt holder, to different entities, serving as borrowers, as a way to finance the development and construction of renewable energy projects. The Company accounts for its notes receivable in accordance with ASC Topic 310, Receivables (“ASC 310”). In accordance with ASC 310, notes receivable held for investment are reported on the balance sheet at their amortized cost basis. The amortized cost basis is the amount at which a financing receivable or investment is originated or acquired, adjusted for applicable accrued interest, accretion, or amortization of premium, discount, and net deferred fees or costs, or other adjustments. The Company's notes receivable were all issued at their respective principal amounts. Interest income will be recognized based on the contractual rate in the loan agreement and any premium/discount will be amortized to interest income using the effective interest rate method. Further, for loans where paid in kind interest at the election of the borrower is present and for loans where the rate of interest changes over the life of the loan, such interest rate features will be considered and included in the effective interest rate calculation and recognition of interest income. The Company does not currently maintain a loan loss allowance as it has not experienced any such losses in historical periods and does not anticipate future losses. The Company evaluates any potential need for loan loss reserves on a periodic basis based on relevant internal and external factors that affect loan collectability, including the amount of outstanding loans owed to the Company, current collection patterns and current economic trends. As these conditions change, the Company may need to record allowances in future periods. The Company classifies its loans on a current (due within 12 months of reporting date) and long term (due in excess of 12 months from reporting date) basis in accordance with stated maturity dates.
Debt Issuance, Deferred Financing Costs, Debt Discount and Deferred Sales Commissions	Debt Issuance, Deferred Financing Costs and Debt Discount Deferred financing costs are amortized over the term of the Company’s financing arrangements using the effective interest method as a component of interest expense. Unamortized deferred financing costs are reflected as an offset to the scheduled principal payments and are presented as a reduction of Long-term debt, net of current portion, on the Consolidated Balance Sheet.
Acquisitions	Acquisitions For acquisitions meeting the definition of a business combination, the acquisition method of accounting is used in accordance with ASC Topic 805, Business Combinations (“ASC 805”). The consideration transferred for the acquired business is allocated to the assets acquired and liabilities assumed based on the fair values at the date of acquisition, including identifiable intangible assets. Any excess of the amount paid over the estimated fair value of the identifiable net assets acquired is allocated to goodwill. These fair value determinations require judgment and involve the use of significant estimates and assumptions, including assumptions with respect to future cash inflows and outflows, discount rates, implied rate of return and weighted average cost of capital, asset lives and market multiples, among other items. Acquisition-related costs, such as professional fees, are excluded from the consideration transferred and are expensed as incurred. Asset acquisitions are measured based on the cost to the Company, including transaction costs. Asset acquisition costs, or the consideration transferred by the Company, are assumed to be equal to the fair value of the net assets acquired. If the consideration transferred is cash, measurement is based on the amount of cash paid to the seller, as well as transaction costs incurred. The cost of an asset acquisition is allocated to the assets acquired based on their relative estimated fair values. Goodwill is not recognized in an asset acquisition.
Segment Information	Segment InformationASC Topic 280, Segment Reporting establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise where discrete financial information is available and evaluated regularly by the CODM, or decision-making group, in deciding how to allocate resources and in assessing performance. The Company manages its business as two operating segments and two reportable segments. Segment information is consistent with how the CODM reviews the business, makes resource allocation decisions, and assesses performance. The Company determines its operating segments and reports segment information in accordance with how the Company’s CODM allocates resources and assesses performance. The Company’s CODM is its Chief Executive Officer. The Company’s operating segments are aggregated into two reportable segments described below. • IPP – The IPP business represents the active management and operations of the Company's fleet of renewable energy projects, including those in late-stage development and under construction. The Company's renewable energy projects generally earn revenue through the sale of generated electricity as well as frequently through the sale of other commodities such as RECs. In certain cases, the Company also serves as a minority member in renewable energy projects where it does not actively manage and operate the project but receives periodic dividends. The Company also provides loans to developers for the construction of renewable energy and energy efficiency projects as an incremental revenue stream for IPP. The IPP business includes the direct costs to operate the Company's fleet, including costs such as operations and maintenance, repairs, and other costs incurred at the project / site level. Additionally, the Company employs a dedicated team of technical asset managers as well as a construction team to oversee the development and operations of our fleet. Such costs are recorded as Direct operating costs for IPP. The IPP business also includes the allocable portion of the Company’s General and administrative expenses, which represents overhead functions such as: finance and accounting, legal, information technology, human resources and other general functions that support the operations of IPP. • IM – The IM business represents GCM’s investment management platform – a renewable energy, energy efficiency and sustainability-related project acquisition, consulting and development company that is registered as an investment adviser under the Advisers Act. The IM business will also include administrative services provided by Greenbacker Administration for managed funds in the renewable energy industry as an additional revenue stream. The Company's IM business includes the direct costs incurred for the investment management services for managed funds and other marketing and investor relation services. This includes the costs to raise and deploy capital for such funds. Such costs are recorded as Direct operating costs for IM. The IM business also includes the allocable portion of the Company’s General and administrative expenses, which represents overhead functions such as: finance and accounting, legal, information technology, human resources and other general functions that support the operations of IM.
Distribution Policy	Distribution Policy Distributions to members, if any, will be authorized and declared by the Company's Board of Directors quarterly in advance and paid monthly. From time to time, the Company may also pay interim special distributions in the form of cash or shares, with the approval of the Company's Board of Directors. Distributions will be made on all classes of shares at the same time. The cash distributions paid to the shareholder with respect to the Class C, P-S and P-T shares will be lower than the cash distributions with respect to the Company’s other share classes because of the distribution fee associated with the Class C, P-S and P-T shares, which is allocated specifically to such classes. Amounts distributed to each class are allocated amongst the holders of the shares in such class in proportion to their shares. Distribution Policy Distributions to members, if any, will be authorized and declared by the LLC's Board of Directors quarterly in advance and paid monthly. From time to time, we may also pay interim special distributions in the form of cash or shares, with the approval of our Board of Directors. Distributions will be made on all classes of shares at the same time. The cash distributions paid to the shareholder with respect to the Class C, P-S and P-T shares will be lower than the cash distributions with respect to the LLC’s other share classes because of the distribution fee associated with the Class C, P-S and P-T shares, which is allocated specifically to these classes' net assets. Amounts distributed to each class are allocated amongst the holders of the shares in such class in proportion to their shares. Distributions declared by our Board of Directors are recognized as distribution liabilities on the ex-dividend date.
Earnings per Share	Earnings per Share In accordance with the provisions of ASC Topic 260, Earnings per Share (“ASC 260”), basic earnings per share is computed by dividing earnings available to common members by the weighted average number of shares outstanding during the period. Other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis, if applicable. The Company had no dilutive instruments for the period from May 19, 2022 through December 31, 2022. Earnings per Share In accordance with the provisions of ASC 260, basic earnings per share is computed by dividing earnings available to common members by the weighted average number of shares outstanding during the period. Other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis.
Revenue Recognition	Revenue Recognition The Company recognizes revenue from contracts with customers in accordance with ASC Topic 606, Revenue from Contracts with Customers, which provides a five-step model for recognizing revenue as follows: 1. Identify the contract 2. Identify performance obligations 3. Determine the transaction price 4. Allocate the transaction price 5. Recognize revenue The Company has elected as a practical expedient the accounting policy under which it excludes from the transaction price taxes it collects from its customers assessed by a governmental authority. The Company therefore reports sales revenue net of any sales tax. Energy Sales The Company’s revenue is primarily derived from the sale of power under long-term PPAs. The Company’s PPAs generally have a term between 10-20 years. Customers consist of commercial property owners, corporate entities, municipal entities, and utility companies located within the continental United States and Canada. The Company operates solar, wind, biomass, and battery systems. Certain of these PPAs are accounted for as leases. ASC Topic 842, Leases (“ASC 842”), requires the minimum lease payments received to be amortized over the term of the lease and variable lease revenue to be recorded in the period when the changes in facts and circumstances on which the variable lease payments are based occur. See further detail regarding the Company’s PPAs accounted for as leases in Note 9. Leases. Sales are subject to economic and weather conditions and may fluctuate based on changes in the industry, regulatory policies, tax incentives, trade policies, and financial markets. The Company has identified the sale of renewable energy and capacity, and when bundled into the PPA, RECs, as the performance obligations within its PPAs. The Company transfers control of the electricity and capacity over time and the customer simultaneously receives and consumes the benefits provided by the Company's performance as it performs. The RECs bundled into PPAs are generated upon generation of renewable power from our renewable energy generating assets. Accordingly, the Company has concluded that the sale of electricity, capacity, and when included in the contract, RECs, represent series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer. Each distinct transfer of electricity in kWh that the Company promises to transfer to the customer meets the criteria to be a performance obligation satisfied over time. The Company recognizes revenue based on the amount metered and invoiced on the basis of the contract prices multiplied by kWh delivered. The Company applies the invoicing practical expedient to recognize revenue in circumstances where the amount is determined based on the output produced. Renewable Energy Credits Sales and Other Incentives The Company has concluded the sale of RECs performance obligation that are not required to be generated by a specific renewable energy generating asset is satisfied at the point in time in which control is transferred to the customer, which may be upon delivery of the attributes or delivery of the related renewable energy, dependent on whether the contract number of RECs is a fixed amount or based upon the amount of power generated. This represents the point in time where the Company has a present right to payment and the customer has significant risks and rewards related to ownership of the RECs. In a bundled contract to sell energy and RECs, all performance obligations are deemed to be delivered at the same time. In such cases, the Company does not allocate the transaction price to multiple performance obligations. Contract Amortization Intangible assets and out-of-market contracts recognized from PPAs and RECs assumed through acquisitions related to the sale of energy in future periods for which the fair value has been determined to be less (more) than market are amortized to revenue over the term of each underlying contract on a straight-line basis. Investment Management Revenue The Company also performs investment management and other administrative services for other funds in the sustainable infrastructure renewable energy industry. Such services comprise many activities which constitute a series of distinct services satisfied over time. These activities include capital raising and capital deployment, marketing and other investor relations functions as well as technical asset management, finance and accounting, legal and other administrative services. The performance obligation is satisfied over time because the customer simultaneously receives and consumes the benefits provided by the entity’s performance as the Company performs. The Company utilizes an output method based on time elapsed to measure progress towards satisfaction of the performance obligation. Interest Revenue Interest revenue relates to the Company's secured loans to developers within the renewable energy industry. To the extent the Company expects to collect such amounts, interest revenue is recorded on an accrual basis. If there is reason to doubt an ability to collect such interest, interest receivable on loans is not accrued for accounting purposes. Original issue discounts, market discounts or market premiums are accreted or amortized using the effective interest method as interest revenue. Prepayment premiums on loans are recorded as interest revenue when received. Any application, origination or other fees earned by the Company in arranging or issuing debt are amortized over the expected term of the loan. Loans are placed on non-accrual status when principal and interest are 90 days or more past due, or when there is a reasonable doubt that principal or interest will be collected. Accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as revenue or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are generally restored to accrual status when past due principal and interest is paid and, in management’s judgment, is likely to remain current. Revenue Recognition To the extent the LLC expects to collect such amounts, interest income is recorded on an accrual basis. If there is reason to doubt an ability to collect such interest, interest receivable on loans is not accrued for accounting purposes. Original issue discounts, market discounts or market premiums are accreted or amortized using the effective interest method as interest income. Prepayment premiums on loans are recorded as interest income when received. Any application, origination or other fees earned by the LLC in arranging or issuing debt are amortized over the expected term of the loan. Loans are placed on non-accrual status when principal and interest are 90 days or more past due, or when there is a reasonable doubt that principal or interest will be collected. Accrued interest is generally reversed when a loan is placed on non-accrual. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are generally restored to accrual status when past due and principal and interest is paid and, in management’s judgment, is likely to remain current. Dividend income is recorded when dividends are declared and determined that collection is probable. The timing and amount of dividend income is determined on at least a quarterly basis and, in certain cases, can only be determined quarterly based on the underlying project company agreements. This process includes an analysis at the individual project company level based on cash available from operations and working capital needed for the project company operations. Dividend income from the LLC's privately held, equity investments is recognized when approved. Dividend income as reported on the Consolidated Statement of Operations reflects dividend income from project companies less any expenses incurred by the LLC or GREC for the services provided by Greenbacker Administration directly relating to the ongoing operation of the project companies.
Asset Retirement Obligations	Asset Retirement Obligations Asset retirement obligations, or AROs, are accounted for in accordance with ASC Topic 410-20, Asset Retirement Obligations (“ASC 410-20”). AROs associated with long-lived assets included within the scope of ASC 410-20 are those for which a legal obligation exists under enacted laws, statutes, and written or oral contracts, including obligations arising under the doctrine of promissory estoppel, and for which the timing and/or method of settlement may be conditional on a future event. ASC 410-20 requires an entity to recognize the fair value of a liability for an ARO in the period in which it is incurred and a reasonable estimate of fair value can be made.
Share-Based Compensation	Share-Based Compensation In connection with the Acquisition, certain of the Earnout Shares that were issued to Group LLC as part of the consideration, were subsequently issued by Group LLC to certain employees of the Company in exchange for their employment services post Acquisition. As a result, the Company accounts for the issuance of these Earnout Shares to employees in accordance with ASC Topic 718, Stock Compensation (“ASC 718”). The Company recognizes share forfeitures as they occur.
Derivative Instruments	Derivative Instruments ASC Topic 815, Derivatives and Hedging ("ASC 815"), requires companies to recognize all of its derivative instruments as either assets or liabilities in the Consolidated Balance Sheet at fair value. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated under hedge accounting and qualifies as part of a hedging relationship and on the type of hedging relationship. For derivative instruments that are designated and qualify as hedging instruments, an entity must designate the hedging instrument based upon the exposure being hedged. For derivative instruments not designated as hedging instruments, the gain or loss is recognized in the Consolidated Statement of Operations during the current period. The Company only uses derivative financial instruments to the extent necessary to hedge identified business risks and does not hold or issue derivative financial instruments for trading purposes. When there is a master netting agreement with a financial institution, any gain or loss on interest rate swaps with the same financial institution are netted for financial statement presentation. The Company entered into certain interest rate swaps to manage its interest rate risk and accounts for these as derivative instruments under ASC 815. The Company designates qualifying interest rate derivatives as a hedge of a forecasted transaction of the variability of cash flows to be paid related to a recognized liability under a cash flow hedge. Under a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings and is recorded to the same income statement line item as the hedged item. The changes in the fair value of derivatives that do not qualify for hedge accounting are recognized immediately in current earnings. Cash flows on hedges are classified in the Consolidated Statement of Cash Flows the same as cash flows of the items being hedged. The Company documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions, at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific forecasted transactions. The Company also assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair values or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable of occurring, or a treatment of the derivative as a hedge is no longer appropriate or intended. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods during which the hedged transactions will affect earnings. Refer to Note 11. Derivative Instruments for further details. Derivative Instruments The LLC may utilize interest rate swaps to modify interest rate characteristics of existing debt obligations to manage interest rate exposure. These are recorded at fair value either as assets or liabilities in the accompanying Consolidated Statement of Assets and Liabilities with changes in the fair value of interest rate swaps during the period recognized as either an unrealized appreciation or depreciation in the accompanying Consolidated Statements of Operations. On the expiration, termination or settlement of a derivatives contract, the LLC generally records a gain or loss. When there is a master netting agreement with a financial institution, any gain or loss on interest rate swaps with the same financial institution are netted for financial statement presentation. By using derivative instruments, the LLC is exposed to the counterparty’s credit risk — the risk that derivative counterparties may not perform in accordance with the contractual provisions offset by the value of any collateral received. The LLC’s exposure to credit risk associated with counterparty non-performance is limited to collateral posted and the unrealized gains inherent in such transactions that are recognized in the Consolidated Statement of Assets and Liabilities. As appropriate, the LLC minimizes counterparty credit risk through credit monitoring procedures and managing margin and collateral requirements. During December 2021, the LLC entered into an agreement for the purpose of hedging our investment in a pre-operating solar facility that the LLC has contracted to acquire. The derivative instrument has a trade date of December 15, 2021, an effective date of March 31, 2024 and an initial notional amount of $284.7 million. The fixed rate is 1.60%. Per the terms of the agreement, the swap is contingent on the transaction closing. While the transaction has not yet closed, in order to lock in the terms, the LLC made a payment for the amount of $5.0 million to be maintained as cash collateral. As of December 31, 2021, this cash collateral is recorded in Other assets in the Consolidated Statement of Assets and Liabilities. Regarding our investment in the Canadian Northern Lights assets included in the Other Commercial Solar Portfolios, we have foreign currency risk related to our revenue and operating expenses, which are denominated in Canadian Dollars as opposed to U.S. Dollars.
Income Taxes	Income Taxes The Company intends to operate so that it will qualify to be treated as a partnership for U.S. federal income tax purposes under the Internal Revenue Code. As such, it will not be subject to any U.S. federal and state income taxes. In any year, it is possible that the Company will not meet the qualifying income exception and will not qualify to be treated as a partnership. If the Company does not meet the qualifying income exception, the members would then be treated as stockholders in a corporation, and the Company would become taxable as a corporation for U.S. federal income tax purposes under the Internal Revenue Code. The Company would be required to pay income tax at corporate rates on its net taxable income. To the extent of the Company’s earnings and profits, the payment of the distributions would not be deductible by the Company, and distributions to members from the Company would constitute dividend income taxable to such members. The Company conducts substantially all its operations through its wholly owned subsidiary, GREC, which is a corporation that is subject to federal, state, provincial, local and foreign income taxes based on income. Accordingly, most of its operations will be subject to federal, state, provincial, local and foreign income taxes in the jurisdictions in which it operates. As of December 31, 2022, including territories and provinces, the Company operates in 36 jurisdictions. Income taxes are accounted for under the assets and liabilities method. Deferred tax assets and liabilities are recorded for the estimated future tax consequences attributable to differences between items that are recognized in the Consolidated Financial Statements and tax returns in different years. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. PTCs are recognized as wind energy from qualified projects is generated and sold, based on a per kWh rate prescribed in applicable federal and state statutes. The tax benefits of PTCs are recognized as either reductions to current income taxes payable, unless limited by tax law in which instance they are deferred tax assets with a carry forward period of 20 years. The Company recognizes ITCs as a reduction to income tax expense when the related energy property is placed into service. For income tax benefits to be recognized, including uncertain tax benefits, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of the benefit that is more likely than not to be realized upon ultimate settlement. A valuation allowance is established against net deferred tax assets if, based on the weight of available evidence, it is more likely than not that some or all of the net deferred tax assets will not be realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Interest and penalties associated with income taxes, if any, will be recognized in general and administrative expense. The Company follows the authoritative guidance on accounting for uncertainty in income taxes and has concluded it has no material uncertain tax positions to be recognized at this time. Income Taxes The LLC intends to operate so that it will qualify to be treated as a partnership for U.S. federal income tax purposes under the Internal Revenue Code. As such, it will not be subject to any U.S. federal and state income taxes. In any year, it is possible that the LLC will not meet the qualifying income exception and will not qualify to be treated as a partnership. If the LLC does not meet the qualifying income exception, the members would then be treated as stockholders in a corporation, and the LLC would become taxable as a corporation for U.S. federal income tax purposes under the Internal Revenue Code, the LLC would be required to pay income tax at corporate rates on its net taxable income. To the extent of the LLC’s earnings and profits, and the payment of the distributions would not be deductible by the LLC, distributions to members from the LLC would constitute dividend income taxable to such members. The LLC conducts substantially all its operations through its wholly owned subsidiary, GREC, which is a corporation that is subject to federal, state, provincial, local and foreign income taxes based on income. Accordingly, most of its operations will be subject to U.S. federal, state, provincial, local and foreign income taxes in the jurisdictions in which it resides. As of May 18, 2022, including territories and provinces, the portfolio resides in 36 jurisdictions. Income taxes are accounted for under the assets and liabilities method. Deferred tax assets and liabilities are recorded for the estimated future tax consequences attributable to differences between items that are recognized in the Consolidated Financial Statements and tax returns in different years. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. For income tax benefits to be recognized, including uncertain tax benefits, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of the benefit that is more likely than not to be realized upon ultimate settlement. A valuation allowance is established against net deferred tax assets if, based on the weight of available evidence, it is more likely than not that some or all of the net deferred tax assets will not be realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Interest and penalties associated with income taxes, if any, will be recognized in general and administrative expense. The LLC does not consolidate its investments for financial statements; rather, it accounts for its investments at fair value under the specialized accounting of ASC 946. The tax attributes of the individual investments will be considered and incorporated in the LLC’s fair value estimates for those investments. The amounts recognized in the Consolidated Financial Statements for unrealized appreciation and depreciation will result in a difference between the Consolidated Financial Statements and the cost basis of the assets for tax purposes. These differences will be recognized as deferred tax assets and liabilities. Generally, the entities that hold the LLC’s investments will be included in the consolidated tax return of GREC and the differences between the amounts recognized for financial statement purposes and the tax return will be recognized as additional deferred tax assets and liabilities. The LLC follows the authoritative guidance on accounting for uncertainty in income taxes and has concluded it has no material uncertain tax positions to be recognized at this time. The LLC assessed its tax positions for all open tax years as of May 18, 2022 for all U.S. federal and state tax jurisdictions for the years 2014 through 2021. The results of this assessment are included in the LLC’s tax provision and deferred tax assets as of May 18, 2022.
Leases	Leases In February 2016 and as subsequently modified, the FASB issued ASU No. 2016-02, Leases, or ASC 842, with the objective to increase transparency and comparability among organizations related to their leasing arrangements. This comprehensive new standard amends and supersedes existing lease accounting guidance and is intended to increase transparency and comparability among organizations by recognizing ROU lease assets and lease liabilities on the balance sheet and requiring disclosure of key information about leasing arrangements. Lease expense continues to be recognized in a manner similar to legacy U.S. GAAP. As of December 31, 2022, the Company was no longer considered an “emerging growth company” pursuant to the provisions of the JOBS Act, enacted on April 5, 2012. For as long as the Company was an “emerging growth company,” we were permitted to take advantage of certain exemptions from various reporting requirements or extended transition periods for complying with new or revised accounting standards, including adoption of this ASU for fiscal years beginning after December 15, 2021. The Company adopted ASC 842 effective January 1, 2022 using the modified retrospective approach. Under ASC 842, a lease is a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment (i.e., an identified asset) for a period of time in exchange for consideration. The Company’s contracts determined to be or contain a lease include explicitly or implicitly identified assets where the lessee has the right to control the use of the assets during the lease term. To reduce the burden of adoption and ongoing compliance with ASC 842, a number of practical expedients and policy elections are available under the new guidance. The Company elected the “package of practical expedients” permitted under the transition guidance, which allowed the Company to not reassess whether contracts entered into prior to adoption are or contain leases and also allowed the Company to carryforward the historical lease classification for existing leases. The Company also elected the hindsight practical expedient and therefore reassessed the lease term for existing leases. The Company made an accounting policy election under ASC 842 not to recognize ROU assets and lease liabilities for leases with a term of twelve months or less. For all other leases, the Company recognizes ROU assets and lease liabilities based on the present value of lease payments over the lease term at the commencement date of the lease. Future lease payments may include fixed rent escalation clauses or payments that depend on an index (such as the consumer price index). Certain leases require variable lease payments based on the amount of energy generation of the related assets which are recorded in variable lease expense or revenue depending upon whether the Company is the lessee or lessor in the arrangement. Subsequent changes based on an index and other periodic market-rate adjustments to base rent are recorded in Direct operating costs in the period incurred. The Company’s leases may include non-lease components representing additional services transferred to the Company, such as common area maintenance for real estate. The Company made an accounting policy election for each class of underlying asset not to separate non-lease components and instead to account for each separate lease component and the non-lease components associated with that lease component as a single lease component. Non-lease components that are variable in nature are recorded in Direct operating costs in the period incurred. The Company uses its incremental borrowing rate to determine the present value of lease payments, as the Company’s leases do not have a readily determinable implicit discount rate. The incremental borrowing rate is the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar term and amount in a similar economic environment.
Concentration of Risk	Concentration of Risk The Company’s derivative financial instruments and PPAs potentially subject the Company to concentrations of credit risk. The maximum exposure to loss due to credit risk of counterparties to either, (i) the Company’s derivative financial instruments or (ii) the Company’s PPAs, would generally equal (a) the fair value of derivative financial instruments presented in the Company’s Consolidated Balance Sheet or (b) the revenue otherwise expected to be earned under the terms of the PPAs had the relevant offtakers performed their obligations. The Company manages this credit risk by maintaining a diversified portfolio of creditworthy counterparties. The Company determines which customers, if any, comprise over ten percent of either revenue or accounts receivable. For the period from May 19, 2022 through December 31, 2022, the Company had one customer from which revenue was 11.8% of total revenue. No one customer receivable balance represented ten percent or more of accounts receivable as of December 31, 2022.
Recently Issued Accounting Pronouncement	Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326), subsequently amended by ASU No. 2018-19 and ASU No. 2019-10, which provides financial statement users with more useful information about the current expected credit losses, and changes how entities measure credit losses on financial instruments and the timing of when such losses are recognized by utilizing a lifetime expected credit loss measurement. The guidance is effective for fiscal years and interim periods within those years beginning after January 1, 2023. The Company does not believe the adoption of this ASU will have a material impact on its Consolidated Financial Statements and related disclosures. In March 2020, the FASB issued ASU No. 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the effects of Reference Rate Reform on Financial Reporting," which provides companies with optional financial reporting alternatives to reduce the cost and complexity associated with the accounting for contracts and hedging relationships affected by reference rate reform. The amendments in this update are effective for all entities as of March 12, 2020 through December 31, 2024, as extended in the fourth quarter of 2022. An entity may elect to apply the amendments for contracts as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020. The Company intends to apply the amendments for its relevant contracts and is currently evaluating the impact of the ASU and the effect on its Consolidated Financial Statements and related disclosures. Changes to U.S. GAAP are established by the FASB in the form of ASUs to the FASB Accounting Standards Codification. ASUs issued which are not specifically listed above, were assessed and have already been adopted in a prior period or determined to be either not applicable or are not expected to have a material impact on the Company’s Consolidated Financial Statements and related disclosures.

Significant Accounting Polici_4

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Since inception and prior to the Acquisition, the Company’s historical financial statements were prepared using the investment company basis of accounting in accordance with ASC 946. ASC 946, or Investment Basis requires that if there is a subsequent change in the purpose and design of an entity, the entity should reevaluate its status as an investment company. As a result of the Acquisition and other steps taken by the Company to transition the focus of the Company’s business from being an investor in clean energy projects to a diversified independent power producer coupled with an investment management business, the Company no longer exhibits the fundamental characteristics of, and no longer qualifies as, an investment company. The Company discontinued applying the guidance in ASC 946 and began to account for the change in status prospectively in accordance with Non-Investment Basis as of the date of the change in status, or May 19, 2022 (the closing date of the Acquisition). In accordance with ASC 946, the fair value of an investment at the date of the change in status shall be the investment's initial carrying amount on a Non-Investment Basis. The Company's Consolidated Financial Statements for the period beginning on May 19, 2022 are prepared on a consolidated, Non-Investment Basis to include the financial position, results of operations, and cash flows of the Company and its consolidated subsidiaries rather than on an Investment Basis. This change in status and the accompanying accounting policies affect the comparability of the Consolidated Financial Statements as of and for the historical periods as presented in this annual report on Form 10-K (this “Annual Report”). As such, this Annual Report includes the following: Non-Investment Basis • Consolidated Balance Sheet as of December 31, 2022 • Consolidated Statement of Operations for the period from May 19, 2022 through December 31, 2022 • Consolidated Statement of Comprehensive Income (Loss) for the period from May 19, 2022 through December 31, 2022 • Consolidated Statement of Redeemable Noncontrolling Interests and Equity for the period from May 19, 2022 through December 31, 2022 • Consolidated Statement of Cash Flows for the period from May 19, 2022 through December 31, 2022 • Notes to the Consolidated Financial Statements Investment Basis • Consolidated Statement of Assets and Liabilities as of December 31, 2021 • Consolidated Statements of Operations for the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021 • Consolidated Statements of Changes in Net Assets for the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021 • Consolidated Statements of Cash Flows from the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021 • Consolidated Schedule of Investments as of December 31, 2021 • Notes to the Consolidated Financial Statements Basis of Presentation The LLC’s Consolidated Financial Statements are prepared in accordance with U.S. GAAP, which requires the use of estimates, assumptions and the exercise of subjective judgment as to future uncertainties. Actual results could differ from those estimates, assumptions and judgments. Significant items subject to such estimates will include determining the fair value of investments, revenue recognition, income tax uncertainties and other contingencies. As of and prior to May 18, 2022, the Consolidated Financial Statements of the LLC include the accounts of the LLC and its consolidated subsidiaries, GREC, GREC HoldCo, and GREC Administration LLC and Danforth Shared Services LLC, both of which provide administrative services to the LLC. All intercompany accounts and transactions have been eliminated. Since inception and through May 18, 2022, the LLC’s Consolidated Financial Statements were prepared using the specialized accounting principles of ASC Topic 946. In accordance with this specialized accounting guidance, also referred to as the Investment Basis, the LLC recognized and carried all its investments, including investments in the underlying operating entities, at fair value with changes in fair value recognized in earnings. Additionally, the LLC did not apply the equity method of accounting to its investments. The LLC carried its liabilities at amounts payable, net of unamortized premiums or discounts. The LLC did not elect to carry its non-investment liabilities at fair value. Net assets are calculated as the carrying amounts of assets, including the fair value of investments, less the carrying amounts of its liabilities. The financial information associated with the Consolidated Financial Statements under the Investment Basis has been prepared by management and, in the opinion of management, contains all adjustments and eliminations necessary for a fair presentation in accordance with U.S. GAAP.
Basis of Consolidation	Basis of Consolidation The Consolidated Financial Statements and related notes have been prepared on the Non-Investment Basis of accounting in accordance with U.S. GAAP and in conformity with the rules and regulations of the SEC applicable to financial information. The Consolidated Financial Statements include the accounts of the Company, its wholly-owned subsidiaries, and those of its subsidiaries in which it has a controlling financial and/or voting interest. All intercompany balances and transactions have been eliminated in consolidation. The Company determines whether it has a controlling interest in an entity by first evaluating whether the entity is a VIE under U.S. GAAP as discussed further below. In connection with the Acquisition, the Company consolidated the results of operations and financial position of GDEV during the period May 19, 2022 through November 17, 2022. Management determined that GDEV is an investment company under ASC 946 for the purposes of financial reporting. In accordance with ASC 946, when an investment company’s results of operations are consolidated with and into the financial statements of a company that does not follow ASC 946, the results of operations and statement of financial position of the investment company shall continue to be presented in accordance with ASC 946. As such, in the preparation of the Consolidated Financial Statements during the period May 19, 2022 through November 17, 2022, GDEV was presented in the Consolidated Financial Statements of the Company utilizing ASC 946 accounting requirements. ASC 946 requires investments of an investment company to be recorded at the estimated fair value in the Consolidated Balance Sheet and the unrealized gains and/or losses in an investment’s fair value to be recognized on a current basis in the Consolidated Statement of Operations. On November 18, 2022, GREC sold its investment in GDEV to an unrelated third party for total purchase consideration of $5.7 million. The Company realized a gain on sale of this investment in the amount of $0.3 million, which is included in Other expense, net on the Consolidated Statement of Operations. The Company has determined as a result of the sale of GREC’s investment in GDEV that it is no longer the primary beneficiary of GDEV. As a result, GDEV is no longer considered a consolidated subsidiary of the Company, and therefore its financial position is not included on the Consolidated Balance Sheet as of December 31, 2022. Further, the revenue, expenses and income of GDEV are only included within the Company’s Consolidated Statement of Operations for the period May 19, 2022 through November 17, 2022, the date of the deconsolidation. Additionally, the results of operations and financial position of GDEV GP, which GREC has a controlling voting interest in and whose operations are exclusively related to its role as the general partner of GDEV, are no longer eliminated in consolidation beginning with the deconsolidation on November 18, 2022. Basis of Consolidation As provided under Regulation S-X and ASC 946, the LLC would generally not consolidate its investment in a company other than a wholly owned investment company or controlled operating company whose business consists of providing services to the LLC. Accordingly, the LLC consolidated in its Consolidated Financial Statements the accounts of certain wholly owned subsidiaries that meet the criteria. All significant intercompany balances and transactions have been eliminated in consolidation.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents Cash and cash equivalents include investments in highly liquid money market instruments with an original maturity of three months or less. Restricted Cash Restricted cash consists of cash accounts used as collateral for letters of credit and financial institutional loan requirements that are restricted for use on certain of the Company's renewable energy projects. Cash and Cash Equivalents Cash consists of demand deposits at a financial institution. Such deposits may be in excess of the Federal Deposit Insurance Corporation insurance limits. The LLC has not experienced any losses in any such accounts. Restricted Cash Restricted cash consists of cash accounts or letters of credit that are restricted for use on specific investments.
Foreign Currency Translation	Foreign Currency Translation The accounting records of the LLC are maintained in U.S. Dollars. The fair value of investments and other assets and liabilities denominated in non-U.S. currencies are translated into U.S. Dollars using the exchange rate at the end of each reporting period. Amounts related to the purchases and sales of investments, investment income and expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. Net unrealized currency gains and losses arising from valuing foreign currency-denominated assets and liabilities at the current exchange rate are reflected as part of Net change in unrealized appreciation (depreciation) on Foreign currency translation in the Consolidated Statements of Operations. Foreign security and currency translations may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices to be more volatile than those of comparable U.S. companies or U.S. government securities.
Valuation of Investments at Fair Value	Fair Value Measurements ASC 820 prioritizes the use of market-based inputs over entity-specific inputs and establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation. The three levels of valuation hierarchy are defined as follows: Level 1: Unadjusted quoted prices for identical assets or liabilities in active markets. Level 2: Other significant observable inputs that are sourced either directly or indirectly from publications or pricing services, including dealer or broker markets, for identical or comparable assets or liabilities. Generally, these inputs should be widely accepted and public, non-proprietary and sourced from an independent third party. Level 3: Inputs derived from a significant amount of unobservable market data and derived primarily through the use of internal valuation methodologies. The Company uses several different valuation techniques to measure the fair value of assets and liabilities. Certain financial instruments may be valued using multiple inputs, including discount rates, expected cash flows, and other inputs. The assessment of the significance of any particular input to the fair value measurement requires judgment and may affect the fair value measurement of assets and liabilities and the placement of those assets and liabilities within the fair value hierarchy levels. Non-performance risk, including the consideration of a credit valuation adjustment, is also considered in the determination of fair value for all assets and liabilities measured at fair value. There were no transfers between Levels 1, 2, or 3 for the period from May 19, 2022 through December 31, 2022. Derivative assets and liabilities—The Company estimates the fair value of its interest rate derivatives using a discounted cash flow valuation technique based on the net amount of estimated future cash flows related to the agreements. The primary inputs used in the fair value measurement include the contractual terms of the derivative agreements, current interest rates, and credit spreads. The significant inputs for the resulting fair value measurement are market-observable inputs, and thus the swaps are classified as Level 2 in the fair value hierarchy. Equity method investments—In the table above, certain equity method investments may be valued at the purchase price for a period of time after an acquisition as the best indicator of fair value. In addition, certain valuations of investments may be entirely or partially derived by reference to observable valuation measures for a pending or consummated transaction. In the absence of quoted prices in active markets, the Company uses a variety of techniques to measure the fair value of its investments. The methodologies incorporate the Company’s assumptions about the factors that a market participant would use to value the investment. The various unobservable inputs used to determine the Level 3 valuations may have similar or diverging impacts on valuation. Significant increases and decreases in these inputs in isolation and interrelationships between those inputs could result in significantly higher or lower fair value measurements. The following table quantifies the significant unobservable inputs used in determining the fair value of equity method investments as of December 31, 2022: Unobservable Input Input/Range Discount rate 6.80%-7.80% (median 7.30%) kWh production 0.50% annual degradation in production Potential leverage and estimated remaining useful life 29.5 years Valuation of Investments at Fair Value ASC 820 defines fair value, establishes a framework for measuring fair value in accordance with U.S. GAAP and expands disclosures about fair value. The LLC recognizes and accounts for its investments at fair value. The fair value of the investments does not reflect transaction costs that may be incurred upon disposition of the investments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value is an exchange price notion under which fair value is the price in an orderly transaction between market participants to sell an asset or transfer a liability in the market in which the reporting entity would transact for the asset or liability. GCM has established procedures to estimate the fair value of its investments that the LLC’s Board of Directors has reviewed and approved. To the extent that such market data is available, the LLC will use observable market data to estimate the fair value of investments. In the absence of quoted market prices in active markets, or quoted market prices for similar assets in markets that are not active, the LLC will use the valuation methodologies described below with unobservable data based on the best available information in the circumstances. These methodologies incorporate the LLC’s assumptions about the factors that a market participant would use to value the asset. The LLC considers investments in money market funds to be short-term investments. Short-term investments are stated at cost, which approximates fair value. For investments for which quoted market prices are not available, which comprise most of our investment portfolio, fair value is estimated by using the cost, income or market approach. The income approach assumes that value is created by the expectation of future benefits, discounted by a risk premium, to calculate a current cash value. This estimate is the fair value: the amount an investor would be willing to pay to receive those future benefits. The market approach compares either recent comparable transactions to the investment or an offer to purchase an investment based upon a qualified bid: a signed term sheet and/or a signed purchase agreement. Adjustments to proposed prices are made to account for the probability of the deal closing, changes between proposed and executed terms, and any dissimilarity between the comparable transactions and their underlying investments. If multiple bids are qualified in the same valuation period, a blended market approach will be calculated. Prior to the second quarter of 2020, fair value for pre-operational assets was approximated using the cost approach. Beginning in the second quarter of 2020, GCM expanded the criteria whereby certain pre-operational assets are identified and qualified for the income approach, rather than the cost approach, for approximating fair value. GCM considers all owned assets that are fully construction ready with no impediments to begin construction and where the costs to complete such projects are well understood for the income approach. The fair value of such eligible projects is determined based upon a discounted cash flow methodology. If the portfolio has any significant portion of value that remains subject to negotiation or contract or if other significant risks to complete the project exist, the investment may be held at cost, as an approximation of fair value. These valuation methodologies involve a significant degree of judgment by GCM. In determining the appropriate fair value of an investment using these approaches, the most significant information and assumptions include, as applicable: available current market data, including relevant and applicable comparable market transactions, applicable market yields and multiples, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the investment’s ability to make payments, its earnings and discounted cash flows, the markets in which the project does business, comparisons of financial ratios of peer companies that are public, comparable mergers and acquisitions, the principal market and enterprise values and environmental factors, among other factors. The estimated fair values will not necessarily represent the amounts that may be ultimately realized due to the occurrence or non-occurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of the valuation of the investments, the estimate of fair values may differ significantly from the value that would have been used had a broader market for the investments existed. The authoritative accounting guidance prioritizes the use of market-based inputs over entity-specific inputs and establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation. The three levels of valuation hierarchy are defined as follows: Level 1: Unadjusted quoted prices for identical assets or liabilities in active markets. Level 2: Other significant observable inputs that are sourced either directly or indirectly from publications or pricing services, including dealer or broker markets, for identical or comparable assets or liabilities. Generally, these inputs should be widely accepted and public, non-proprietary and sourced from an independent third party. Level 3: Inputs derived from a significant amount of unobservable market data and derived primarily through the use of internal valuation methodologies.
Calculation of Net Asset Value	Calculation of Net Asset Value NAV by share class is calculated by subtracting total liabilities for each class from the total carrying amount of all assets for that class, which includes the fair value of investments. NAV per share is calculated by dividing net asset value for each class by the total number of outstanding common shares for that class on the reporting date. For purposes of calculating our NAV, the LLC carries all liabilities at cost.
Earnings per Share	Earnings per Share In accordance with the provisions of ASC Topic 260, Earnings per Share (“ASC 260”), basic earnings per share is computed by dividing earnings available to common members by the weighted average number of shares outstanding during the period. Other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis, if applicable. The Company had no dilutive instruments for the period from May 19, 2022 through December 31, 2022. Earnings per Share In accordance with the provisions of ASC 260, basic earnings per share is computed by dividing earnings available to common members by the weighted average number of shares outstanding during the period. Other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis.
Revenue Recognition	Revenue Recognition The Company recognizes revenue from contracts with customers in accordance with ASC Topic 606, Revenue from Contracts with Customers, which provides a five-step model for recognizing revenue as follows: 1. Identify the contract 2. Identify performance obligations 3. Determine the transaction price 4. Allocate the transaction price 5. Recognize revenue The Company has elected as a practical expedient the accounting policy under which it excludes from the transaction price taxes it collects from its customers assessed by a governmental authority. The Company therefore reports sales revenue net of any sales tax. Energy Sales The Company’s revenue is primarily derived from the sale of power under long-term PPAs. The Company’s PPAs generally have a term between 10-20 years. Customers consist of commercial property owners, corporate entities, municipal entities, and utility companies located within the continental United States and Canada. The Company operates solar, wind, biomass, and battery systems. Certain of these PPAs are accounted for as leases. ASC Topic 842, Leases (“ASC 842”), requires the minimum lease payments received to be amortized over the term of the lease and variable lease revenue to be recorded in the period when the changes in facts and circumstances on which the variable lease payments are based occur. See further detail regarding the Company’s PPAs accounted for as leases in Note 9. Leases. Sales are subject to economic and weather conditions and may fluctuate based on changes in the industry, regulatory policies, tax incentives, trade policies, and financial markets. The Company has identified the sale of renewable energy and capacity, and when bundled into the PPA, RECs, as the performance obligations within its PPAs. The Company transfers control of the electricity and capacity over time and the customer simultaneously receives and consumes the benefits provided by the Company's performance as it performs. The RECs bundled into PPAs are generated upon generation of renewable power from our renewable energy generating assets. Accordingly, the Company has concluded that the sale of electricity, capacity, and when included in the contract, RECs, represent series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer. Each distinct transfer of electricity in kWh that the Company promises to transfer to the customer meets the criteria to be a performance obligation satisfied over time. The Company recognizes revenue based on the amount metered and invoiced on the basis of the contract prices multiplied by kWh delivered. The Company applies the invoicing practical expedient to recognize revenue in circumstances where the amount is determined based on the output produced. Renewable Energy Credits Sales and Other Incentives The Company has concluded the sale of RECs performance obligation that are not required to be generated by a specific renewable energy generating asset is satisfied at the point in time in which control is transferred to the customer, which may be upon delivery of the attributes or delivery of the related renewable energy, dependent on whether the contract number of RECs is a fixed amount or based upon the amount of power generated. This represents the point in time where the Company has a present right to payment and the customer has significant risks and rewards related to ownership of the RECs. In a bundled contract to sell energy and RECs, all performance obligations are deemed to be delivered at the same time. In such cases, the Company does not allocate the transaction price to multiple performance obligations. Contract Amortization Intangible assets and out-of-market contracts recognized from PPAs and RECs assumed through acquisitions related to the sale of energy in future periods for which the fair value has been determined to be less (more) than market are amortized to revenue over the term of each underlying contract on a straight-line basis. Investment Management Revenue The Company also performs investment management and other administrative services for other funds in the sustainable infrastructure renewable energy industry. Such services comprise many activities which constitute a series of distinct services satisfied over time. These activities include capital raising and capital deployment, marketing and other investor relations functions as well as technical asset management, finance and accounting, legal and other administrative services. The performance obligation is satisfied over time because the customer simultaneously receives and consumes the benefits provided by the entity’s performance as the Company performs. The Company utilizes an output method based on time elapsed to measure progress towards satisfaction of the performance obligation. Interest Revenue Interest revenue relates to the Company's secured loans to developers within the renewable energy industry. To the extent the Company expects to collect such amounts, interest revenue is recorded on an accrual basis. If there is reason to doubt an ability to collect such interest, interest receivable on loans is not accrued for accounting purposes. Original issue discounts, market discounts or market premiums are accreted or amortized using the effective interest method as interest revenue. Prepayment premiums on loans are recorded as interest revenue when received. Any application, origination or other fees earned by the Company in arranging or issuing debt are amortized over the expected term of the loan. Loans are placed on non-accrual status when principal and interest are 90 days or more past due, or when there is a reasonable doubt that principal or interest will be collected. Accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as revenue or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are generally restored to accrual status when past due principal and interest is paid and, in management’s judgment, is likely to remain current. Revenue Recognition To the extent the LLC expects to collect such amounts, interest income is recorded on an accrual basis. If there is reason to doubt an ability to collect such interest, interest receivable on loans is not accrued for accounting purposes. Original issue discounts, market discounts or market premiums are accreted or amortized using the effective interest method as interest income. Prepayment premiums on loans are recorded as interest income when received. Any application, origination or other fees earned by the LLC in arranging or issuing debt are amortized over the expected term of the loan. Loans are placed on non-accrual status when principal and interest are 90 days or more past due, or when there is a reasonable doubt that principal or interest will be collected. Accrued interest is generally reversed when a loan is placed on non-accrual. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are generally restored to accrual status when past due and principal and interest is paid and, in management’s judgment, is likely to remain current. Dividend income is recorded when dividends are declared and determined that collection is probable. The timing and amount of dividend income is determined on at least a quarterly basis and, in certain cases, can only be determined quarterly based on the underlying project company agreements. This process includes an analysis at the individual project company level based on cash available from operations and working capital needed for the project company operations. Dividend income from the LLC's privately held, equity investments is recognized when approved. Dividend income as reported on the Consolidated Statement of Operations reflects dividend income from project companies less any expenses incurred by the LLC or GREC for the services provided by Greenbacker Administration directly relating to the ongoing operation of the project companies.
Administrative Expenses	Administrator Expenses Greenbacker Administration served as the LLC’s administrator from commencement of operations through May 18, 2022. Under the terms of the Administration Agreement between the LLC, GREC and the Administrator, certain asset management, construction management, compliance and oversight services, as well as asset accounting and administrative services, were performed by the Administrator. The Administration Agreement was terminated in connect with the Acquisition. The fees incurred for these services are recorded as a reduction to Dividend income in the Consolidated Statements of Operations to the extent that there is sufficient dividend income from the individual project entities. Administrator expenses in excess of dividend income are recorded with Operating expenses on the Consolidated Statement of Operations.
Net Realized Gains or Losses and Net Change in Unrealized Appreciation or Depreciation on Investments	Net Realized Gains or Losses and Net Change in Unrealized Appreciation or Depreciation on Investments Without regard to unrealized appreciation or depreciation previously recognized, realized gains or losses will be measured as the difference between the net proceeds from the sale, repayment, or disposal of an asset and the adjusted cost basis of the asset. Net change in unrealized appreciation or depreciation will reflect the change in investment values during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized.
Payment-in-Kind	Payment-in-Kind For loans with contractual payment-in-kind interest, if the fair value of the investment indicates that such interest is collectible, any interest will be added to the principal balance of such investments and be recorded as income.
Distribution Policy	Distribution Policy Distributions to members, if any, will be authorized and declared by the Company's Board of Directors quarterly in advance and paid monthly. From time to time, the Company may also pay interim special distributions in the form of cash or shares, with the approval of the Company's Board of Directors. Distributions will be made on all classes of shares at the same time. The cash distributions paid to the shareholder with respect to the Class C, P-S and P-T shares will be lower than the cash distributions with respect to the Company’s other share classes because of the distribution fee associated with the Class C, P-S and P-T shares, which is allocated specifically to such classes. Amounts distributed to each class are allocated amongst the holders of the shares in such class in proportion to their shares. Distribution Policy Distributions to members, if any, will be authorized and declared by the LLC's Board of Directors quarterly in advance and paid monthly. From time to time, we may also pay interim special distributions in the form of cash or shares, with the approval of our Board of Directors. Distributions will be made on all classes of shares at the same time. The cash distributions paid to the shareholder with respect to the Class C, P-S and P-T shares will be lower than the cash distributions with respect to the LLC’s other share classes because of the distribution fee associated with the Class C, P-S and P-T shares, which is allocated specifically to these classes' net assets. Amounts distributed to each class are allocated amongst the holders of the shares in such class in proportion to their shares. Distributions declared by our Board of Directors are recognized as distribution liabilities on the ex-dividend date.
Organization and Offering Costs	Organization and Offering Costs O&O costs other than sales commissions and the dealer manager fee, were initially paid by and/or dealer manager on behalf of the LLC in connection with its formation and the offering of its shares pursuant to now-terminated Registration Statements on Form S-1 (File No. 333-178786-01 and File No. 333-211571, respectively). Prior to the Acquisition, the LLC was obligated to reimburse GCM for O&O costs that it incurred on behalf of the LLC, in accordance with the Advisory Agreement. However, with respect to the LLC’s public offerings, the aggregate of selling commissions, dealer manager fees and other O&O costs borne by the LLC was not to exceed 15.00% of gross offering proceeds.
Financing Costs	Financing Costs Financing costs incurred by the LLC for the issuance of debt liabilities are deferred and amortized using the straight-line method over the life of the debt liability. Financing costs related to debt liabilities incurred by the LLC are presented on the Consolidated Statement of Assets and Liabilities as a direct deduction from the carrying amount of that debt liability.
Return of Capital Receivable	Return of Capital ReceivableFor operational assets, if the project company has inadequate cash to fund day-to-day expenses, the LLC will loan funds to that project company through an investment. Once the project company has adequate cash, they will repay the loan by sending a return of capital distribution.
Performance Participation Fee	Performance Participation FeeUnder the Fourth Operating Agreement, the incentive fee payable by the LLC was simplified to be structured with two components: the "Performance Participation Fee" and the "Liquidation Performance Participation Fee" (each as defined in Note 5. Related Party Agreements and Transaction Agreements). Prior to the Acquisition, the Performance Participation Fee was based on the LLC's total return amount during the relevant calculation period. The calculation of the Performance Participation Fee is further detailed in Note 5. Related Party Agreements and Transaction Agreements. The Performance Participation Fee was accounted for and classified as an operating expense and reflected as the Performance participation fee on the Consolidated Statements of Operations.
Deferred Sales Commissions	Debt Issuance, Deferred Financing Costs and Debt Discount Deferred financing costs are amortized over the term of the Company’s financing arrangements using the effective interest method as a component of interest expense. Unamortized deferred financing costs are reflected as an offset to the scheduled principal payments and are presented as a reduction of Long-term debt, net of current portion, on the Consolidated Balance Sheet.
Reclassifications	Change in Presentation due to Change in Status Effective May 19, 2022, the date of the change in status, the Company prospectively discontinued its application of ASC 946 and, as a result, changed the presentation of the Company's Consolidated Financial Statements. The most significant changes are: • The Consolidated Statement of Assets and Liabilities has been changed to a Consolidated Balance Sheet; • The Consolidated Statement of Operations is no longer presented in the format required under ASC 946. The Company will present the Consolidated Statement of Operations as required under Non-Investment Basis U.S. GAAP. A Consolidated Statement of Other Comprehensive Income (Loss) will be presented, if and when applicable; • The Consolidated Schedule of Investments has been removed; • The Consolidated Statement of Cash Flows has been changed, including now containing a section for investing activities; • Certain footnotes have been changed or removed to reflect conformity with applicable U.S. GAAP under a Non-Investment Basis; and • The Company re-evaluated its interests in all entities to determine whether they are variable interests, and re-evaluated its investments, including its investments in partially owned entities, to determine if they are VIEs, as required under ASC Topic 810, Consolidation ("ASC 810"). The Company also re-evaluated consolidation considerations for all of its investments in VIEs and partially owned entities, as required under ASC 810. Applicable disclosures related to VIEs and other partially owned entities have been included in these Notes to the Consolidated Financial Statements. Reclassifications Certain prior year amounts have been reclassified to conform with current year presentation. These reclassifications had no impact on prior periods’ results.
Derivative Instruments	Derivative Instruments ASC Topic 815, Derivatives and Hedging ("ASC 815"), requires companies to recognize all of its derivative instruments as either assets or liabilities in the Consolidated Balance Sheet at fair value. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated under hedge accounting and qualifies as part of a hedging relationship and on the type of hedging relationship. For derivative instruments that are designated and qualify as hedging instruments, an entity must designate the hedging instrument based upon the exposure being hedged. For derivative instruments not designated as hedging instruments, the gain or loss is recognized in the Consolidated Statement of Operations during the current period. The Company only uses derivative financial instruments to the extent necessary to hedge identified business risks and does not hold or issue derivative financial instruments for trading purposes. When there is a master netting agreement with a financial institution, any gain or loss on interest rate swaps with the same financial institution are netted for financial statement presentation. The Company entered into certain interest rate swaps to manage its interest rate risk and accounts for these as derivative instruments under ASC 815. The Company designates qualifying interest rate derivatives as a hedge of a forecasted transaction of the variability of cash flows to be paid related to a recognized liability under a cash flow hedge. Under a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings and is recorded to the same income statement line item as the hedged item. The changes in the fair value of derivatives that do not qualify for hedge accounting are recognized immediately in current earnings. Cash flows on hedges are classified in the Consolidated Statement of Cash Flows the same as cash flows of the items being hedged. The Company documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions, at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific forecasted transactions. The Company also assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair values or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable of occurring, or a treatment of the derivative as a hedge is no longer appropriate or intended. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods during which the hedged transactions will affect earnings. Refer to Note 11. Derivative Instruments for further details. Derivative Instruments The LLC may utilize interest rate swaps to modify interest rate characteristics of existing debt obligations to manage interest rate exposure. These are recorded at fair value either as assets or liabilities in the accompanying Consolidated Statement of Assets and Liabilities with changes in the fair value of interest rate swaps during the period recognized as either an unrealized appreciation or depreciation in the accompanying Consolidated Statements of Operations. On the expiration, termination or settlement of a derivatives contract, the LLC generally records a gain or loss. When there is a master netting agreement with a financial institution, any gain or loss on interest rate swaps with the same financial institution are netted for financial statement presentation. By using derivative instruments, the LLC is exposed to the counterparty’s credit risk — the risk that derivative counterparties may not perform in accordance with the contractual provisions offset by the value of any collateral received. The LLC’s exposure to credit risk associated with counterparty non-performance is limited to collateral posted and the unrealized gains inherent in such transactions that are recognized in the Consolidated Statement of Assets and Liabilities. As appropriate, the LLC minimizes counterparty credit risk through credit monitoring procedures and managing margin and collateral requirements. During December 2021, the LLC entered into an agreement for the purpose of hedging our investment in a pre-operating solar facility that the LLC has contracted to acquire. The derivative instrument has a trade date of December 15, 2021, an effective date of March 31, 2024 and an initial notional amount of $284.7 million. The fixed rate is 1.60%. Per the terms of the agreement, the swap is contingent on the transaction closing. While the transaction has not yet closed, in order to lock in the terms, the LLC made a payment for the amount of $5.0 million to be maintained as cash collateral. As of December 31, 2021, this cash collateral is recorded in Other assets in the Consolidated Statement of Assets and Liabilities. Regarding our investment in the Canadian Northern Lights assets included in the Other Commercial Solar Portfolios, we have foreign currency risk related to our revenue and operating expenses, which are denominated in Canadian Dollars as opposed to U.S. Dollars.
Income Taxes	Income Taxes The Company intends to operate so that it will qualify to be treated as a partnership for U.S. federal income tax purposes under the Internal Revenue Code. As such, it will not be subject to any U.S. federal and state income taxes. In any year, it is possible that the Company will not meet the qualifying income exception and will not qualify to be treated as a partnership. If the Company does not meet the qualifying income exception, the members would then be treated as stockholders in a corporation, and the Company would become taxable as a corporation for U.S. federal income tax purposes under the Internal Revenue Code. The Company would be required to pay income tax at corporate rates on its net taxable income. To the extent of the Company’s earnings and profits, the payment of the distributions would not be deductible by the Company, and distributions to members from the Company would constitute dividend income taxable to such members. The Company conducts substantially all its operations through its wholly owned subsidiary, GREC, which is a corporation that is subject to federal, state, provincial, local and foreign income taxes based on income. Accordingly, most of its operations will be subject to federal, state, provincial, local and foreign income taxes in the jurisdictions in which it operates. As of December 31, 2022, including territories and provinces, the Company operates in 36 jurisdictions. Income taxes are accounted for under the assets and liabilities method. Deferred tax assets and liabilities are recorded for the estimated future tax consequences attributable to differences between items that are recognized in the Consolidated Financial Statements and tax returns in different years. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. PTCs are recognized as wind energy from qualified projects is generated and sold, based on a per kWh rate prescribed in applicable federal and state statutes. The tax benefits of PTCs are recognized as either reductions to current income taxes payable, unless limited by tax law in which instance they are deferred tax assets with a carry forward period of 20 years. The Company recognizes ITCs as a reduction to income tax expense when the related energy property is placed into service. For income tax benefits to be recognized, including uncertain tax benefits, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of the benefit that is more likely than not to be realized upon ultimate settlement. A valuation allowance is established against net deferred tax assets if, based on the weight of available evidence, it is more likely than not that some or all of the net deferred tax assets will not be realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Interest and penalties associated with income taxes, if any, will be recognized in general and administrative expense. The Company follows the authoritative guidance on accounting for uncertainty in income taxes and has concluded it has no material uncertain tax positions to be recognized at this time. Income Taxes The LLC intends to operate so that it will qualify to be treated as a partnership for U.S. federal income tax purposes under the Internal Revenue Code. As such, it will not be subject to any U.S. federal and state income taxes. In any year, it is possible that the LLC will not meet the qualifying income exception and will not qualify to be treated as a partnership. If the LLC does not meet the qualifying income exception, the members would then be treated as stockholders in a corporation, and the LLC would become taxable as a corporation for U.S. federal income tax purposes under the Internal Revenue Code, the LLC would be required to pay income tax at corporate rates on its net taxable income. To the extent of the LLC’s earnings and profits, and the payment of the distributions would not be deductible by the LLC, distributions to members from the LLC would constitute dividend income taxable to such members. The LLC conducts substantially all its operations through its wholly owned subsidiary, GREC, which is a corporation that is subject to federal, state, provincial, local and foreign income taxes based on income. Accordingly, most of its operations will be subject to U.S. federal, state, provincial, local and foreign income taxes in the jurisdictions in which it resides. As of May 18, 2022, including territories and provinces, the portfolio resides in 36 jurisdictions. Income taxes are accounted for under the assets and liabilities method. Deferred tax assets and liabilities are recorded for the estimated future tax consequences attributable to differences between items that are recognized in the Consolidated Financial Statements and tax returns in different years. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. For income tax benefits to be recognized, including uncertain tax benefits, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of the benefit that is more likely than not to be realized upon ultimate settlement. A valuation allowance is established against net deferred tax assets if, based on the weight of available evidence, it is more likely than not that some or all of the net deferred tax assets will not be realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Interest and penalties associated with income taxes, if any, will be recognized in general and administrative expense. The LLC does not consolidate its investments for financial statements; rather, it accounts for its investments at fair value under the specialized accounting of ASC 946. The tax attributes of the individual investments will be considered and incorporated in the LLC’s fair value estimates for those investments. The amounts recognized in the Consolidated Financial Statements for unrealized appreciation and depreciation will result in a difference between the Consolidated Financial Statements and the cost basis of the assets for tax purposes. These differences will be recognized as deferred tax assets and liabilities. Generally, the entities that hold the LLC’s investments will be included in the consolidated tax return of GREC and the differences between the amounts recognized for financial statement purposes and the tax return will be recognized as additional deferred tax assets and liabilities. The LLC follows the authoritative guidance on accounting for uncertainty in income taxes and has concluded it has no material uncertain tax positions to be recognized at this time. The LLC assessed its tax positions for all open tax years as of May 18, 2022 for all U.S. federal and state tax jurisdictions for the years 2014 through 2021. The results of this assessment are included in the LLC’s tax provision and deferred tax assets as of May 18, 2022.

Significant Accounting Polici_5

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Change to Non-Investment Basis Accounting, Adjustments	The following is a summary of the allocation of the net assets of the Company as of the date of the change in status, May 19, 2022: May 19, 2022 Total members' equity (net assets) $ 1,543,739,908 Plus: Fair value of redeemable noncontrolling interests and noncontrolling interests 74,813,714 Total net assets of the Company $ 1,618,553,622 Assets Cash, cash equivalents and Restricted cash $ 205,449,317 Other current assets 103,875,227 Total current assets 309,324,544 Property, plant and equipment 1,522,994,919 Intangible assets 465,375,389 Investments, at fair value 90,425,067 Derivative assets 118,547,764 Other noncurrent assets 36,360,786 Total noncurrent assets 2,233,703,925 Total assets 2,543,028,469 Liabilities Accounts payable and accrued expenses $ 59,521,770 Other current liabilities 67,617,947 Total current liabilities 127,139,717 Long-term debt, net 501,200,081 Out-of-market contracts 229,576,646 Other noncurrent liabilities 66,558,403 Total noncurrent liabilities 797,335,130 Total liabilities 924,474,847 Total members' equity, redeemable noncontrolling interests and noncontrolling interests $ 1,618,553,622
Impact of Sale and Deconsolidation on Balance Sheet	The following table summarizes the impact of the sale and deconsolidation of GDEV: Balances Prior to Deconsolidation Impact of Sale and Deconsolidation November 18, 2022 Assets Current assets: Cash and cash equivalents $ 191,406 $ 5,467,061 $ 5,658,467 Other current assets 83,612 164,042 247,654 Total current assets $ 275,018 $ 5,631,103 $ 5,906,121 Noncurrent assets: Investments, at fair value $ 73,632,120 $ (71,657,942) $ 1,974,178 Total noncurrent assets 73,632,120 (71,657,942) 1,974,178 Total assets $ 73,907,138 $ (66,026,839) $ 7,880,299 Liabilities, Redeemable Noncontrolling Interests and Equity Current liabilities: Other current liabilities 120,147 (120,147) — Total current liabilities 120,147 (120,147) — Total liabilities $ 120,147 $ (120,147) $ — Equity: Greenbacker Renewable Energy Company LLC controlling interest $ 7,593,663 $ — $ 7,593,663 Accumulated deficit (21,969) 308,606 286,637 Noncontrolling interests 66,215,297 (66,215,297) — Total equity $ 73,786,991 $ (65,906,691) $ 7,880,300 Total liabilities, redeemable noncontrolling interests and equity $ 73,907,138 $ (66,026,838) $ 7,880,300
Useful Lives of Property, Plant and Equipment, net	Depreciation is computed on a straight-line basis over the estimated remaining useful lives of individual assets or classes of assets noted in the table below or, when the asset is on property subject to a lease or other site control contract, the remaining lease or other contractual periods and renewals that are deemed to be reasonably certain at the date the assets are purchased, if less than the estimated remaining useful life. Additions and improvements extending asset lives beyond their remaining estimated useful lives are capitalized, while repairs and maintenance, including planned major maintenance, are charged to expense as incurred. Asset Class Useful Lives (Years) Solar energy systems 35 Wind energy systems 30 Battery storage systems 10 December 31, 2022 Land $ 16,320,841 Plant and equipment 1,874,201,117 Asset retirement obligation 30,483,255 Other 319,536 Total property, plant and equipment $ 1,921,324,749 Accumulated depreciation (31,619,220) Property, plant and equipment, net $ 1,889,705,529
Schedule of Notes Receivable	The Company’s n otes receivable consists of the following: As of December 31, 2022 Interest rate Maturity date Notes receivable, current Cider $ 41,863,680 8.00% 3/31/2023 OYA 8,491,226 9.00% 2/17/2023 (1) Shepherds Run 8,751,528 8.00% 12/31/2023 Total notes receivable, current $ 59,106,434 Notes receivable, noncurrent New Market $ 5,008,070 9.00% 9/30/2022 (2) SE Solar 5,009,984 9.00% 2/15/2023 (3) Kane Warehouse 275,871 10.25% 2/28/2025 Total notes receivable, noncurrent $ 10,293,925 Total notes receivable $ 69,400,359 (1) The loan was paid in full on February 17, 2023. (2) Option for purchase agreement exercised on September 30, 2022. The parties involved are working in good faith to enter into a purchase agreement. (3) The parties involved are working in good faith on an extension to the agreement.

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Summary of Purchase Consideration	The following is a summary of the purchase consideration, as well as the fair value of the NCI in GDEV GP and GDEV at the acquisition date: May 19, 2022 Adjustments May 19, 2022 as Adjusted Fair value of consideration transferred: Equity consideration $ 214,926,938 $ — $ 214,926,938 Contingent consideration 73,600,000 — 73,600,000 Assumed expenses of Group LLC 6,227,104 — 6,227,104 Assumed debt (paid at closing) 1,500,000 — 1,500,000 Extinguishment of liabilities (2,171,328) — (2,171,328) Total purchase consideration $ 294,082,714 $ — $ 294,082,714 Fair value of the Company’s investment in GDEV (held before the Acquisition) 3,768,406 (149) 3,768,257 Fair value of the NCI in GDEV GP 533,315 (192,432) 340,883 Fair value of the NCI in GDEV 45,445,898 491,043 45,936,941 Total amount to allocate to net assets acquired and consolidated $ 343,830,333 $ 298,462 $ 344,128,795
Summary of Fair Value of Assets Acquired and Liabilities Assumed	During 2022, the Company made certain adjustments to the estimated fair value of the assets and liabilities assumed at the date of the Acquisition and the resulting consolidation of GDEV GP and GDEV. During the three months ended December 31, 2022, the Company finalized the purchase accounting for the Acquisition. The adjusted purchase price allocation is reflected in the accompanying Consolidated Balance Sheet as of December 31, 2022. The following table details the purchase price allocation as of May 19, 2022, the adjustments made during the three months ended December 31, 2022 and the adjusted purchase price allocation as of May 19, 2022. May 19, 2022 2022 Adjustments May 19, 2022 as Adjusted Net working capital (including cash) $ 8,819,403 $ — $ 8,819,403 Property, plant and equipment 75,594 — 75,594 Investments, at fair value and other noncurrent assets 42,355,783 — 42,355,783 Trademarks 2,800,000 — 2,800,000 Channel partner relationships 95,100,000 (400,000) 94,700,000 Carried interest 278,689 (278,689) — Other liabilities (759,902) — (759,902) Deferred tax liability (25,779,277) 603,418 (25,175,859) Goodwill 220,940,043 373,733 221,313,776 Sum of acquired and consolidated net assets $ 343,830,333 $ 298,462 $ 344,128,795
Summary of Acquired Identifiable Intangible Assets	The following table summarizes the acquired goodwill and identifiable intangible assets, updated acquisition date fair value, and weighted-average amortization period: Identified intangible asset Acquisition date fair value Weighted-average amortization period (years) Trademarks $ 2,800,000 12 Channel partner relationships 94,700,000 11 Goodwill 221,313,776 —
Purchase Price of Assets Acquired	The purchase price of the assets acquired during the year ended December 31, 2022 has been allocated on a relative fair value basis as follows: Land $ 5,111,157 Property, plant and equipment 71,156,183 Intangible assets 1,193,000 ROU asset 2,923,333 Less: Liabilities assumed (4,111,186) Total $ 76,272,487
Schedule of Acquired Identifiable Intangible Assets	The following table summarizes the acquired identifiable intangible assets, acquisition date estimated fair value, and weighted average amortization period for intangible assets acquired as a result of the asset acquisitions completed during the year ended December 31, 2022: Identified intangible asset Acquisition data fair value Weighted-average amortization period (years) PPA contracts - out-of-market $ (889,000) 20 REC contracts - favorable $ 1,193,000 20

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table provides information on the disaggregation of revenue as recorded in the Consolidated Statement of Operations: Period from May 19, 2022 through December 31, 2022 Energy sales $ 86,186,684 RECs and other incentives 15,409,263 Investment Management revenue 1,918,911 Other revenue 7,505,530 Contract amortization, net (10,529,266) Total revenue 100,491,122 Less: Contract amortization, net 10,529,266 Less: Lease revenue (6,025,782) Less: Investment, dividend and interest income (7,511,660) Total revenue from contracts with customers $ 97,482,946
Remaining Performance Obligations	The following table includes the approximate amounts expected to be recognized related to remaining performance obligations as of December 31: Amount 2023 $ 6,898,932 2024 4,993,097 2025 1,987,489 2026 1,855,290 2027 788,102 Thereafter 2,604,233 Total $ 19,127,143

Fair Value Measurements and I_2

Fair Value Measurements and Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Assets and Liabilities	The following table presents the fair values of the Company's financial assets and liabilities as of December 31, 2022 and the basis for determining their fair values: Fair value as of December 31, 2022 Level 1 Level 2 Level 3 Total Derivative assets $ — $ 195,839,516 $ — $ 195,839,516 Equity method investments — — 92,554,266 92,554,266 Contingent consideration — — (75,700,000) (75,700,000) Total $ — $ 195,839,516 $ 16,854,266 $ 212,693,782
Fair Value Assets and Liabilities Using Significant Unobservable Inputs	The following table reconciles the beginning and ending balances for instruments that are recognized at fair value in the consolidated financial statements using significant unobservable inputs: Balance as of May 19, Acquired and consolidated in the Acquisition Purchases Sales and deconsolidation Unrealized gain on investments, net Change in contingent consideration Balance as of December 31, Other investments $ 3,846,586 $ 38,587,628 $ 29,326,673 $ (73,632,120) $ 1,871,233 $ — $ — Equity method investments 86,578,481 — 5,474,361 1,974,178 (1,472,754) — 92,554,266 Contingent consideration — (73,600,000) — — — (2,100,000) (75,700,000) Total $ 90,425,067 $ (35,012,372) $ 34,801,034 $ (71,657,942) $ 398,479 $ (2,100,000) $ 16,854,266
Fair Value Assets and Liabilities Using Significant Unobservable Inputs	The following table reconciles the beginning and ending balances for instruments that are recognized at fair value in the consolidated financial statements using significant unobservable inputs: Balance as of May 19, Acquired and consolidated in the Acquisition Purchases Sales and deconsolidation Unrealized gain on investments, net Change in contingent consideration Balance as of December 31, Other investments $ 3,846,586 $ 38,587,628 $ 29,326,673 $ (73,632,120) $ 1,871,233 $ — $ — Equity method investments 86,578,481 — 5,474,361 1,974,178 (1,472,754) — 92,554,266 Contingent consideration — (73,600,000) — — — (2,100,000) (75,700,000) Total $ 90,425,067 $ (35,012,372) $ 34,801,034 $ (71,657,942) $ 398,479 $ (2,100,000) $ 16,854,266
Schedule of Quantitative Information about Level 3 Fair Value Measurements	The following table quantifies the significant unobservable inputs used in determining the fair value of equity method investments as of December 31, 2022: Unobservable Input Input/Range Discount rate 6.80%-7.80% (median 7.30%) kWh production 0.50% annual degradation in production Potential leverage and estimated remaining useful life 29.5 years Unobservable Input Input/Range Risk-Free Rate Over Earnout Term 4.10% Revenue Discount Rate 11.00% Annualized Revenue Volatility 42.50% Annualized Share Price Volatility 27.50% Quarterly Revenue / Share Price Correlation 45.00% The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the period ended May 18, 2022: Balance as of December 31, Net Translation Purchases Cost adjustments (1) Sales and repayments of investments (2) Net Balance as of May 18, Limited Liability Company Member Interests $ 1,332,932,893 $ 13,652,146 $ — $ 322,059,701 $ (210,519,840) $ — $ (1,688) $ 1,458,123,212 Capital Stock 1,749,886 (4,325) (26,172) — — — — 1,719,389 Energy Efficiency - Secured Loans 380,640 — — — — (55,000) — 325,640 Secured Loans - Other 33,286,139 — — 17,364,517 — (12,270,274) — 38,380,382 Total $ 1,368,349,558 $ 13,647,821 $ (26,172) $ 339,424,218 $ (210,519,840) $ (12,325,274) $ (1,688) $ 1,498,548,623 (1) Includes paid-in-kind interest, return of capital and additional investments in existing investments, if any. (2) Includes principal repayments on loans. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the year ended December 31, 2021: Balance as of December 31, Net Translation Purchases Cost adjustments (1) Sales and repayments of investments (2) Net Balance as of December 31, Limited Liability Company Member Interests $ 609,394,039 $ 55,973,939 $ — $ 1,089,298,390 $ (440,266,245) $ 18,561,952 $ (29,182) $ 1,332,932,893 Capital Stock 1,689,628 49,531 10,727 — — — — 1,749,886 Energy Efficiency - Secured Loans 398,640 — — — — (18,000) — 380,640 Secured Loans - Other 37,327,690 — — 24,431,121 — (28,472,672) — 33,286,139 Total $ 648,809,997 $ 56,023,470 $ 10,727 $ 1,113,729,511 $ (440,266,245) $ (9,928,720) $ (29,182) $ 1,368,349,558 (1) Includes paid-in-kind interest, return of capital and additional investments in existing investments, if any. (2) Includes principal repayments on loans. As of December 31, 2021, most of the LLC’s portfolio investments utilized Level 3 inputs. The following table presents the quantitative information about Level 3 fair value measurements of the LLC’s investments as of December 31, 2021: Fair Value Valuation Unobservable Range of Inputs Battery Storage* $ 10,747,811 Income Approach and Transaction Cost Discount rate, kWh storage, potential leverage and estimated remaining useful life 9.37%, 2.16% annual degradation in production, 11.0 years Biomass $ 17,184,912 Income Approach Discount rate, kWh production, potential leverage and estimated remaining useful life 8.25%, No annual degradation in production, 12.0 years Commercial Solar* $ 931,167,131 Income Approach and Transaction Cost Discount rate, kWh production, potential leverage and estimated remaining useful life 3.50%-9.07% (7.63%), 0%-0.50% (0.50%) annual degradation in production, 9.2-39.0 (33.6) years Wind $ 340,034,522 Income Approach Discount rate, kWh production, potential leverage and estimated remaining useful life 7.75%-8.43% (7.81%) No annual degradation in production 18.7-31.0 (26.4) years Other Investments $ 35,243,259 Transaction Cost Not Applicable Not Applicable Energy Efficiency $ 685,784 Income and Collateral-Based Approach Market yields and value of collateral 10.25% No annual degradation in production 3.2-4.0 (3.6) years Secured Loans $ 33,286,139 Yield Analysis Market yields 8.00%-10.00% (8.48%) * Includes assets that have not reached COD.

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Depreciation is computed on a straight-line basis over the estimated remaining useful lives of individual assets or classes of assets noted in the table below or, when the asset is on property subject to a lease or other site control contract, the remaining lease or other contractual periods and renewals that are deemed to be reasonably certain at the date the assets are purchased, if less than the estimated remaining useful life. Additions and improvements extending asset lives beyond their remaining estimated useful lives are capitalized, while repairs and maintenance, including planned major maintenance, are charged to expense as incurred. Asset Class Useful Lives (Years) Solar energy systems 35 Wind energy systems 30 Battery storage systems 10 December 31, 2022 Land $ 16,320,841 Plant and equipment 1,874,201,117 Asset retirement obligation 30,483,255 Other 319,536 Total property, plant and equipment $ 1,921,324,749 Accumulated depreciation (31,619,220) Property, plant and equipment, net $ 1,889,705,529

Goodwill, Other Intangible As_2

Goodwill, Other Intangible Assets and Out-of-market Contracts (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Other Intangible Assets	Other intangible assets consisted of the following: Gross carrying amount Accumulated amortization Net intangible assets as of December 31, 2022 PPA contracts $ 422,176,259 $ (18,459,864) $ 403,716,395 REC contracts 46,235,383 (1,164,753) 45,070,630 Trademarks 2,800,000 (466,667) 2,333,333 Channel partner relationships 94,700,000 (6,199,394) 88,500,606 Other intangible assets 1,000,000 — 1,000,000 Total intangible assets, net $ 566,911,642 $ (26,290,678) $ 540,620,964
Schedule of Out-Of-Market Contracts	The Company also has PPA and REC contracts that are held in an unfavorable position (out-of-market contracts), which consists of the following as of December 31, 2022: Gross carrying amount Accumulated amortization Net out-of-market contracts as of December 31, 2022 PPA contracts $ (198,445,904) $ 4,881,935 $ (193,563,969) PPA contracts - signed MIPA assets (1) (5,401,517) — (5,401,517) REC contracts (19,763,291) 4,213,416 (15,549,875) REC contracts - signed MIPA assets (1) (3,596,960) — (3,596,960) Total out-of-market contracts, net $ (227,207,672) $ 9,095,351 $ (218,112,321) (1) Signed MIPA assets are defined as assets that have an executed contractual MIPA or Purchase and Sale Agreement but have not yet closed.
Estimated Future Annual Amortization Expense	Estimated future annual amortization expense for the above amortizable intangible assets and out-of-market contracts for the remaining periods through December 31, 2022 as follows: Amortization Expense 2023 $ 26,911,723 2024 28,529,561 2025 30,792,701 2026 30,931,996 2027 31,145,578 Thereafter 174,197,084 Total $ 322,508,643

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Components of Lease Expense and Supplemental Cash Flow Information	The components of lease expense and supplemental cash flow information related to leases for the period are as follows: Period from May 19, 2022 through December 31, 2022 Lease cost Operating lease cost $ 6,110,415 Short-term lease cost 131,089 Variable lease cost 643,641 Total lease cost $ 6,885,145 Other information Cash paid for amounts included in the measurement of lease liabilities $ 3,676,200 Operating cash flows from operating leases $ (3,676,200) ROU assets obtained in exchange for new operating lease liabilities $ 110,412,328 Weighted average remaining lease term – operating leases 28 years Weighted average discount rate – operating leases 6.73%
Supplemental Balance Sheet Information	The supplemental balance sheet information related to leases for the period is as follows: December 31, 2022 Operating leases Operating lease assets $ 102,594,813 Operating lease liabilities, current (2,193,343) Operating lease liabilities, noncurrent (101,281,144) Total operating lease liabilities $ (103,474,487)
Maturity of Operating Lease	Maturities of the Company’s lease liabilities are as follows: Year Ending Operating Leases 2023 $ 8,541,786 2024 8,609,098 2025 8,538,998 2026 8,538,259 2027 8,573,244 Thereafter 200,218,632 Total lease payments 243,020,017 Less: Imputed interest (139,545,530) Present value of lease liabilities $ 103,474,487

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Credit Facilities and Loan Agreements	The Company has entered into credit facilities and loan agreements through its subsidiaries, as described below. Outstanding Interest rate Maturity date GREC Entity HoldCo 74,196,983 1 mo. LIBOR + 1.75% June 20, 2025 Midway III Manager LLC 14,609,867 3 mo. LIBOR + 1.63% October 31, 2025 Trillium Manager LLC 72,736,786 3 mo. LIBOR + 1.88% June 9, 2027 GB Wind Holdco LLC 122,684,036 3 mo. LIBOR + 1.38% November 22, 2027 Greenbacker Wind Holdings II LLC 72,476,839 3 mo. LIBOR + 1.88% December 31, 2026 Conic Manager LLC 24,356,358 3 mo. LIBOR + 1.75% April 1, 2028 Turquoise Manager LLC 31,687,423 3 mo. LIBOR + 1.25% December 23, 2027 Eagle Valley Clean Energy LLC 35,112,342 1.91% January 2, 2057 Eagle Valley Clean Energy LLC (Premium financing agreement) 1,063,438 6.99% November 30, 2023 Greenbacker Equipment Acquisition Company LLC 6,500,000 Prime + 1.00% March 31, 2023 ECA Finco I, LLC 19,756,803 3 mo. LIBOR + 2.25% February 25, 2028 GB Solar TE 2020 Manager LLC 19,182,430 3 mo. LIBOR + 1.88% October 30, 2026 Sego Lily Solar Manager LLC 137,445,285 1 mo. SOFR + 1.38% August 17, 2028 Celadon Manager LLC 61,925,120 1 mo. SOFR + 1.50% February 18, 2029 GRP II Borealis Solar LLC 41,787,517 3 mo. LIBOR + 2.50% June 30, 2027 Ponderosa Manager LLC 147,080,167 1 mo. SOFR + 1.10% Various PRC Nemasket LLC 44,487,662 Daily SOFR + 1.25% November 1, 2029 GREC Holdings 1 LLC 60,000,000 1 mo. SOFR + 1.75% November 29, 2027 Total debt $ 987,089,056 Less: Current portion of long-term debt (95,869,554) Less: Discount on long-term debt (28,628,520) Less: Deferred financing fees (11,830,541) Total long-term debt, net $ 850,760,441
Schedule of Components of Interest Expense	The following table shows the components of interest expense related to the Company's borrowings for the period from May 19, 2022 through December 31, 2022: Period from May 19, 2022 through December 31, 2022 Loan interest $ 16,092,601 Commitment / letter of credit fees 2,013,308 Amortization of deferred financing costs 1,532,817 Amortization of discount on notes payable 943,556 Interest capitalized (4,614,299) Total $ 15,967,983
Schedule of Principal Payments Due on Borrowings	The principal payments due on borrowings for each of the next five years ending December 31 and thereafter, are as follows: Period ending December 31 Principal Payments 2023 $ 100,174,824 2024 37,846,974 2025 103,930,544 2026 109,250,321 2027 284,224,979 Thereafter 351,661,414 $ 987,089,056

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Estimated Fair Value Positions of Derivative Contracts	The following table reflects the location and estimated fair value positions of derivative contracts at: December 31, 2022 Derivatives Designated as Hedging Instruments Balance sheet location Outstanding notional amount Fair Value - Assets Fair Value - (Liabilities) Interest rate swap contracts Derivative Assets / (Other Liabilities) $1,527,813,754 $195,839,516 $— Consolidated Statement of Assets and Liabilities – Fair Value of Derivatives at December 31, 2021 Asset Derivatives Liability Derivatives Risk Exposure Consolidated Statement Fair Value Consolidated Statement Fair Value* Swaps Interest Rate Risk Swap contracts, at fair value $ — Swap contracts, at fair value $ 7,501,983 $ — $ 7,501,983 * Reflects the net amount of the interest rate swaps with Fifth Third Financial Risk Solutions.

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	12 Months Ended
	Dec. 31, 2022
Asset Retirement Obligation Disclosure [Abstract]
Balance and Activity of AROs	The following table represents the balance of AROs as of December 31, 2022, as well as the additions, settlements and accretion related to the Company's AROs for the period from May 19, 2022 through December 31, 2022: Balance as of May 19, 2022 $ 29,383,847 Revisions in estimates for current obligations — Asset retirement obligation settled during current period — Asset retirement obligation incurred during current period 1,165,035 Accretion expense 863,956 Balance as of December 31, 2022 $ 31,412,838

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Future Commitments Under Renewable Energy Contracts	As of December 31, 2022, the Company's commitments with third parties under REC sales contracts are as follows: Number of RECs 2023 181,877 2024 176,050 2025 59,435 2026 55,291 2027 27,823 Thereafter 201,643 Total 702,119

Related Parties (Tables)

Related Parties (Tables)	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Base management fees under GCM's advisory fee agreement with GREC II are to be calculated at a monthly rate of 1.25% annually of the aggregate NAV of the net assets attributable to Class F shares of GREC II plus an annual percentage of the aggregate NAV of the net assets attributable to Class I, Class D, Class T, and Class S shares in accordance with the following schedule: Aggregate NAV Management Fee On NAV up to and including $1,500,000,000 1.75% (0.15% monthly) On NAV in excess of $1,500,000,000 1.50% (0.13% monthly) Prior to the Acquisition, the fees and reimbursement obligations related to the operation of the LLC were as follows: Type of Compensation and Recipient Determination of Amount Base Management Fees — GCM Prior to July 1, 2021, the base management fee payable to GCM was calculated at a monthly rate of 0.17% (2.00% annually) of our gross assets (including amounts borrowed up to $50.0 million) until gross assets exceed $800.0 million. The base management fee monthly rate decreased to 0.15% (1.75% annually) for gross assets between $800.0 million to $1.5 billion and 0.13% (1.50% annually) for gross assets greater than $1.5 billion. For services rendered under the advisory agreement, the base management fee was payable monthly in arrears, or more frequently as authorized under the advisory agreement. The base management fee was calculated based on the average of the values of our gross assets for each day of the prior month. Base management fees for any partial period were appropriately prorated. The base management fee had the ability to be deferred or waived, in whole or in part, at the election of GCM. All or any part of the deferred base management fee not taken as to any period was deferred without interest and may be taken in any period prior to the occurrence of a liquidity event as determined by GCM in its sole discretion. On July 1, 2021, the LLC entered into the Advisory Agreement with GCM. Effective July 1, 2021, the base management fee payable to GCM was calculated at a monthly rate of 0.17% (2.00% annually) of the net assets until the net assets exceed $800.0 million. The base management fee monthly rate will decrease to 0.15% (1.75% annually) for net assets between $800.0 million to $1.5 billion and to 0.13% (1.50% annually) for net assets greater than $1.5 billion. Following the completion of the Acquisition and the termination of the Advisory Agreement, the LLC no longer pays a management fee to GCM. Type of Compensation and Recipient Determination of Amount Performance Participation Fees Prior to the Acquisition, under the Fourth Operating Agreement, the “Performance Participation Fee” which the Special Unitholder was entitled to was calculated and payable in arrears, for an amount equal to 12.5% of the total return generated by the LLC during the most recently completed fiscal quarter, subject to a hurdle amount of 1.50% (or 6% annualized) (the “Hurdle Amount”), a loss carryforward amount and a fee carryforward amount. The “Total Return Amount” is defined for each quarterly calculation period, as an amount equal to the sum of: • The aggregate amount of all cash distributions accrued or paid (without duplication) during such quarter on the shares outstanding at the end of such quarter, plus • The amount of the change in aggregate NAV of such shares since the beginning of such quarter, before giving effect to (x) changes in the aggregate NAV of such shares during such quarter resulting solely from the net proceeds of issuances and/or repurchase of shares by the LLC, and (y) the amount of any accrual of the Performance Participation Fee during such quarter. The calculation of the Total Return Amount for each period included any appreciation or depreciation in the NAV of the shares issued during such period but exclude the proceeds from the initial issuance of such shares. The total NAV of the shares outstanding as of the last business day of a calendar quarter was the amount against which changes in the total NAV of the shares outstanding during the subsequent calendar quarter was measured. Furthermore, the “Loss Carryforward Amount” was initially equal to zero and cumulatively increased in any calendar quarter by the absolute value of any negative total return for such quarter and cumulatively decreased in any calendar quarter by the amount of any positive total return. The “Fee Carryforward Amount” was also initially equal to zero, and cumulatively increased in any calendar quarter by (i) the amount, if any, by which the Hurdle Amount (noted above) for such quarter exceeded any positive Total Return Amount for such quarter; and (ii) the amount, if any, by which the catch-up amount for such quarter exceeded excess profits for such quarter. The fee carryforward amount was cumulatively decreased in any calendar quarter by the amount, if any, of the Fee Carryforward Amount paid to the Special Unitholder for such quarter. Neither the Loss Carryforward Amount nor the Fee Carryforward Amount were permitted to less than zero at any given time. The Special Unitholder shall receive the Performance Participation Fee as follows: ● if the Total Return Amount for the applicable period exceeded the sum of (x) the Hurdle Amount for such period and (y) the Loss Carryforward Amount for such Period (any such excess, “Excess Profits”), 100% of such Excess Profits until the total amount paid to the Special Unitholder equals 12.5% of the sum of (x) the Hurdle Amount for such period and (y) any amount paid to the Special Unitholder pursuant to this clause (the “Catch-Up Amount”); ● to the extent there were remaining Excess Profits after payment of the Catch-Up Amount, 100% of such remaining Excess Profits until such amount paid to the Special Unitholder equaled the amount of the Fee Carryforward Amount for such period; and ● to the extent there are remaining Excess Profits after payment of the Catch-Up Amount and the Fee Carryforward Amount (as defined above), 12.5% of such remaining Excess Profits. The Liquidation Performance Participation Fee payable to the Special Unitholder will equal 20.0% of the net proceeds from a liquidation of the LLC in excess of adjusted capital, as measured immediately prior to liquidation. Adjusted capital shall mean the LLC NAV immediately prior to the time of a liquidation or a listing. In the event of any liquidity event that involves a listing of the LLC's shares, or a transaction in which the LLC's members receive shares of a company that is listed, on a national securities exchange, the Liquidation Performance Participation Fee will equal 20.0% of the amount, if any, by which the LLC's listing value following such liquidity event exceeds the adjusted capital, as calculated immediately prior to such listing (the “Listing Premium”). Any such Listing Premium and related Liquidation Performance Participation Fee will be determined and payable in arrears 30 days after the commencement of trading following such liquidity event.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Consolidated Income Tax Provision	The Company conducts most of its operations through GREC, its taxable wholly owned subsidiary. The Company’s consolidated income tax provision consists of the following: Period from May 19, 2022 through December 31, 2022 Federal $ 984,603 State 2,019,115 Foreign 1,401 Deferred provision for income taxes $ 3,005,119 The LLC conducts most of its operations through GREC, its taxable wholly owned subsidiary. The consolidated income tax provision for the period from January 1, 2022 through May 18, 2022 and year ended December 31, 2021 is composed of the following: Current Deferred Total For the period from January 1, 2022 through May 18, 2022 U.S. federal $ — $ 6,514,622 $ 6,514,622 State and local — 2,393,271 2,393,271 Foreign jurisdiction — — — Provision for income taxes $ — $ 8,907,893 $ 8,907,893 Change in valuation allowance — — — Provision for income taxes, net $ — $ 8,907,893 $ 8,907,893 Current Deferred Total Year Ended December 31, 2021 U.S. federal $ — $ 5,075,307 $ 5,075,307 State and local — 2,946,388 2,946,388 Foreign jurisdiction — — — Provision for income taxes $ — $ 8,021,695 $ 8,021,695 Change in valuation allowance — 817,262 817,262 Provision for income taxes, net $ — $ 8,838,957 $ 8,838,957
Schedule of Effective Tax Rate Reconciliation	The principal differences between the Company's effective tax rate on operations and the U.S. federal statutory income tax rate as of December 31, 2022 are as follows: Period from May 19, 2022 through December 31, 2022 Percentage Tax (benefit) at statutory U.S. federal income tax rate $ (12,001,750) 21.0 % State income taxes, net of federal benefit 937,456 (1.6) % Noncontrolling interest 12,482,232 (21.8) % Share-based compensation 1,441,163 (2.5) % Federal tax credits (2,100,381) 3.7 % Change in valuation allowance 657,644 (1.2) % Permanent differences (GREC LLC and other - net) 1,588,755 (2.8) % Actual provision for income taxes $ 3,005,119 (5.2) % The principal differences between our effective tax rate on operations and the U.S. federal statutory income tax rate are as follows: For the period from January 1, 2022 through May 18, 2022 Percentage 2021 Percentage Taxes at statutory U.S. federal income tax rate $ 8,320,219 21.0 % $ 10,890,547 21.0 % Permanent differences (GREC LLC and other) 624,645 1.6 % 347,555 0.7 % State income taxes, net of federal benefit 1,890,684 4.8 % 2,253,655 4.3 % Write off state credits — — % 334,079 0.6 % Rate changes — — % — — % Return to provision and other adjustments (40,196) (0.1) % (1,850,554) (3.6) % Federal tax credits (1,887,459) (4.8) % (3,953,587) (7.6) % Change in valuation allowance — — % 817,262 1.6 % Actual provision for income taxes $ 8,907,893 22.5 % $ 8,838,957 17.0 %
Schedule of Deferred Tax Assets (Liabilities)	Deferred tax assets (liabilities) have been classified on the accompanying Consolidated Balance Sheet as of December 31, 2022 as follows: 2022 Net operating losses $ 98,911,035 Federal tax credits 16,251,724 Operating lease liabilities 14,281,891 Asset retirement obligations 5,286,656 Disallowed interest 5,027,580 Other 3,570,566 Total deferred tax assets 143,329,452 Less: Valuation allowance (2,170,000) Deferred tax assets, net of valuation allowance $ 141,159,452 Investments in flow-through entities taxed as partnerships $ (41,666,863) Derivative assets (51,568,960) Property, plant, and equipment (48,090,012) Intangibles (64,833,949) Operating lease assets (14,070,292) Long-term debt (4,657,929) Total deferred tax liabilities $ (224,888,005) Deferred tax liabilities, net $ 83,728,553 Deferred tax assets (liabilities) have been classified on the accompanying Consolidated Statement of Assets and Liabilities as of December 31, 2021 as follows: 2021 Amortization $ 42,799 Disallowed interest 4,731,734 Net operating losses 60,652,197 Federal and state tax credits 11,996,064 Unrealized gains (102,617,534) Deferred tax liabilities $ (25,194,740) Less: valuation allowance (1,512,356) Deferred tax liabilities, net $ (26,707,096)

Members' Equity (Tables)

Members' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Summary of Shares Issued and Repurchased	The following table is a summary of the shares issued and repurchased during the period and outstanding as of December 31, 2022: Shares Outstanding as of May 19, 2022 Shares Issued to Complete the Acquisition Other Capital Activity Shares Issued through Reinvestment of Distributions During the Period Shares Repurchased During the Period Shares Transferred During the Period Shares Outstanding as of December 31, 2022 Class A 16,626,973 — (23,601) 278,470 (740,845) — 16,140,997 Class C 2,766,760 — — 61,152 (154,918) — 2,672,994 Class I 6,445,062 — — 157,542 (199,413) — 6,403,191 Class P-A 794,193 — — 21,867 (1,160) — 814,900 Class P-I 103,334,227 24,393,025 45,664 810,287 (3,504,789) 235,570 125,313,984 Class P-D 198,948 — (2,776) 837 (5,436) — 191,573 Class P-S 47,047,838 — — 456,028 (1,008,419) (233,990) 46,261,457 Class P-T 241,447 — — 3,867 — — 245,314 Total 177,455,448 24,393,025 19,287 1,790,050 (5,614,980) 1,580 198,044,410
Quarterly Share Repurchase Limits	The quarterly share repurchases limits for the Company’s new SRP are set forth below. Quarter Ending Share Repurchase Limit(s) September 30, 2021, and each quarter thereafter During any 12-month period, 20.00% of the weighted average number of outstanding shares During any fiscal quarter, 5.00% of the weighted average number of shares outstanding in the prior four fiscal quarters
Schedule of Distributions	These distributions are calculated based on shareholders of record for each day in amounts equal to that exhibited in the table below based upon distribution period and class of share. Class of Share Distribution Period A C I P-A P-I P-D P-T P-S 1-Nov-15 31-Jan-16 $ 0.00165 $ 0.00165 $ 0.00165 $ — $ — $ — $ — $ — 1-Feb-16 30-Apr-16 $ 0.00166 $ 0.00166 $ 0.00166 $ — $ — $ — $ — $ — 1-May-16 31-Jul-16 $ 0.00166 $ 0.00166 $ 0.00166 $ 0.00158 $ 0.00158 $ — $ — $ — 1-Aug-16 31-Oct-16 $ 0.00168 $ 0.00168 $ 0.00168 $ 0.00160 $ 0.00160 $ — $ — $ — 1-Nov-16 31-Jan-17 $ 0.00169 $ 0.00164 $ 0.00169 $ 0.00160 $ 0.00160 $ — $ — $ — 1-Feb-17 30-Apr-17 $ 0.00168 $ 0.00164 $ 0.00168 $ 0.00160 $ 0.00160 $ — $ — $ — 1-May-17 31-Jul-17 $ 0.00167 $ 0.00163 $ 0.00167 $ 0.00160 $ 0.00158 $ — $ — $ — 1-Aug-17 31-Oct-17 $ 0.00167 $ 0.00163 $ 0.00167 $ — $ 0.00159 $ — $ — $ — 1-Nov-17 31-Oct-18 $ 0.00167 $ 0.00163 $ 0.00167 $ — $ 0.00158 $ — $ — $ — 1-Nov-18 30-Apr-20 $ 0.00167 $ 0.00163 $ 0.00167 $ 0.00165 $ 0.00158 $ — $ — $ — 1-May-20 30-Nov-20 $ 0.00152 $ 0.00149 $ 0.00152 $ 0.00153 $ 0.00158 $ — $ — $ — 1-Dec-20 31-Dec-22 $ 0.00152 $ 0.00149 $ 0.00152 $ 0.00152 $ 0.00158 $ 0.00158 $ 0.00158 $ 0.00158
Distributions Declared	The following table reflects the distributions declared during the period from May 19, 2022 through December 31, 2022: Pay Date Paid in Value of Total June 1, 2022 $ 6,954,111 $ 2,020,049 $ 8,974,160 July 1, 2022 7,344,811 1,889,655 9,234,466 August 1, 2022 7,570,118 1,955,461 9,525,579 September 1, 2022 7,564,952 1,973,079 9,538,031 October 3, 2022 7,312,905 1,922,613 9,235,518 November 1, 2022 7,507,085 1,986,513 9,493,598 December 1, 2022 7,270,876 1,930,103 9,200,979 January 3, 2023 7,702,756 1,967,527 9,670,283 Total $ 59,227,614 $ 15,645,000 $ 74,872,614 The following table reflects the distributions declared during the period from January 1, 2022 through May 18, 2022: Pay Date Paid in Value of Total February 1, 2022 $ 6,216,132 $ 1,856,347 $ 8,072,479 March 1, 2022 5,712,141 1,720,315 7,432,456 April 1, 2022 6,496,827 1,975,380 8,472,207 May 2, 2022 6,291,008 1,934,690 8,225,698 Total $ 24,716,108 $ 7,486,732 $ 32,202,840 The following table reflects the distributions declared during the year ended December 31, 2021: Pay Date Paid in Value of Total February 1, 2021 $ 2,555,800 $ 538,241 $ 3,094,041 March 4, 2021 3,063,308 487,868 3,551,176 April 1, 2021 4,783,092 523,715 5,306,807 May 3, 2021 4,733,419 565,208 5,298,627 June 1, 2021 4,762,355 886,124 5,648,479 July 1, 2021 4,709,348 960,096 5,669,444 August 2, 2021 5,217,796 1,071,227 6,289,023 September 1, 2021 5,423,345 1,145,375 6,568,720 October 1, 2021 5,516,811 1,229,494 6,746,305 November 1, 2021 5,946,262 1,463,710 7,409,972 December 1, 2021 5,938,698 1,662,579 7,601,277 January 3, 2022 6,174,878 1,755,921 7,930,799 Total $ 58,825,112 $ 12,289,558 $ 71,114,670

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator of Basic Earnings per Share	The following table reconciles the numerator and the denominator used to calculate basic earnings per share: Period from May 19, 2022 through December 31, 2022 Numerator Net loss attributable to Greenbacker Renewable Energy Company LLC $ (724,977) Denominator Weighted average shares, basic 201,667,520 Net loss attributable to Greenbacker Renewable Energy Company LLC Basic $ 0.00

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Reporting - Schedule of Reportable Segment Financial Results, Revenue and Adjusted EBITDA	The following table presents the Company’s reportable segment financial results: Period from May 19, 2022 through December 31, 2022 Energy revenue $ 101,595,947 Other revenue 7,505,530 Contract amortization, net (10,529,266) Total IPP revenue $ 98,572,211 Investment Management revenue $ 1,918,911 For the period May 19, 2022 through December 31, 2022 Segment Adjusted EBITDA: IPP Adjusted EBITDA $ 53,626,933 IM Adjusted EBITDA (8,479,896) Total Segment Adjusted EBITDA $ 45,147,037 Reconciliation: Total Segment Adjusted EBITDA $ 45,147,037 Unallocated corporate expenses (18,766,648) Total Adjusted EBITDA 26,380,389 Less: Share-based compensation expense 6,903,931 Change in fair value of contingent consideration 2,100,000 Non-recurring professional fees associated with the Acquisition and change in status 7,593,649 Depreciation, amortization and accretion (1) 49,771,964 Operating loss $ (39,989,155) Interest expense, net (15,889,125) Realized loss on interest rate swaps, net (1,322,219) Unrealized loss on interest rate swaps, net (249,150) Unrealized gain on investments, net 398,479 Other expense, net (107,890) Net loss before income taxes $ (57,159,060) Provision for income taxes (3,005,119) Net loss $ (60,164,179) Less: Net loss attributable to noncontrolling interests (59,439,202) Net loss attributable to Greenbacker Renewable Energy Company LLC $ (724,977) (1) Includes contract amortization, net in the amount of $10.5 million for the period from May 19, 2022 through December 31, 2022 which is included in Contract amortization, net on the Consolidated Statement of Operations.

Significant Accounting Polici_6

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following information sets forth the computation of the weighted average basic and diluted net increase in net assets attributed to common members per share and net investment (loss) income per share for the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021. For the period from January 1, 2022 through May 18, 2022 For the year ended December 31, Basic and diluted Net investment (loss) income $ (4,884,550) $ 2,655,809 Net increase in net assets attributed to common members $ 30,778,458 $ 43,020,789 Net investment (loss) income per share $ (0.03) $ 0.02 Net increase in net assets attributed to common members per share $ 0.18 $ 0.34 Weighted average common shares outstanding 174,129,549 126,458,860
Schedule of Derivative Instruments in Consolidated Statement of Assets and Liabilities, Fair Value	The following table reflects the location and estimated fair value positions of derivative contracts at: December 31, 2022 Derivatives Designated as Hedging Instruments Balance sheet location Outstanding notional amount Fair Value - Assets Fair Value - (Liabilities) Interest rate swap contracts Derivative Assets / (Other Liabilities) $1,527,813,754 $195,839,516 $— Consolidated Statement of Assets and Liabilities – Fair Value of Derivatives at December 31, 2021 Asset Derivatives Liability Derivatives Risk Exposure Consolidated Statement Fair Value Consolidated Statement Fair Value* Swaps Interest Rate Risk Swap contracts, at fair value $ — Swap contracts, at fair value $ 7,501,983 $ — $ 7,501,983 * Reflects the net amount of the interest rate swaps with Fifth Third Financial Risk Solutions.
Schedule of Effect of Derivative Instruments on the Consolidated Statement of Operations	The effect of derivative instruments on the Consolidated Statements of Operations Risk Exposure Change in net unrealized depreciation on derivative transactions for the period from January 1, 2022 through May 18, 2022 Change in net unrealized depreciation on derivative transactions for the year ended December 31, Swaps Interest Rate Risk $ 35,266,332 $ 2,248,926 $ 35,266,332 $ 2,248,926 Risk Exposure Other expenses for the period from January 1, 2022 through May 18, 2022 Other expenses for the year ended December 31, Swaps Interest Rate Risk $ 650,906 $ 2,024,070 $ 650,906 $ 2,024,070

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Composition	The composition of the LLC’s investments as of December 31, 2021, at fair value, were as follows: Investments at Investments at Fair Value Battery Storage: Pacifica Portfolio $ 11,288,841 $ 10,747,811 0.7 % Subtotal $ 11,288,841 $ 10,747,811 0.7 % Biomass: Eagle Valley Biomass Portfolio $ 24,533,222 $ 17,184,912 1.2 % Subtotal $ 24,533,222 $ 17,184,912 1.2 % Commercial Solar: Celadon Portfolio $ 165,129,450 $ 187,410,880 13.1 % GEH Portfolio 150,463,205 157,925,117 11.0 % Ponderosa Portfolio 49,514,975 59,577,751 4.1 % Sego Lily - Solar Portfolio 107,621,275 122,272,431 8.5 % Trillium Portfolio 74,764,309 101,432,185 7.1 % Other Commercial Solar Portfolios 250,865,362 302,548,767 21.1 % Subtotal $ 798,358,576 $ 931,167,131 64.9 % Wind: Sego Lily - Wind Portfolio $ 117,410,390 $ 140,965,616 9.8 % Greenbacker Wind Holdings II Portfolio 62,787,210 62,272,198 4.3 % Greenbacker Wind - HoldCo Portfolio 84,674,188 78,025,844 5.4 % Other Wind Investments Portfolios 56,638,076 58,770,864 4.1 % Subtotal $ 321,509,864 $ 340,034,522 23.6 % Other Investments: Other Portfolios $ 35,034,396 $ 35,243,259 2.5 % Subtotal $ 35,034,396 $ 35,243,259 2.5 % Energy Efficiency: Other Energy Efficiency Portfolios $ 668,736 $ 685,784 0.1 % Subtotal $ 668,736 $ 685,784 0.1 % Secured Loans: Chaberton Loan $ 2,247,962 $ 2,247,962 0.2 % Encore Loan 3,058,527 3,058,527 0.2 % Hudson Loan 4,984,650 4,984,650 0.3 % Hudson II Loan 4,227,098 4,227,098 0.3 % New Market Loan 5,008,070 5,008,070 0.3 % Shepherd's Run Loan 8,751,528 8,751,528 0.6 % SE Solar Loan 5,008,304 5,008,304 0.3 % Subtotal $ 33,286,139 $ 33,286,139 2.2 % Investments in Money Market Funds: Allspring Treasury Plus Money Market Fund - Institutional Class $ 16,823,110 $ 16,823,110 1.2 % Fidelity Government Portfolio - Class I 16,873,111 16,873,111 1.2 % First American Government Obligations Fund - Class X 16,823,111 16,823,111 1.2 % First American Government Obligations Fund - Class Z 50,000 50,000 — % JPMorgan US Government Money Market Fund - Class L 16,823,111 16,823,111 1.2 % Subtotal $ 67,392,443 $ 67,392,443 4.8 % Total $ 1,292,072,217 $ 1,435,742,001 100.0 %
Investments Fair Value by Geographic Region	The composition of the LLC’s investments as of December 31, 2021 by geographic region, at cost and fair value, were as follows: Investments Investments Fair Value United States: East Region $ 376,929,916 $ 444,160,983 30.9 % Mid-West Region 222,573,610 233,427,679 16.3 Mountain Region 268,907,355 286,693,236 20.0 South Region 105,516,478 111,030,877 7.7 West Region 249,149,279 291,286,897 20.3 Total United States 1,223,076,638 1,366,599,672 95.2 % Canada: 1,603,136 1,749,886 0.1 Money Market Funds: 67,392,443 67,392,443 4.7 Total $ 1,292,072,217 $ 1,435,742,001 100.0 %
Investments Fair Value by Industry	The composition of the LLC’s investments as of December 31, 2021 by industry, at cost and fair value, were as follows: Investments Investments Fair Value Battery Storage (2) $ 11,288,841 $ 10,747,811 0.7 % Biomass 24,533,222 17,184,912 1.2 Commercial Solar (1)(2) 831,644,715 964,453,270 67.2 Wind 321,509,864 340,034,522 23.7 Other Investments 35,034,396 35,243,259 2.5 Energy Efficiency 668,736 685,784 — Money Market Funds 67,392,443 67,392,443 4.7 Total $ 1,292,072,217 $ 1,435,742,001 100.0 % ( 1) Includes loans in the amount of $33,286,139. (2) Includes assets that have not reached COD.

Valuation of Investments at F_2

Valuation of Investments at Fair Value (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements of Investments, by Major Class	The following table presents fair value measurements of investments, by major class, as of December 31, 2021, according to the fair value hierarchy: Valuation Inputs Level 1 Level 2 Level 3 Fair Value Limited Liability Company Member Interests $ — $ — $ 1,332,932,893 $ 1,332,932,893 Capital Stock — — 1,749,886 1,749,886 Energy Efficiency Secured Loans — — 380,640 380,640 Secured Loans - Other — — 33,286,139 33,286,139 Money Market Funds 67,392,443 — — 67,392,443 Total $ 67,392,443 $ — $ 1,368,349,558 $ 1,435,742,001 Other Financial Instruments* Open swap contracts - liabilities $ — $ (7,501,983) $ — $ (7,501,983) Total $ — $ (7,501,983) $ — $ (7,501,983) * Other financial instruments are derivatives, such as futures, forward currency contracts and swaps. These instruments are reflected at the unrealized appreciation (depreciation) on the instrument.
Schedule of Reconciliation of Investments Balances	The following table quantifies the significant unobservable inputs used in determining the fair value of equity method investments as of December 31, 2022: Unobservable Input Input/Range Discount rate 6.80%-7.80% (median 7.30%) kWh production 0.50% annual degradation in production Potential leverage and estimated remaining useful life 29.5 years Unobservable Input Input/Range Risk-Free Rate Over Earnout Term 4.10% Revenue Discount Rate 11.00% Annualized Revenue Volatility 42.50% Annualized Share Price Volatility 27.50% Quarterly Revenue / Share Price Correlation 45.00% The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the period ended May 18, 2022: Balance as of December 31, Net Translation Purchases Cost adjustments (1) Sales and repayments of investments (2) Net Balance as of May 18, Limited Liability Company Member Interests $ 1,332,932,893 $ 13,652,146 $ — $ 322,059,701 $ (210,519,840) $ — $ (1,688) $ 1,458,123,212 Capital Stock 1,749,886 (4,325) (26,172) — — — — 1,719,389 Energy Efficiency - Secured Loans 380,640 — — — — (55,000) — 325,640 Secured Loans - Other 33,286,139 — — 17,364,517 — (12,270,274) — 38,380,382 Total $ 1,368,349,558 $ 13,647,821 $ (26,172) $ 339,424,218 $ (210,519,840) $ (12,325,274) $ (1,688) $ 1,498,548,623 (1) Includes paid-in-kind interest, return of capital and additional investments in existing investments, if any. (2) Includes principal repayments on loans. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the year ended December 31, 2021: Balance as of December 31, Net Translation Purchases Cost adjustments (1) Sales and repayments of investments (2) Net Balance as of December 31, Limited Liability Company Member Interests $ 609,394,039 $ 55,973,939 $ — $ 1,089,298,390 $ (440,266,245) $ 18,561,952 $ (29,182) $ 1,332,932,893 Capital Stock 1,689,628 49,531 10,727 — — — — 1,749,886 Energy Efficiency - Secured Loans 398,640 — — — — (18,000) — 380,640 Secured Loans - Other 37,327,690 — — 24,431,121 — (28,472,672) — 33,286,139 Total $ 648,809,997 $ 56,023,470 $ 10,727 $ 1,113,729,511 $ (440,266,245) $ (9,928,720) $ (29,182) $ 1,368,349,558 (1) Includes paid-in-kind interest, return of capital and additional investments in existing investments, if any. (2) Includes principal repayments on loans. As of December 31, 2021, most of the LLC’s portfolio investments utilized Level 3 inputs. The following table presents the quantitative information about Level 3 fair value measurements of the LLC’s investments as of December 31, 2021: Fair Value Valuation Unobservable Range of Inputs Battery Storage* $ 10,747,811 Income Approach and Transaction Cost Discount rate, kWh storage, potential leverage and estimated remaining useful life 9.37%, 2.16% annual degradation in production, 11.0 years Biomass $ 17,184,912 Income Approach Discount rate, kWh production, potential leverage and estimated remaining useful life 8.25%, No annual degradation in production, 12.0 years Commercial Solar* $ 931,167,131 Income Approach and Transaction Cost Discount rate, kWh production, potential leverage and estimated remaining useful life 3.50%-9.07% (7.63%), 0%-0.50% (0.50%) annual degradation in production, 9.2-39.0 (33.6) years Wind $ 340,034,522 Income Approach Discount rate, kWh production, potential leverage and estimated remaining useful life 7.75%-8.43% (7.81%) No annual degradation in production 18.7-31.0 (26.4) years Other Investments $ 35,243,259 Transaction Cost Not Applicable Not Applicable Energy Efficiency $ 685,784 Income and Collateral-Based Approach Market yields and value of collateral 10.25% No annual degradation in production 3.2-4.0 (3.6) years Secured Loans $ 33,286,139 Yield Analysis Market yields 8.00%-10.00% (8.48%) * Includes assets that have not reached COD.

Related Party Agreements and _2

Related Party Agreements and Transaction Agreements (Tables)	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Base management fees under GCM's advisory fee agreement with GREC II are to be calculated at a monthly rate of 1.25% annually of the aggregate NAV of the net assets attributable to Class F shares of GREC II plus an annual percentage of the aggregate NAV of the net assets attributable to Class I, Class D, Class T, and Class S shares in accordance with the following schedule: Aggregate NAV Management Fee On NAV up to and including $1,500,000,000 1.75% (0.15% monthly) On NAV in excess of $1,500,000,000 1.50% (0.13% monthly) Prior to the Acquisition, the fees and reimbursement obligations related to the operation of the LLC were as follows: Type of Compensation and Recipient Determination of Amount Base Management Fees — GCM Prior to July 1, 2021, the base management fee payable to GCM was calculated at a monthly rate of 0.17% (2.00% annually) of our gross assets (including amounts borrowed up to $50.0 million) until gross assets exceed $800.0 million. The base management fee monthly rate decreased to 0.15% (1.75% annually) for gross assets between $800.0 million to $1.5 billion and 0.13% (1.50% annually) for gross assets greater than $1.5 billion. For services rendered under the advisory agreement, the base management fee was payable monthly in arrears, or more frequently as authorized under the advisory agreement. The base management fee was calculated based on the average of the values of our gross assets for each day of the prior month. Base management fees for any partial period were appropriately prorated. The base management fee had the ability to be deferred or waived, in whole or in part, at the election of GCM. All or any part of the deferred base management fee not taken as to any period was deferred without interest and may be taken in any period prior to the occurrence of a liquidity event as determined by GCM in its sole discretion. On July 1, 2021, the LLC entered into the Advisory Agreement with GCM. Effective July 1, 2021, the base management fee payable to GCM was calculated at a monthly rate of 0.17% (2.00% annually) of the net assets until the net assets exceed $800.0 million. The base management fee monthly rate will decrease to 0.15% (1.75% annually) for net assets between $800.0 million to $1.5 billion and to 0.13% (1.50% annually) for net assets greater than $1.5 billion. Following the completion of the Acquisition and the termination of the Advisory Agreement, the LLC no longer pays a management fee to GCM. Type of Compensation and Recipient Determination of Amount Performance Participation Fees Prior to the Acquisition, under the Fourth Operating Agreement, the “Performance Participation Fee” which the Special Unitholder was entitled to was calculated and payable in arrears, for an amount equal to 12.5% of the total return generated by the LLC during the most recently completed fiscal quarter, subject to a hurdle amount of 1.50% (or 6% annualized) (the “Hurdle Amount”), a loss carryforward amount and a fee carryforward amount. The “Total Return Amount” is defined for each quarterly calculation period, as an amount equal to the sum of: • The aggregate amount of all cash distributions accrued or paid (without duplication) during such quarter on the shares outstanding at the end of such quarter, plus • The amount of the change in aggregate NAV of such shares since the beginning of such quarter, before giving effect to (x) changes in the aggregate NAV of such shares during such quarter resulting solely from the net proceeds of issuances and/or repurchase of shares by the LLC, and (y) the amount of any accrual of the Performance Participation Fee during such quarter. The calculation of the Total Return Amount for each period included any appreciation or depreciation in the NAV of the shares issued during such period but exclude the proceeds from the initial issuance of such shares. The total NAV of the shares outstanding as of the last business day of a calendar quarter was the amount against which changes in the total NAV of the shares outstanding during the subsequent calendar quarter was measured. Furthermore, the “Loss Carryforward Amount” was initially equal to zero and cumulatively increased in any calendar quarter by the absolute value of any negative total return for such quarter and cumulatively decreased in any calendar quarter by the amount of any positive total return. The “Fee Carryforward Amount” was also initially equal to zero, and cumulatively increased in any calendar quarter by (i) the amount, if any, by which the Hurdle Amount (noted above) for such quarter exceeded any positive Total Return Amount for such quarter; and (ii) the amount, if any, by which the catch-up amount for such quarter exceeded excess profits for such quarter. The fee carryforward amount was cumulatively decreased in any calendar quarter by the amount, if any, of the Fee Carryforward Amount paid to the Special Unitholder for such quarter. Neither the Loss Carryforward Amount nor the Fee Carryforward Amount were permitted to less than zero at any given time. The Special Unitholder shall receive the Performance Participation Fee as follows: ● if the Total Return Amount for the applicable period exceeded the sum of (x) the Hurdle Amount for such period and (y) the Loss Carryforward Amount for such Period (any such excess, “Excess Profits”), 100% of such Excess Profits until the total amount paid to the Special Unitholder equals 12.5% of the sum of (x) the Hurdle Amount for such period and (y) any amount paid to the Special Unitholder pursuant to this clause (the “Catch-Up Amount”); ● to the extent there were remaining Excess Profits after payment of the Catch-Up Amount, 100% of such remaining Excess Profits until such amount paid to the Special Unitholder equaled the amount of the Fee Carryforward Amount for such period; and ● to the extent there are remaining Excess Profits after payment of the Catch-Up Amount and the Fee Carryforward Amount (as defined above), 12.5% of such remaining Excess Profits. The Liquidation Performance Participation Fee payable to the Special Unitholder will equal 20.0% of the net proceeds from a liquidation of the LLC in excess of adjusted capital, as measured immediately prior to liquidation. Adjusted capital shall mean the LLC NAV immediately prior to the time of a liquidation or a listing. In the event of any liquidity event that involves a listing of the LLC's shares, or a transaction in which the LLC's members receive shares of a company that is listed, on a national securities exchange, the Liquidation Performance Participation Fee will equal 20.0% of the amount, if any, by which the LLC's listing value following such liquidity event exceeds the adjusted capital, as calculated immediately prior to such listing (the “Listing Premium”). Any such Listing Premium and related Liquidation Performance Participation Fee will be determined and payable in arrears 30 days after the commencement of trading following such liquidity event.

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Outstanding Debt	The LLC’s borrowings as of December 31, 2021 was as follows: December 31, 2021 Aggregate Principal Principal Amount Carrying Value Deferred Financing Term Note Payable, New Credit Facility $ 97,822,841 $ 82,151,509 $ 82,151,509 $ 2,737,887 $ 79,413,622 LC Facility 32,500,000 — — — — Total $ 130,322,841 $ 82,151,509 $ 82,151,509 $ 2,737,887 $ 79,413,622
Schedule of Line of Credit Facilities	The following table shows the components of interest expense related to the LLC's borrowings for the period from January 1, 2022 through May 18, 2022 and the year ended December 31, 2021: For the period from January 1, 2022 through May 18, 2022 For the year ended December 31, Credit Facility commitment fee $ 136,171 $ 423,075 Credit Facility loan interest 657,528 1,659,715 Amortization of deferred financing costs 520,183 905,959 Total $ 1,313,882 $ 2,988,749 Weighted average interest rate on Credit Facility 2.0 % 1.9 % Weighted average outstanding balance of Credit Facility $ 81,707,643 $ 87,020,554

Members' Equity (Tables)_2

Members' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of Shares Issued and Outstanding	The following table is a summary of the shares issued and repurchased during the period and outstanding as of May 18, 2022: Shares Outstanding as of December 31, Shares Shares Shares Shares Outstanding as of May 18, Class A shares 16,580,558 — 137,884 (91,469) 16,626,973 Class C shares 2,741,963 — 31,007 (6,210) 2,766,760 Class I shares 6,449,493 — 77,618 (82,049) 6,445,062 Class P-A shares 783,593 — 10,600 — 794,193 Class P-I shares 92,069,013 11,211,603 370,820 (317,209) 103,334,227 Class P-D shares 198,548 — 400 — 198,948 Class P-S shares 46,324,757 713,196 233,094 (223,209) 47,047,838 Class P-T shares 239,594 — 1,853 — 241,447 Total 165,387,519 11,924,799 863,276 (720,146) 177,455,448 The following table is a summary of the shares issued and repurchased during the period and outstanding as of December 31, 2021: Shares Outstanding as of December 31, Shares Sold Shares Shares Shares Transferred During the Period Shares Outstanding as of December 31, Class A shares 16,844,129 — 413,371 (661,926) (15,016) 16,580,558 Class C shares 2,734,661 — 93,130 (85,828) — 2,741,963 Class I shares 6,526,001 — 231,377 (296,575) (11,310) 6,449,493 Class P-A shares 55,264 711,897 16,432 — — 783,593 Class P-I shares 36,710,292 56,416,202 411,369 (1,493,868) 25,018 92,069,013 Class P-D shares — 197,405 1,143 — — 198,548 Class P-S shares — 46,075,796 248,961 — — 46,324,757 Class P-T shares — 237,124 2,470 — — 239,594 Total 62,870,347 103,638,424 1,418,253 (2,538,197) (1,308) 165,387,519
Schedule of Shares Sold and Value of Shares Issued	The proceeds from shares sold and the value of shares issued through the reinvestment of distributions for each class of shares for the for the period from January 1, 2022 through May 18, 2022 and for the year ended December 31, 2021 were as follows: Class A Class C Class I Class P-A Class P-I Class P-D Class P-S Class P-T Total For the period from January 1, 2022 through May 18, 2022: Proceeds from Shares Sold $ — $ — $ — $ — $ 98,650,613 $ — $ 6,300,999 $ — $ 104,951,612 Proceeds from Shares Issued through Reinvestment of Distributions $ 1,148,176 $ 252,049 $ 646,222 $ 91,397 $ 3,262,904 $ 3,540 $ 2,065,980 $ 16,464 $ 7,486,732 For the year ended December 31, 2021: Proceeds from Shares Sold $ — $ — $ — $ 6,210,692 $ 504,228,647 $ 1,774,641 $ 413,941,487 $ 2,130,975 $ 928,286,442 Proceeds from Shares Issued through Reinvestment of Distributions $ 3,511,041 $ 768,984 $ 1,964,922 $ 142,773 $ 3,648,652 $ 10,264 $ 2,222,218 $ 22,122 $ 12,290,976
Schedule of Repurchase Agreements	The quarterly share repurchase limits for the LLC's new SRP are set forth below. Quarter Ending Share Repurchase Limit(s) December 31, 2020 During such fiscal quarter, 1.88% of the weighted average number of shares outstanding in the prior four fiscal quarters March 31, 2021 During such fiscal quarter, 2.50% of the weighted average number of shares outstanding in the prior four fiscal quarters June 30, 2021 During such fiscal quarter, 3.75% of the weighted average number of shares outstanding in the prior four fiscal quarters September 30, 2021, and each quarter thereafter During any 12-month period, 20.00% of the weighted average number of outstanding shares During any fiscal quarter, 5.00% of the weighted average number of shares outstanding in the prior four fiscal quarters

Distributions (Tables)

Distributions (Tables)	12 Months Ended
	Dec. 31, 2022
Distributions Made to Members or Limited Partners [Abstract]
Schedule of Distributions	On the last business day of each month, with the authorization of the LLC’s Board of Directors, the LLC declares distributions on each outstanding Class A, C, I, P-A, P-I, P-D, P-T and P-S shares. These distributions are calculated based on shareholders of record for each day in amounts equal to that exhibited in the table below based upon distribution period and class of share. Class of Share Distribution Period A C I P-A P-I P-D P-T P-S 1-Nov-15 31-Jan-16 $ 0.00165 $ 0.00165 $ 0.00165 $ — $ — $ — $ — $ — 1-Feb-16 30-Apr-16 $ 0.00166 $ 0.00166 $ 0.00166 $ — $ — $ — $ — $ — 1-May-16 31-Jul-16 $ 0.00166 $ 0.00166 $ 0.00166 $ 0.00158 $ 0.00158 $ — $ — $ — 1-Aug-16 31-Oct-16 $ 0.00168 $ 0.00168 $ 0.00168 $ 0.00160 $ 0.00160 $ — $ — $ — 1-Nov-16 31-Jan-17 $ 0.00169 $ 0.00164 $ 0.00169 $ 0.00160 $ 0.00160 $ — $ — $ — 1-Feb-17 30-Apr-17 $ 0.00168 $ 0.00164 $ 0.00168 $ 0.00160 $ 0.00160 $ — $ — $ — 1-May-17 31-Jul-17 $ 0.00167 $ 0.00163 $ 0.00167 $ 0.00160 $ 0.00158 $ — $ — $ — 1-Aug-17 31-Oct-17 $ 0.00167 $ 0.00163 $ 0.00167 $ — $ 0.00159 $ — $ — $ — 1-Nov-17 31-Oct-18 $ 0.00167 $ 0.00163 $ 0.00167 $ — $ 0.00158 $ — $ — $ — 1-Nov-18 30-Apr-20 $ 0.00167 $ 0.00163 $ 0.00167 $ 0.00165 $ 0.00158 $ — $ — $ — 1-May-20 30-Nov-20 $ 0.00152 $ 0.00149 $ 0.00152 $ 0.00153 $ 0.00158 $ — $ — $ — 1-Dec-20 31-Dec-22 $ 0.00152 $ 0.00149 $ 0.00152 $ 0.00152 $ 0.00158 $ 0.00158 $ 0.00158 $ 0.00158
Distributions Declared	The following table reflects the distributions declared during the period from May 19, 2022 through December 31, 2022: Pay Date Paid in Value of Total June 1, 2022 $ 6,954,111 $ 2,020,049 $ 8,974,160 July 1, 2022 7,344,811 1,889,655 9,234,466 August 1, 2022 7,570,118 1,955,461 9,525,579 September 1, 2022 7,564,952 1,973,079 9,538,031 October 3, 2022 7,312,905 1,922,613 9,235,518 November 1, 2022 7,507,085 1,986,513 9,493,598 December 1, 2022 7,270,876 1,930,103 9,200,979 January 3, 2023 7,702,756 1,967,527 9,670,283 Total $ 59,227,614 $ 15,645,000 $ 74,872,614 The following table reflects the distributions declared during the period from January 1, 2022 through May 18, 2022: Pay Date Paid in Value of Total February 1, 2022 $ 6,216,132 $ 1,856,347 $ 8,072,479 March 1, 2022 5,712,141 1,720,315 7,432,456 April 1, 2022 6,496,827 1,975,380 8,472,207 May 2, 2022 6,291,008 1,934,690 8,225,698 Total $ 24,716,108 $ 7,486,732 $ 32,202,840 The following table reflects the distributions declared during the year ended December 31, 2021: Pay Date Paid in Value of Total February 1, 2021 $ 2,555,800 $ 538,241 $ 3,094,041 March 4, 2021 3,063,308 487,868 3,551,176 April 1, 2021 4,783,092 523,715 5,306,807 May 3, 2021 4,733,419 565,208 5,298,627 June 1, 2021 4,762,355 886,124 5,648,479 July 1, 2021 4,709,348 960,096 5,669,444 August 2, 2021 5,217,796 1,071,227 6,289,023 September 1, 2021 5,423,345 1,145,375 6,568,720 October 1, 2021 5,516,811 1,229,494 6,746,305 November 1, 2021 5,946,262 1,463,710 7,409,972 December 1, 2021 5,938,698 1,662,579 7,601,277 January 3, 2022 6,174,878 1,755,921 7,930,799 Total $ 58,825,112 $ 12,289,558 $ 71,114,670
Schedule of Cash Distributions Paid	Cash distributions paid during the periods presented were funded from the following sources noted below: For the period from January 1, 2022 through May 18, 2022 For the year ended December 31, Cash from operations $ — $ — Offering proceeds 30,891,000 55,097,266 Total cash distributions $ 30,891,000 $ 55,097,266

Income Taxes (Tables)_2

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Consolidated Income Tax Provision	The Company conducts most of its operations through GREC, its taxable wholly owned subsidiary. The Company’s consolidated income tax provision consists of the following: Period from May 19, 2022 through December 31, 2022 Federal $ 984,603 State 2,019,115 Foreign 1,401 Deferred provision for income taxes $ 3,005,119 The LLC conducts most of its operations through GREC, its taxable wholly owned subsidiary. The consolidated income tax provision for the period from January 1, 2022 through May 18, 2022 and year ended December 31, 2021 is composed of the following: Current Deferred Total For the period from January 1, 2022 through May 18, 2022 U.S. federal $ — $ 6,514,622 $ 6,514,622 State and local — 2,393,271 2,393,271 Foreign jurisdiction — — — Provision for income taxes $ — $ 8,907,893 $ 8,907,893 Change in valuation allowance — — — Provision for income taxes, net $ — $ 8,907,893 $ 8,907,893 Current Deferred Total Year Ended December 31, 2021 U.S. federal $ — $ 5,075,307 $ 5,075,307 State and local — 2,946,388 2,946,388 Foreign jurisdiction — — — Provision for income taxes $ — $ 8,021,695 $ 8,021,695 Change in valuation allowance — 817,262 817,262 Provision for income taxes, net $ — $ 8,838,957 $ 8,838,957
Schedule of Effective Tax Rate Reconciliation	The principal differences between the Company's effective tax rate on operations and the U.S. federal statutory income tax rate as of December 31, 2022 are as follows: Period from May 19, 2022 through December 31, 2022 Percentage Tax (benefit) at statutory U.S. federal income tax rate $ (12,001,750) 21.0 % State income taxes, net of federal benefit 937,456 (1.6) % Noncontrolling interest 12,482,232 (21.8) % Share-based compensation 1,441,163 (2.5) % Federal tax credits (2,100,381) 3.7 % Change in valuation allowance 657,644 (1.2) % Permanent differences (GREC LLC and other - net) 1,588,755 (2.8) % Actual provision for income taxes $ 3,005,119 (5.2) % The principal differences between our effective tax rate on operations and the U.S. federal statutory income tax rate are as follows: For the period from January 1, 2022 through May 18, 2022 Percentage 2021 Percentage Taxes at statutory U.S. federal income tax rate $ 8,320,219 21.0 % $ 10,890,547 21.0 % Permanent differences (GREC LLC and other) 624,645 1.6 % 347,555 0.7 % State income taxes, net of federal benefit 1,890,684 4.8 % 2,253,655 4.3 % Write off state credits — — % 334,079 0.6 % Rate changes — — % — — % Return to provision and other adjustments (40,196) (0.1) % (1,850,554) (3.6) % Federal tax credits (1,887,459) (4.8) % (3,953,587) (7.6) % Change in valuation allowance — — % 817,262 1.6 % Actual provision for income taxes $ 8,907,893 22.5 % $ 8,838,957 17.0 %
Schedule of Deferred Tax Assets (Liabilities)	Deferred tax assets (liabilities) have been classified on the accompanying Consolidated Balance Sheet as of December 31, 2022 as follows: 2022 Net operating losses $ 98,911,035 Federal tax credits 16,251,724 Operating lease liabilities 14,281,891 Asset retirement obligations 5,286,656 Disallowed interest 5,027,580 Other 3,570,566 Total deferred tax assets 143,329,452 Less: Valuation allowance (2,170,000) Deferred tax assets, net of valuation allowance $ 141,159,452 Investments in flow-through entities taxed as partnerships $ (41,666,863) Derivative assets (51,568,960) Property, plant, and equipment (48,090,012) Intangibles (64,833,949) Operating lease assets (14,070,292) Long-term debt (4,657,929) Total deferred tax liabilities $ (224,888,005) Deferred tax liabilities, net $ 83,728,553 Deferred tax assets (liabilities) have been classified on the accompanying Consolidated Statement of Assets and Liabilities as of December 31, 2021 as follows: 2021 Amortization $ 42,799 Disallowed interest 4,731,734 Net operating losses 60,652,197 Federal and state tax credits 11,996,064 Unrealized gains (102,617,534) Deferred tax liabilities $ (25,194,740) Less: valuation allowance (1,512,356) Deferred tax liabilities, net $ (26,707,096)

Financial Highlights (Tables)

Financial Highlights (Tables)	12 Months Ended
	Dec. 31, 2022
Financial Highlights [Abstract]
Schedule of Financial Highlights	The following is a schedule of the financial highlights of the LLC attributed to Class A, C, I, P-A, P-I, P-D, P-S and P-T shares for the period from January 1, 2022 through May 18, 2022. For the period from January 1, 2022 through May 18, 2022 Class A Class C Class I Class P-A Class P-I Class P-D Class P-S Class P-T Per share data attributed to common shares (1) Net Asset Value at beginning of period $ 8.32 $ 8.13 $ 8.32 $ 8.58 $ 8.80 $ 8.80 $ 8.74 $ 8.52 Net investment loss (0.03) (0.03) (0.03) (0.03) (0.03) (0.03) (0.03) (0.03) Net realized and unrealized gain on investments and swap contracts 0.28 0.28 0.28 0.28 0.28 0.28 0.28 0.28 Change in translation of assets and liabilities denominated in foreign currencies (2) — — — — — — — — (Provision for) benefit from income taxes on realized and unrealized gain (loss) on investments and foreign currency translation (0.07) (0.07) (0.07) (0.07) (0.07) (0.07) (0.07) (0.07) Net increase in net assets attributed to common members 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 Shareholder distributions: Distributions from net investment income — — — — — — — — Distributions from offering proceeds (0.18) (0.18) (0.18) (0.18) (0.19) (0.19) (0.19) (0.19) Other (3) (0.02) — (0.02) (0.01) — — (0.01) 0.01 Net decrease in members’ equity attributed to common shares (0.20) (0.18) (0.20) (0.19) (0.19) (0.19) (0.20) (0.18) Net asset value for common shares at end of period $ 8.30 $ 8.13 $ 8.30 $ 8.57 $ 8.79 $ 8.79 $ 8.72 $ 8.52 Common members’ equity at end of period $ 138,068,890 $ 22,503,138 $ 53,501,158 $ 6,803,177 $ 908,567,764 $ 1,747,849 $ 410,490,496 $ 2,057,436 Common shares outstanding at end of period 16,626,973 2,766,760 6,445,062 794,193 103,334,227 198,948 47,047,838 241,447 Ratio/supplemental data for common shares (annualized) Total return attributed to common shares based on net asset value 1.93 % 2.24 % 1.97 % 2.07 % 2.10 % 2.06 % 2.00 % 2.31 % Ratio of net investment income to average net assets (2.58 %) (2.64 %) (2.59 %) (2.50 %) (2.43 %) (2.44) % (2.46) % (2.52) % Ratio of operating expenses to average net assets 12.18 % 12.44 % 12.19 % 11.79 % 11.46 % 11.52 % 11.60 % 11.87 % Portfolio turnover rate 0.84 % 0.84 % 0.84 % 0.84 % 0.84 % 0.84 % 0.84 % 0.84 % (1) The per share data for Class A, C, I, P-A, P-I, P-D, P-S and P-T shares were derived by using the weighted average shares outstanding during the period from January 1, 2022 through May 18, 2022, which were 16,611,759, 2,754,050, 6,456,343, 788,471, 100,036,952, 198,732, 47,042,796 and 240,446, respectively. (2) Amount is less than $0.01 per share. (3) Represents the impact of different share amounts used in calculating certain per share data based on weighted average shares outstanding during the period and the impact of shares at a price other than the net asset value. The following is a schedule of financial highlights of the LLC attributed to Class A, C, I, P-A, P-I, P-D, P-S and P-T shares for the year ended December 31, 2021. For the year ended December 31, 2021 Class A Class C Class I Class P-A Class P-I Class P-D Class P-S Class P-T Per share data attributed to common shares (1) Net Asset Value at beginning of period $ 8.61 $ 8.35 $ 8.61 $ 8.70 $ 9.02 $ 8.96 $ 8.84 $ 8.57 Net investment income 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 Net realized and unrealized gain on investments, and swap contracts 0.46 0.46 0.46 0.46 0.46 0.46 0.46 0.46 Change in translation of assets and liabilities denominated in foreign currencies (2) — — — — — — — — (Provision for) income taxes on realized and gain (loss) on investments, foreign currency translation and swap contracts (0.14) (0.14) (0.14) (0.14) (0.14) (0.14) (0.14) (0.14) Net increase in net assets attributed to common members 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 Shareholder distributions: Distributions from net investment income — — — — — — — — Distributions from offering proceeds (0.56) (0.54) (0.56) (0.56) (0.58) (0.53) (0.53) (0.53) Other (3) (0.07) (0.02) (0.07) 0.10 0.02 0.03 0.09 0.14 Net decrease in members’ equity attributed to common shares (0.63) (0.56) (0.63) (0.46) (0.56) (0.50) (0.44) (0.39) Net asset value for common shares at end of period $ 8.32 $ 8.13 $ 8.32 $ 8.58 $ 8.80 $ 8.80 $ 8.74 $ 8.52 Common members’ equity at end of period $ 137,994,947 $ 22,290,310 $ 53,665,823 $ 6,721,670 $ 810,046,418 $ 1,747,603 $ 404,803,246 $ 2,040,615 Common shares outstanding at end of period 16,580,558 2,741,963 6,449,493 783,593 92,069,013 198,548 46,324,757 239,594 Ratio/supplemental data for common shares (annualized) Total return attributed to common shares based on net asset value 3.29 % 4.03 % 3.29 % 5.18 % 4.13 % 3.81 % 4.98 % 5.48 % Ratio of net investment income to average net assets 0.25 % 0.26 % 0.25 % 0.23 % 0.24 % 0.22 % 0.24 % 0.24 % Ratio of operating expenses to average net assets 3.68 % 3.77 % 3.67 % 3.34 % 3.45 % 3.28 % 3.53 % 3.48 % Portfolio turnover rate 0.98 % 0.98 % 0.98 % 0.98 % 0.98 % 0.98 % 0.98 % 0.98 % (1) The per share data for Class A, C, I, P-A, P-I, P-D, P-S and P-T shares were derived by using the weighted average shares outstanding during the period ended December 31, 2021, which were 16,741,429, 2,751,320, 6,552,391, 479,717, 67,370,914, 129,799, 32,304,342 and 128,948, respectively. (2) Amount is less than $0.01. (3) Represents the impact of different share amounts used in calculating certain per share data based on weighted average shares outstanding during the period and the impact of shares at a price other than the net asset value.

Organization and Operations o_3

Organization and Operations of the Company (Details) $ in Millions	68 Months Ended	72 Months Ended
	Mar. 29, 2019 USD ($)	Mar. 16, 2022 USD ($)	Dec. 31, 2022 project fund GW
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of projects | project			456
Production capacity (in gigawatt) | GW			3.1
Number of funds in renewable energy industry | fund			4
Public Offering
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Dollar value of shares offering	$ 253.4
Private Placement
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Dollar value of shares offering		$ 1,400

Significant Accounting Polici_7

Significant Accounting Policies - Change to Non-Investment Basis Accounting, Adjustments (Details) - USD ($)	Dec. 31, 2022	May 19, 2022		May 18, 2022	Dec. 31, 2021		Dec. 31, 2020
Accounting Policies [Abstract]
Total members' equity (net assets)		$ 1,543,739,908		$ 1,543,739,908	$ 1,439,310,632		$ 555,551,859
Plus: Fair value of redeemable noncontrolling interests and noncontrolling interests	$ 84,007,911	74,813,714
Total equity	1,788,681,853	1,618,553,622		1,616,519,622
Assets
Cash, cash equivalents and Restricted cash	190,698,092	205,449,317	[1]	$ 108,062,479	121,863,392		$ 4,675,836
Other current assets	29,624,295	103,875,227			11,695,159	[2]
Total current assets	324,315,764	309,324,544
Property, plant and equipment	1,889,705,529	1,522,994,919
Intangible assets	540,620,964	465,375,389
Investments, at fair value	92,554,266	90,425,067
Derivative assets	171,392,726	118,547,764
Other noncurrent assets	147,339,466	36,360,786
Total noncurrent assets	3,062,926,727	2,233,703,925
Total assets	3,387,242,491	2,543,028,469			1,582,559,120
Liabilities
Accounts payable and accrued expenses	50,701,644	59,521,770			2,915,210
Other current liabilities	10,861,131	67,617,947
Total current liabilities	225,192,031	127,139,717
Long-term debt, net	850,760,441	501,200,081
Out-of-market contracts	218,112,321	229,576,646
Other noncurrent liabilities	39,825,898	66,558,403
Total noncurrent liabilities	1,371,334,607	797,335,130
Total liabilities	$ 1,596,526,638	$ 924,474,847			$ 143,248,488
[1]Cash, cash equivalents and Restricted cash as of May 19, 2022 includes all consolidated subsidiaries of the Company upon the change in status. Refer to Note 2. Significant Accounting Policies for additional discussion.[2]As of December 31, 2021, Other assets includes $5.0 million of cash collateral associated with a derivative instrument.

Significant Accounting Polici_8

Significant Accounting Policies - Impact of Sale and Deconsolidation on Balance Sheet (Details) - USD ($)	Dec. 31, 2022	Nov. 18, 2022	May 19, 2022	May 18, 2022	Dec. 31, 2021		Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 143,223,982			$ 72,110,606	$ 92,179,779
Other current assets	29,624,295		$ 103,875,227		11,695,159	[1]
Total current assets	324,315,764		309,324,544
Noncurrent assets:
Investments, at fair value	92,554,266		90,425,067
Total noncurrent assets	3,062,926,727		2,233,703,925
Total assets	3,387,242,491		2,543,028,469		1,582,559,120
Current liabilities:
Other current liabilities	10,861,131		67,617,947
Total current liabilities	225,192,031		127,139,717
Total liabilities	1,596,526,638		924,474,847		143,248,488
Equity:
Greenbacker Renewable Energy Company LLC controlling interest			1,543,739,908	1,543,739,908	1,439,310,632		$ 555,551,859
Accumulated deficit	(114,679,721)
Total equity	1,788,681,853		$ 1,618,553,622	$ 1,616,519,622
Total liabilities and equity	$ 3,387,242,491				$ 1,582,559,120
GDEV
Current assets:
Cash and cash equivalents		$ 5,658,467
Other current assets		247,654
Total current assets		5,906,121
Noncurrent assets:
Investments, at fair value		1,974,178
Total noncurrent assets		1,974,178
Total assets		7,880,299
Current liabilities:
Other current liabilities		0
Total current liabilities		0
Total liabilities		0
Equity:
Greenbacker Renewable Energy Company LLC controlling interest		7,593,663
Accumulated deficit		286,637
Noncontrolling interests		0
Total equity		7,880,300
Total liabilities and equity		7,880,300
GDEV | Balances Prior to Deconsolidation
Current assets:
Cash and cash equivalents		191,406
Other current assets		83,612
Total current assets		275,018
Noncurrent assets:
Investments, at fair value		73,632,120
Total noncurrent assets		73,632,120
Total assets		73,907,138
Current liabilities:
Other current liabilities		120,147
Total current liabilities		120,147
Total liabilities		120,147
Equity:
Greenbacker Renewable Energy Company LLC controlling interest		7,593,663
Accumulated deficit		(21,969)
Noncontrolling interests		66,215,297
Total equity		73,786,991
Total liabilities and equity		73,907,138
GDEV | Impact of Sale and Deconsolidation
Current assets:
Cash and cash equivalents		5,467,061
Other current assets		164,042
Total current assets		5,631,103
Noncurrent assets:
Investments, at fair value		(71,657,942)
Total noncurrent assets		(71,657,942)
Total assets		(66,026,839)
Current liabilities:
Other current liabilities		(120,147)
Total current liabilities		(120,147)
Total liabilities		(120,147)
Equity:
Greenbacker Renewable Energy Company LLC controlling interest		0
Accumulated deficit		308,606
Noncontrolling interests		(66,215,297)
Total equity		(65,906,691)
Total liabilities and equity		$ (66,026,838)
[1]As of December 31, 2021, Other assets includes $5.0 million of cash collateral associated with a derivative instrument.

Significant Accounting Polici_9

Significant Accounting Policies - Narrative (Details)		7 Months Ended
	Nov. 18, 2022 USD ($)	Dec. 31, 2022 USD ($) segment jurisdiction	May 19, 2022 USD ($)	May 18, 2022 jurisdiction	Jan. 01, 2022 USD ($)	Dec. 31, 2021
Related Party Transaction [Line Items]
Operating lease assets		$ 102,594,813	$ 95,100,000		$ 200,000
Operating lease liabilities, current		2,193,343	1,200,000
Operating lease liabilities, noncurrent		101,281,144	93,500,000
Goodwill acquired		221,300,000
Impairment charges on goodwill		0
Amortization expense related to intangible assets		26,300,000
Contract amortization expense		10,529,266
Amortization expense related to finite lived intangible assets		6,700,000
Impairment charges on long lived assets		0
Unamortized debt discount		28,628,520	$ 29,600,000
Contingent consideration, current		$ 25,891,317
Number of operating segments | segment		2
Number of reportable segments | segment		2
Deferred sales commission, per annum fee percent			0.85%			0.85%
Deferred sales commission, monthly fee percent			0.07%			0.07%
Deferred sales commission		$ 11,000,000
Deferred sales commission, current		3,700,000
Deferred sales commission, noncurrent		$ 7,300,000
Number of jurisdictions in which the Company operates | jurisdiction		36		36
Total operating lease liabilities		$ 103,474,487			$ 200,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations | GDEV
Related Party Transaction [Line Items]
Total purchase consideration	$ 5,700,000
Realized gain on sale of investment	$ 300,000
Energy revenue | Minimum
Related Party Transaction [Line Items]
Term of contract (in years)		10 years
Energy revenue | Maximum
Related Party Transaction [Line Items]
Term of contract (in years)		20 years
Channel Partner Relationships and Trademarks
Related Party Transaction [Line Items]
Amortization expense related to intangible assets		$ 17,200,000
PPA, REC and Out-of-market contracts
Related Party Transaction [Line Items]
Contract amortization expense		$ 10,500,000
Revenue Benchmark | One Customer | Customer Concentration Risk
Related Party Transaction [Line Items]
Concentration risk percentage		11.80%

Significant Accounting Polic_10

Significant Accounting Policies - Useful Lives of Property, Plant, and Equipment, net (Details)	7 Months Ended
	Dec. 31, 2022
Solar energy systems
Property, Plant and Equipment [Line Items]
Useful Lives (Years)	35 years
Wind
Property, Plant and Equipment [Line Items]
Useful Lives (Years)	30 years
Battery storage systems
Property, Plant and Equipment [Line Items]
Useful Lives (Years)	10 years

Significant Accounting Polic_11

Significant Accounting Policies - Schedule of Notes Receivable (Details)	7 Months Ended
	Dec. 31, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, current	$ 59,106,434
Notes receivable, noncurrent	10,293,925
Total notes receivable	69,400,359
Cider
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, current	$ 41,863,680
Interest rate	8%
OYA
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, current	$ 8,491,226
Interest rate	9%
Shepherds Run
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, current	$ 8,751,528
Interest rate	8%
New Market
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, noncurrent	$ 5,008,070
Interest rate	9%
SE Solar
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, noncurrent	$ 5,009,984
Interest rate	9%
Kane Warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, noncurrent	$ 275,871
Interest rate	10.25%

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details)				1 Months Ended	5 Months Ended	7 Months Ended	12 Months Ended
	Dec. 31, 2022 USD ($) tranche project $ / shares shares	May 19, 2022 USD ($) $ / shares shares	Mar. 31, 2022 USD ($) $ / shares	Dec. 31, 2022 USD ($) tranche project $ / shares shares	May 18, 2022 USD ($)	Dec. 31, 2022 USD ($) tranche project $ / shares shares	Dec. 31, 2022 USD ($) tranche project $ / shares	Dec. 31, 2021 $ / shares
Business Acquisition [Line Items]
Common shares, par value (in dollars per share) | $ / shares	$ 0.001			$ 0.001		$ 0.001	$ 0.001	$ 0.001
Contingent consideration	$ 75,700,000			$ 75,700,000		$ 75,700,000	$ 75,700,000
Goodwill	$ 221,313,776			$ 221,313,776		221,313,776	$ 221,313,776
Goodwill expected to be tax deductible		$ 0
Transaction costs						7,593,649
Share-based compensation expense						6,903,931
Compensation expense on carried interest						$ 400,000
Renewable Energy Projects
Business Acquisition [Line Items]
Number of assets acquired (in projects) | project	30			30		30	30
Net purchase price of assets acquired						$ 76,300,000
Common Class EO
Business Acquisition [Line Items]
Share-based compensation expense						6,900,000
Unrecognized compensation expense	$ 27,300,000			$ 27,300,000		$ 27,300,000	$ 27,300,000
Weighted-average period for recognition of unrecognized compensation cost						2 years 6 months
Forfeitures						$ 100,000
Class P-I shares
Business Acquisition [Line Items]
Common shares, par value (in dollars per share) | $ / shares		$ 0.001
Common Class EO
Business Acquisition [Line Items]
Common shares, par value (in dollars per share) | $ / shares		$ 0.001
Common Class B EO | Tranche 3 Earnout Shares | Minimum
Business Acquisition [Line Items]
Award vesting period						1 year
Common Class B EO | Tranche 3 Earnout Shares | Median
Business Acquisition [Line Items]
Award vesting period						2 years
Common Class B EO | Tranche 3 Earnout Shares | Maximum
Business Acquisition [Line Items]
Award vesting period						3 years
Acquired Entities
Business Acquisition [Line Items]
Equity consideration		$ 214,926,938
Total purchase consideration		294,082,714				$ 335,000,000
Contingent consideration	$ 75,700,000	73,600,000		$ 75,700,000		75,700,000	75,700,000
Goodwill		$ 221,313,776
Transaction costs							$ 3,400,000
Revenue contributed by the Acquisition						1,900,000
Acquired Entities | Channel partner relationships
Business Acquisition [Line Items]
Weighted-average amortization period (years) - favorable		11 years
Acquired Entities | IPP
Business Acquisition [Line Items]
Goodwill		$ 200,300,000
Acquired Entities | IM
Business Acquisition [Line Items]
Goodwill		$ 21,000,000
Acquired Entities | Operating Expense
Business Acquisition [Line Items]
Transaction costs					$ 2,600,000
Acquired Entities | General and Administrative Expense
Business Acquisition [Line Items]
Transaction costs						$ 800,000
Acquired Entities | Class P-I shares
Business Acquisition [Line Items]
Equity consideration (in shares) | shares		24,365,133		27,892		24,393,025
Equity consideration, share price (in dollars per share) | $ / shares		$ 8.81	$ 8.798
Equity consideration			$ 214,400,000	$ 200,000
Total purchase consideration		$ 214,700,000
Acquired Entities | Common Class EO
Business Acquisition [Line Items]
Earnout shares (in shares) | shares		13,071,153
Acquired Entities | Common Class EO | Tranche 1 Earnout Shares
Business Acquisition [Line Items]
Earnout shares (in shares) | shares		4,357,051
Acquired Entities | Common Class EO | Tranche 2 Earnout Shares
Business Acquisition [Line Items]
Earnout shares (in shares) | shares		4,357,051
Acquired Entities | Common Class EO | Tranche 3 Earnout Shares
Business Acquisition [Line Items]
Earnout shares (in shares) | shares		4,357,051
Acquired Entities | Common Class EO | Conversion to participating shares, threshold one | Tranche 1 Earnout Shares
Business Acquisition [Line Items]
Earnout shares (in shares) | shares		2,904,410
Calendar quarter Run Rate Revenue threshold		$ 8,300,000
Maximum amount of that achieve the status of Participating Earnout Shares		$ 12,500,000
Acquired Entities | Common Class EO | Conversion to participating shares, threshold one | Tranche 2 Earnout Shares
Business Acquisition [Line Items]
Earnout shares (in shares) | shares		2,904,410
Calendar quarter Run Rate Revenue threshold		$ 16,700,000
Maximum amount of that achieve the status of Participating Earnout Shares		25,000,000
Acquired Entities | Common Class EO | Conversion to participating shares, threshold one | Tranche 3 Earnout Shares
Business Acquisition [Line Items]
Calendar quarter Run Rate Revenue threshold		25,000,000
Acquired Entities | Common Class EO | Conversion to participating shares, threshold two | Tranche 1 Earnout Shares
Business Acquisition [Line Items]
Calendar quarter Run Rate Revenue threshold		$ 12,500,000
Percentage that achieves the status of Participating Earnout Shares		100%
Acquired Entities | Common Class EO | Conversion to participating shares, threshold two | Tranche 2 Earnout Shares
Business Acquisition [Line Items]
Calendar quarter Run Rate Revenue threshold		$ 25,000,000
Percentage that achieves the status of Participating Earnout Shares		100%
Acquired Entities | Common Class EO | Conversion to participating shares, threshold two | Tranche 3 Earnout Shares
Business Acquisition [Line Items]
Calendar quarter Run Rate Revenue threshold		$ 37,500,000
Percentage that achieves the status of Participating Earnout Shares		100%
Acquired Entities | Common Class A EO | Tranche 3 Earnout Shares
Business Acquisition [Line Items]
Earnout shares (in shares) | shares		378,874
Acquired Entities | Common Class B EO
Business Acquisition [Line Items]
Shares granted to employees as part of the Acquisition (in shares) | shares	3,198,135
Acquired Entities | Common Class B EO | Tranche 3 Earnout Shares
Business Acquisition [Line Items]
Earnout shares (in shares) | shares		3,978,177
Grant-date fair value for awards issued (in dollars per share) | $ / shares						$ 10.96
Acquired Entities | Common Class B EO | Tranche 3 Earnout Shares | Minimum
Business Acquisition [Line Items]
Number of tranches | tranche	1			1		1	1
Acquired Entities | Common Class B EO | Tranche 3 Earnout Shares | Median
Business Acquisition [Line Items]
Number of tranches | tranche	2			2		2	2
Acquired Entities | Common Class B EO | Tranche 3 Earnout Shares | Maximum
Business Acquisition [Line Items]
Number of tranches | tranche	3			3		3	3
Acquired Entities | Common Class B EO | Conversion to participating shares, threshold one | Tranche 3 Earnout Shares
Business Acquisition [Line Items]
Earnout shares (in shares) | shares		2,525,827
Maximum amount of that achieve the status of Participating Earnout Shares		$ 37,500,000

Acquisitions - Purchase Conside

Acquisitions - Purchase Consideration (Details) - USD ($)		7 Months Ended
	May 19, 2022	Dec. 31, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Contingent consideration		$ 75,700,000	$ 75,700,000
Acquired Entities
Business Acquisition [Line Items]
Equity consideration	$ 214,926,938
Contingent consideration	73,600,000
Assumed expenses of Group LLC	6,227,104
Assumed debt (paid at closing)	1,500,000
Extinguishment of liabilities	(2,171,328)
Total purchase consideration	294,082,714		$ 335,000,000
Fair value of the Company’s investment in GDEV (held before the Acquisition)	3,768,257
Adjustments, Fair value of the Company's investment in GDEV (held before the Acquisition)		(149)
Total amount to allocate to net assets acquired and consolidated	344,128,795
Adjustments, Total purchase consideration		298,462
Acquired Entities | Previously Reported
Business Acquisition [Line Items]
Equity consideration	214,926,938
Contingent consideration	73,600,000
Assumed expenses of Group LLC	6,227,104
Assumed debt (paid at closing)	1,500,000
Extinguishment of liabilities	(2,171,328)
Total purchase consideration	294,082,714
Fair value of the Company’s investment in GDEV (held before the Acquisition)	3,768,406
Total amount to allocate to net assets acquired and consolidated	343,830,333
Acquired Entities | GDEV
Business Acquisition [Line Items]
Fair value of the noncontrolling interest	45,936,941
Adjustments, Fair value of the noncontrolling interest		491,043
Acquired Entities | GDEV | Previously Reported
Business Acquisition [Line Items]
Fair value of the noncontrolling interest	45,445,898
Acquired Entities | GDEV GP
Business Acquisition [Line Items]
Fair value of the noncontrolling interest	340,883
Adjustments, Fair value of the noncontrolling interest		$ (192,432)
Acquired Entities | GDEV GP | Previously Reported
Business Acquisition [Line Items]
Fair value of the noncontrolling interest	$ 533,315

Acquisitions - Fair Value of As

Acquisitions - Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($)	7 Months Ended
	Dec. 31, 2022	May 19, 2022
Business Acquisition [Line Items]
Goodwill	$ 221,313,776
Acquired Entities
Business Acquisition [Line Items]
Net working capital (including cash)		$ 8,819,403
Property, plant and equipment		75,594
Investments, at fair value and other noncurrent assets		42,355,783
Carried interest		0
2022 Adjustments, Carried interest	(278,689)
Other liabilities		(759,902)
Deferred tax liability		(25,175,859)
2022 Adjustments, Deferred tax liability	603,418
Goodwill		221,313,776
2022 Adjustments, Goodwill	373,733
Sum of acquired and consolidated net assets		344,128,795
Adjustments, Total purchase consideration	298,462
Acquired Entities | Previously Reported
Business Acquisition [Line Items]
Net working capital (including cash)		8,819,403
Property, plant and equipment		75,594
Investments, at fair value and other noncurrent assets		42,355,783
Carried interest		278,689
Other liabilities		(759,902)
Deferred tax liability		(25,779,277)
Goodwill		220,940,043
Sum of acquired and consolidated net assets		343,830,333
Acquired Entities | Trademarks
Business Acquisition [Line Items]
Finite-lived intangibles assets		2,800,000
Acquired Entities | Trademarks | Previously Reported
Business Acquisition [Line Items]
Finite-lived intangibles assets		2,800,000
Acquired Entities | Channel partner relationships
Business Acquisition [Line Items]
Finite-lived intangibles assets		94,700,000
2022 Adjustments, Finite-lived intangible assets	$ (400,000)
Acquired Entities | Channel partner relationships | Previously Reported
Business Acquisition [Line Items]
Finite-lived intangibles assets		$ 95,100,000

Acquisitions - Acquired Identif

Acquisitions - Acquired Identifiable Intangible Assets (Details) - USD ($)		7 Months Ended
	May 19, 2022	Dec. 31, 2022
Acquired Indefinite-Lived Intangible Assets [Line Items]
Acquisition date fair value		$ 221,300,000
Acquired Entities
Acquired Indefinite-Lived Intangible Assets [Line Items]
Acquisition date fair value	$ 221,313,776
Acquired Entities | Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Acquisition date fair value - favorable	$ 2,800,000
Weighted-average amortization period (years)	12 years
Acquired Entities | Channel partner relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Acquisition date fair value - favorable	$ 94,700,000
Weighted-average amortization period (years)	11 years

Acquisitions - Purchase Price o

Acquisitions - Purchase Price of Assets Acquired (Details) - Renewable Energy Projects	7 Months Ended
	Dec. 31, 2022 USD ($)
Asset Acquisition [Line Items]
Land	$ 5,111,157
Property, plant and equipment	71,156,183
Intangible assets	1,193,000
ROU asset	2,923,333
Less: Liabilities assumed	(4,111,186)
Total	$ 76,272,487

Acquisitions - Schedule of Acqu

Acquisitions - Schedule of Acquired Identifiable Intangible Assets (Details) - Renewable Energy Projects	7 Months Ended
	Dec. 31, 2022 USD ($)
Asset Acquisition [Line Items]
Acquisition date fair value - favorable	$ 1,193,000
REC contracts - favorable
Asset Acquisition [Line Items]
Acquisition date fair value - favorable	$ 1,193,000
Weighted-average amortization period (years) - favorable	20 years
PPA contracts - out-of-market
Asset Acquisition [Line Items]
Acquisition date fair value - unfavorable	$ (889,000)
Weighted-average amortization period (years) - unfavorable	20 years

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details)	7 Months Ended
	Dec. 31, 2022 USD ($)
Disaggregation of Revenue [Line Items]
Total revenue	$ 100,491,122
Less: Contract amortization, net	10,529,266
Less: Lease revenue	(6,025,782)
Less: Investment, dividend and interest income	(7,511,660)
Total revenue from contracts with customers	97,482,946
Energy sales
Disaggregation of Revenue [Line Items]
Total revenue	86,186,684
RECs and other incentives
Disaggregation of Revenue [Line Items]
Total revenue	15,409,263
Investment Management revenue
Disaggregation of Revenue [Line Items]
Total revenue	1,918,911
Other revenue
Disaggregation of Revenue [Line Items]
Total revenue	7,505,530
Contract amortization, net
Disaggregation of Revenue [Line Items]
Total revenue	$ (10,529,266)

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($)	7 Months Ended
	Dec. 31, 2022	May 19, 2022
Disaggregation of Revenue [Line Items]
Contract assets	$ 0
Receivable related to contracts with customers	19,000,000	$ 25,100,000
Contract liability	700,000
Revenue recognized on contract liability	0
Capitalized costs to obtain a contract	1,600,000
Remaining performance obligations	19,127,143
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Disaggregation of Revenue [Line Items]
Remaining performance obligations	$ 6,898,932
Remaining performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Disaggregation of Revenue [Line Items]
Remaining performance obligations	$ 4,993,097
Remaining performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Disaggregation of Revenue [Line Items]
Remaining performance obligations	$ 1,987,489
Remaining performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Disaggregation of Revenue [Line Items]
Remaining performance obligations	$ 1,855,290
Remaining performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Disaggregation of Revenue [Line Items]
Remaining performance obligations	$ 788,102
Remaining performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Disaggregation of Revenue [Line Items]
Remaining performance obligations	$ 2,604,233
Remaining performance obligations, period

Revenue - Remaining Performance

Revenue - Remaining Performance Obligations (Details)	Dec. 31, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 19,127,143
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 6,898,932
Remaining performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 4,993,097
Remaining performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 1,987,489
Remaining performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 1,855,290
Remaining performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 788,102
Remaining performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 2,604,233
Remaining performance obligations, period

Variable Interest Entities (Det

Variable Interest Entities (Details)	May 19, 2022 USD ($)	May 18, 2022	Dec. 31, 2022 USD ($) arrangement taxEquityPartnership guarantee subsidiary	Nov. 18, 2022 USD ($)	Nov. 15, 2022 USD ($)	Dec. 31, 2021 USD ($)
Variable Interest Entity [Line Items]
Number of tax equity partnerships | taxEquityPartnership			15
Assets	$ 2,543,028,469		$ 3,387,242,491			$ 1,582,559,120
Liabilities	$ 924,474,847		$ 1,596,526,638			$ 143,248,488
Aurora Solar
Variable Interest Entity [Line Items]
Equity method ownership percentage			49%
OYA Solar
Variable Interest Entity [Line Items]
Equity method ownership percentage			50%
Unfunded commitment			$ 3,900,000
Number of arrangements | arrangement			2
Number of guarantees without maximum liability amounts | guarantee			2
Number of guarantees | guarantee			3
GDEV GP | Employee
Variable Interest Entity [Line Items]
Ownership percentage hele by noncontrolling owners		25%
GDEV GP | GREC
Variable Interest Entity [Line Items]
Interest rate carried		10%
GDEV
Variable Interest Entity [Line Items]
Assets				$ 7,880,299
Liabilities				0
Ownership percentage hele by noncontrolling owners		7.37%
Maximum exposure to loss				$ 2,500,000
GDEV | Certain Officers And Other Members Of Management
Variable Interest Entity [Line Items]
Ownership percentage hele by noncontrolling owners		1%
GDEV | GREC
Variable Interest Entity [Line Items]
Interest rate carried	20%
Hurdle rate	8%
GDEV | GDEV GP
Variable Interest Entity [Line Items]
Ownership percentage hele by noncontrolling owners			3.70%
GDEV II
Variable Interest Entity [Line Items]
Maximum exposure to loss					$ 1,500,000
Investment					$ 300,000
OYA Solar
Variable Interest Entity [Line Items]
Maximum exposure to loss			$ 21,300,000
Number of subsidiaries entered into tax equity partnerships | subsidiary			3
GDEV GP
Variable Interest Entity [Line Items]
Percentage of interests acquired	75%
Acquired Entities
Variable Interest Entity [Line Items]
Fair value of the Company’s investment in GDEV (held before the Acquisition)	$ 3,768,257
GDEV
Variable Interest Entity [Line Items]
Percentage of interests acquired	2.80%
Fair value of the Company’s investment in GDEV (held before the Acquisition)	$ 1,400,000
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Assets			$ 1,300,000,000
Liabilities			$ 215,300,000

Fair Value Measurements and I_3

Fair Value Measurements and Investments - Fair Value of Assets and Liabilities (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	$ 195,839,516	$ 0
Equity method investments	92,554,266
Contingent consideration	(75,700,000)
Total	$ 212,693,782
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Derivative assets, current, Derivative assets
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	$ 0
Equity method investments	0
Contingent consideration	0
Total	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	195,839,516
Equity method investments	0
Contingent consideration	0
Total	195,839,516
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	0
Equity method investments	92,554,266
Contingent consideration	(75,700,000)
Total	$ 16,854,266

Fair Value Measurements and I_4

Fair Value Measurements and Investments - Fair Value Assets and Liabilities Using Significant Unobservable Inputs (Details) - USD ($)	5 Months Ended	7 Months Ended		12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Unrealized gain on investments, net		$ 398,479
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Unrealized Gain (Loss) on Investments		Unrealized Gain (Loss) on Investments	Unrealized Gain (Loss) on Investments
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Change in contingent consideration		(2,100,000)
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	General and administrative		General and administrative	General and administrative
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Unrealized Gain (Loss) on Investments		Unrealized Gain (Loss) on Investments	Unrealized Gain (Loss) on Investments
Fair Value, Net Assets (Liabilities) Measured On Recurring Basis, Unobservable Input Reconciliation [Table]
Beginning balance		90,425,067
Acquired and consolidated in the Acquisition		(35,012,372)
Purchases		34,801,034
Sales and deconsolidation		(71,657,942)
Unrealized gain on investments, net		398,479
Change in contingent consideration		(2,100,000)
Ending balance		16,854,266	$ 16,854,266
Contingent consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance		0
Acquired and consolidated in the Acquisition		(73,600,000)
Purchases		0
Sales and deconsolidation		0
Change in contingent consideration		(2,100,000)
Ending balance		(75,700,000)	(75,700,000)
Fair Value, Net Assets (Liabilities) Measured On Recurring Basis, Unobservable Input Reconciliation [Table]
Change in contingent consideration		(2,100,000)
Other investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance		3,846,586
Acquired and consolidated in the Acquisition		38,587,628
Purchases		29,326,673
Sales and deconsolidation		(73,632,120)
Unrealized gain on investments, net		1,871,233
Ending balance		0	0
Fair Value, Net Assets (Liabilities) Measured On Recurring Basis, Unobservable Input Reconciliation [Table]
Unrealized gain on investments, net		1,871,233
Equity method investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance		86,578,481
Acquired and consolidated in the Acquisition		0
Purchases		5,474,361
Sales and deconsolidation		1,974,178
Unrealized gain on investments, net		(1,472,754)
Ending balance		92,554,266	$ 92,554,266
Fair Value, Net Assets (Liabilities) Measured On Recurring Basis, Unobservable Input Reconciliation [Table]
Unrealized gain on investments, net		$ (1,472,754)

Fair Value Measurements and I_5

Fair Value Measurements and Investments - Schedule of Quantitative Information about Level 3 Fair Value Measurements (Details) - Level 3	Dec. 31, 2022 year
Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.1100
Discount Rate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input	0.0680
Discount Rate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input	0.0780
Discount Rate | Median
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input	0.0730
Degradation In Production
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input	0.0050
Useful Life
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input	29.5
Risk-Free Rate Over Earnout Term
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.0410
Annualized Revenue Volatility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.4250
Annualized Share Price Volatility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.2750
Quarterly Revenue / Share Price Correlation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.4500

Fair Value Measurements and I_6

Fair Value Measurements and Investments - Narrative (Details) - USD ($)	1 Months Ended	5 Months Ended	6 Months Ended	7 Months Ended	12 Months Ended
	Dec. 31, 2022	May 18, 2022	Nov. 17, 2022	Dec. 31, 2022	Dec. 31, 2021
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity method investments	$ 92,554,266			$ 92,554,266
Net unrealized gain (loss) on investments		$ 13,647,821		398,479	$ 56,023,470
Change in fair value of contingent consideration				2,100,000
GDEV
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unfunded commitments	1,000,000			1,000,000
Equity method investments	2,300,000			2,300,000
Net unrealized gain (loss) on investments			$ 1,900,000
GDEV II
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unfunded commitments	1,300,000			1,300,000
Equity method investments	300,000			300,000
OYA Solar
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity method investments	18,600,000			18,600,000
Aurora Solar
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity method investments	71,300,000			71,300,000
Net unrealized gain (loss) on investments				$ (1,700,000)
GDEV GP
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net unrealized gain (loss) on investments	$ 0

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2022	May 19, 2022
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,921,324,749
Accumulated depreciation	(31,619,220)
Property, plant and equipment, net	1,889,705,529	$ 1,522,994,919
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	16,320,841
Plant and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	1,874,201,117
Asset retirement obligation
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	30,483,255
Other
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 319,536

Property, Plant and Equipment_2

Property, Plant and Equipment - Narrative (Details) $ in Millions	7 Months Ended
	Dec. 31, 2022 USD ($)
Property, Plant and Equipment [Abstract]
Construction in progress	$ 396.2
Development costs	116.6
Depreciation expense	$ 31.6

Goodwill, Other Intangible As_3

Goodwill, Other Intangible Assets and Out-of-market Contracts - Narrative (Details)	7 Months Ended
	Dec. 31, 2022 USD ($) category	May 19, 2022 USD ($)
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 221,313,776
Number of categories of intangible assets | category	2
Amortization expense related to intangible assets	$ 26,300,000
Contract amortization contra-expense	9,100,000
Total revenue	(100,491,122)
Contract amortization, net
Finite-Lived Intangible Assets [Line Items]
Total revenue	10,529,266
Acquired Entities
Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 221,313,776
Power Purchase Agreements and Renewable Energy Credits
Finite-Lived Intangible Assets [Line Items]
Amortization expense related to intangible assets	$ 19,600,000

Goodwill, Other Intangible As_4

Goodwill, Other Intangible Assets and Out-of-market Contracts - Schedule of Other Intangible Assets (Details)	Dec. 31, 2022 USD ($)
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 566,911,642
Accumulated amortization	(26,290,678)
Total	540,620,964
PPA contracts
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	422,176,259
Accumulated amortization	(18,459,864)
Total	403,716,395
REC contracts
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	46,235,383
Accumulated amortization	(1,164,753)
Total	45,070,630
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	2,800,000
Accumulated amortization	(466,667)
Total	2,333,333
Channel partner relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	94,700,000
Accumulated amortization	(6,199,394)
Total	88,500,606
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,000,000
Accumulated amortization	0
Total	$ 1,000,000

Goodwill, Other Intangible As_5

Goodwill, Other Intangible Assets and Out-of-market Contracts - Schedule of Out-Of-Market Contracts (Details)	Dec. 31, 2022 USD ($)
Finite-Lived Out-of-Market Contracts, Intangible Liabilities [Line Items]
Gross carrying amount	$ (227,207,672)
Accumulated amortization	9,095,351
Net out-of-market contracts	(218,112,321)
PPA contracts
Finite-Lived Out-of-Market Contracts, Intangible Liabilities [Line Items]
Gross carrying amount	(198,445,904)
Accumulated amortization	4,881,935
Net out-of-market contracts	(193,563,969)
PPA contracts - signed MIPA assets
Finite-Lived Out-of-Market Contracts, Intangible Liabilities [Line Items]
Gross carrying amount	(5,401,517)
Accumulated amortization	0
Net out-of-market contracts	(5,401,517)
REC contracts
Finite-Lived Out-of-Market Contracts, Intangible Liabilities [Line Items]
Gross carrying amount	(19,763,291)
Accumulated amortization	4,213,416
Net out-of-market contracts	(15,549,875)
REC contracts - signed MIPA assets
Finite-Lived Out-of-Market Contracts, Intangible Liabilities [Line Items]
Gross carrying amount	(3,596,960)
Accumulated amortization	0
Net out-of-market contracts	$ (3,596,960)

Goodwill, Other Intangible As_6

Goodwill, Other Intangible Assets and Out-of-market Contracts - Estimated Future Annual Amortization Expense (Details)	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 26,911,723
2024	28,529,561
2025	30,792,701
2026	30,931,996
2027	31,145,578
Thereafter	174,197,084
Total	$ 322,508,643

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($)	7 Months Ended
	Dec. 31, 2022	May 19, 2022	Jan. 01, 2022	Dec. 31, 2021
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]
Operating lease cost	$ 6,110,415
Operating lease cost capitalized during development and construction	$ 700,000
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other noncurrent assets	Other noncurrent assets	Other noncurrent assets	Other noncurrent assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities		Other current liabilities
Variable lease income	$ 6,000,000
PPA contracts
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]
Operating lease cost	400,000
Solar And Wind Generating Plants
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]
Carrying value	$ 67,400,000
Minimum
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]
Lease term (in years)	1 year
Maximum
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]
Lease term (in years)	50 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense and Supplemental Cash Flow Information (Details)	7 Months Ended
	Dec. 31, 2022 USD ($)
Lease cost
Operating lease cost	$ 6,110,415
Short-term lease cost	131,089
Variable lease cost	643,641
Total lease cost	6,885,145
Cash paid for amounts included in the measurement of lease liabilities
Cash paid for amounts included in the measurement of lease liabilities	3,676,200
Operating cash flows from operating leases	(3,676,200)
ROU assets obtained in exchange for new operating lease liabilities	$ 110,412,328
Weighted-average remaining lease term - operating leases (in years)	28 years
Weighted average discount rate – operating leases	6.73%

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($)	Dec. 31, 2022	May 19, 2022	Jan. 01, 2022
Operating leases
Operating lease assets	$ 102,594,813	$ 95,100,000	$ 200,000
Operating lease liabilities, current	(2,193,343)	(1,200,000)
Operating lease liabilities, noncurrent	(101,281,144)	$ (93,500,000)
Total operating lease liabilities	$ (103,474,487)		$ (200,000)

Leases - Maturities of Operatin

Leases - Maturities of Operating Leases (Details) - USD ($)	Dec. 31, 2022	Jan. 01, 2022
Operating Leases
2023	$ 8,541,786
2024	8,609,098
2025	8,538,998
2026	8,538,259
2027	8,573,244
Thereafter	200,218,632
Total lease payments	243,020,017
Less: Imputed interest	(139,545,530)
Present value of lease liabilities	$ 103,474,487	$ 200,000

Debt - Schedule of Credit Facil

Debt - Schedule of Credit Facilities and Loan Agreements (Details) - USD ($)							7 Months Ended
	Nov. 29, 2022	Jul. 26, 2022	Nov. 25, 2021	Apr. 01, 2021	Feb. 01, 2021	Feb. 28, 2017	Dec. 31, 2022	May 19, 2022	Dec. 31, 2021	Nov. 30, 2021	Apr. 24, 2019
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 987,089,056		$ 82,151,509
Less: Current portion of long-term debt							(95,869,554)
Less: Discount on long-term debt							(28,628,520)	$ (29,600,000)
Less: Deferred financing fees							(11,830,541)
Total long-term debt, net							850,760,441	$ 501,200,081
GREC Entity HoldCo | Secured Debt
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 74,196,983
GREC Entity HoldCo | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)			1.75%				1.75%
Midway III Manager LLC | Secured Debt
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 14,609,867
Midway III Manager LLC | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)							1.63%
Trillium Manager LLC | Construction, Revolving And Term Loans
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 72,736,786
Trillium Manager LLC | Construction, Revolving And Term Loans | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)							1.88%
GB Wind Holdco LLC | Secured Debt
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 122,684,036
GB Wind Holdco LLC | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)							1.38%
Greenbacker Wind Holdings II LLC | Loans Payable
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 72,476,839
Greenbacker Wind Holdings II LLC | Loans Payable | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)							1.88%
Conic Manager LLC | Loans Payable
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 24,356,358
Conic Manager LLC | Loans Payable | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)				1.75%			1.75%
Turquoise Manager LLC | Secured Debt
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 31,687,423
Turquoise Manager LLC | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)							1.25%
Eagle Valley Clean Energy LLC | Loans Payable
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 35,112,342
Interest rate							1.91%				1.91%
Eagle Valley Clean Energy LLC (Premium financing agreement) | Premium Financing Loan
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 1,063,438
Interest rate							6.99%			6.99%
Greenbacker Equipment Acquisition Company LLC | Equipment Financing Line
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 6,500,000
Greenbacker Equipment Acquisition Company LLC | Equipment Financing Line | Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)					1%		1%
ECA Finco I, LLC | Loans Payable
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 19,756,803
ECA Finco I, LLC | Loans Payable | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)							2.25%
GB Solar TE 2020 Manager LLC | Secured Debt
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 19,182,430
GB Solar TE 2020 Manager LLC | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)							1.88%
Sego Lily Solar Manager LLC | Secured Debt
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 137,445,285
Sego Lily Solar Manager LLC | Secured Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)							1.38%
Celadon Manager LLC | Secured Debt
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 61,925,120
Celadon Manager LLC | Secured Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)							1.50%
GRP II Borealis Solar LLC | Secured Debt
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 41,787,517
GRP II Borealis Solar LLC | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)						2.50%	2.50%
Ponderosa Manager LLC | Construction Loan
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 147,080,167
Ponderosa Manager LLC | Construction Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)		1.10%					1.10%
PRC Nemasket LLC | Loans Payable
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 44,487,662
PRC Nemasket LLC | Loans Payable | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)							1.25%
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, outstanding balance									$ 0
Revolving Credit Facility | GREC Holdings 1 LLC | Line of Credit
Debt Instrument [Line Items]
Long-term debt, outstanding balance							$ 60,000,000
Revolving Credit Facility | GREC Holdings 1 LLC | Line of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)	0.10%						1.75%

Debt - Narrative (Details)

Debt - Narrative (Details)

7 Months Ended

Nov. 29, 2022 USD ($)

Nov. 01, 2022 USD ($)

Jul. 26, 2022 USD ($)

Jun. 09, 2022 project

Feb. 18, 2022 USD ($)

Nov. 25, 2021

Apr. 01, 2021 USD ($)

Feb. 25, 2021

Feb. 19, 2021

Feb. 01, 2021 USD ($)

Dec. 23, 2020

Oct. 30, 2020 USD ($)

Jun. 09, 2020 USD ($)

Nov. 22, 2019

Apr. 24, 2019 USD ($)

Feb. 28, 2017 USD ($)

Dec. 31, 2022

Dec. 31, 2021 USD ($)

Nov. 30, 2021 USD ($)

Sep. 28, 2021 USD ($)

Debt Instrument [Line Items]

Face amount of debt

$ 82,151,509

GREC Entity HoldCo | Secured Debt | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.75%

1.75%

Midway III Manager LLC | Secured Debt | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.63%

Midway III Manager LLC | Secured Debt | London Interbank Offered Rate (LIBOR) | Variable Rate, First Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.50%

Midway III Manager LLC | Secured Debt | London Interbank Offered Rate (LIBOR) | Variable Rate, Second Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.63%

Trillium Manager LLC | Construction, Revolving And Term Loans

Debt Instrument [Line Items]

Term of debt (in years)

2 years

Trillium Manager LLC | Construction, Revolving And Term Loans | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.88%

Trillium Manager LLC | Construction, Revolving And Term Loans | London Interbank Offered Rate (LIBOR) | Variable Rate, First Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.88%

Trillium Manager LLC | Construction, Revolving And Term Loans | London Interbank Offered Rate (LIBOR) | Variable Rate, Second Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

2%

Trillium Manager LLC | Construction, Revolving And Term Loans | London Interbank Offered Rate (LIBOR) | Variable Rate, Increase Per Annum

Debt Instrument [Line Items]

Increase to interest rate

0.13%

Trillium Manager LLC | Construction, Revolving And Term Loans | Maximum

Debt Instrument [Line Items]

Face amount of debt

$ 100,000,000

GB Wind Holdco LLC | Secured Debt | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.38%

GB Wind Holdco LLC | Secured Debt | London Interbank Offered Rate (LIBOR) | Variable Rate, First Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.38%

GB Wind Holdco LLC | Secured Debt | London Interbank Offered Rate (LIBOR) | Variable Rate, Second Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.50%

GB Wind Holdco LLC | Secured Debt | London Interbank Offered Rate (LIBOR) | Variable Rate, Increase Per Annum

Debt Instrument [Line Items]

Increase to interest rate

0.13%

Greenbacker Wind Holdings II LLC | Loans Payable | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.88%

Greenbacker Wind Holdings II LLC | Loans Payable | London Interbank Offered Rate (LIBOR) | Variable Rate, First Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.88%

Greenbacker Wind Holdings II LLC | Loans Payable | London Interbank Offered Rate (LIBOR) | Variable Rate, Second Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

2%

Conic Manager LLC | Loans Payable | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.75%

1.75%

Turquoise Manager LLC | Secured Debt | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.25%

Turquoise Manager LLC | Secured Debt | London Interbank Offered Rate (LIBOR) | Variable Rate, First Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.25%

Turquoise Manager LLC | Secured Debt | London Interbank Offered Rate (LIBOR) | Variable Rate, Second Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.38%

Eagle Valley Clean Energy LLC | Loans Payable

Debt Instrument [Line Items]

Term of debt (in years)

30 years

Interest rate

1.91%

1.91%

Eagle Valley Clean Energy LLC | Loans Payable | Minimum

Debt Instrument [Line Items]

Quarterly interest payment

$ 85,000

Eagle Valley Clean Energy LLC (Premium financing agreement) | Premium Financing Loan

Debt Instrument [Line Items]

Face amount of debt

$ 1,200,000

Interest rate

6.99%

6.99%

Greenbacker Equipment Acquisition Company LLC | Equipment Financing Line | Prime Rate

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1%

1%

Greenbacker Equipment Acquisition Company LLC | Equipment Financing Line | Maximum

Debt Instrument [Line Items]

Face amount of debt

$ 6,500,000

ECA Finco I, LLC | Loans Payable | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

2.25%

ECA Finco I, LLC | Loans Payable | London Interbank Offered Rate (LIBOR) | Variable Rate, First Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

2.25%

ECA Finco I, LLC | Loans Payable | London Interbank Offered Rate (LIBOR) | Variable Rate, Second Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

2.50%

GB Solar TE 2020 Manager LLC | Secured Debt | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.88%

GB Solar TE 2020 Manager LLC | Secured Debt | London Interbank Offered Rate (LIBOR) | Variable Rate, First Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.88%

GB Solar TE 2020 Manager LLC | Secured Debt | London Interbank Offered Rate (LIBOR) | Variable Rate, Second Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

2%

GB Solar TE 2020 Manager LLC | Secured Debt | London Interbank Offered Rate (LIBOR) | Variable Rate, Increase Per Annum

Debt Instrument [Line Items]

Increase to interest rate

0.13%

GB Solar TE 2020 Manager LLC | Secured Debt | Maximum

Debt Instrument [Line Items]

Face amount of debt

$ 19,600,000

Sego Lily Solar Manager LLC | Secured Debt

Debt Instrument [Line Items]

Number of additional operating projects | project

2

Sego Lily Solar Manager LLC | Secured Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.38%

Sego Lily Solar Manager LLC | Secured Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Variable Rate, First Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.38%

Sego Lily Solar Manager LLC | Secured Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Variable Rate, Second Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.50%

Sego Lily Solar Manager LLC | Secured Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Variable Rate, Increase Per Annum

Debt Instrument [Line Items]

Increase to interest rate

0.13%

Celadon Manager LLC | Secured Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.50%

Celadon Manager LLC | Secured Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Variable Rate, First Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.50%

Celadon Manager LLC | Secured Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Variable Rate, Second Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.63%

Celadon Manager LLC | Secured Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Variable Rate, Increase Per Annum

Debt Instrument [Line Items]

Increase to interest rate

0.13%

Celadon Manager LLC | Secured Debt | Maximum

Debt Instrument [Line Items]

Face amount of debt

$ 71,000,000

GRP II Borealis Solar LLC | Secured Debt | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

2.50%

2.50%

GRP II Borealis Solar LLC | Secured Debt | Maximum

Debt Instrument [Line Items]

Face amount of debt

$ 60,000,000

Ponderosa Manager LLC | Construction Loan

Debt Instrument [Line Items]

Margin rate

1%

Ponderosa Manager LLC | Construction Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.10%

1.10%

Index rate adjustment

0.10%

Ponderosa Manager LLC | Construction Loan | Maximum

Debt Instrument [Line Items]

Face amount of debt

$ 173,400,000

PRC Nemasket LLC | Loans Payable | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.25%

PRC Nemasket LLC | Loans Payable | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Variable Rate, First Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.25%

PRC Nemasket LLC | Loans Payable | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Variable Rate, Second Timeframe

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.38%

PRC Nemasket LLC | Loans Payable | Maximum

Debt Instrument [Line Items]

Face amount of debt

$ 45,000,000

Letter of Credit | Trillium Manager LLC | Line of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 5,000,000

Letter of Credit | PRC Nemasket LLC | Line of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 2,500,000

Revolving Credit Facility

Debt Instrument [Line Items]

Face amount of debt

$ 0

Maximum borrowing capacity

$ 32,500,000

Revolving Credit Facility | Conic Manager LLC | Line of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 24,400,000

Commitment fee percentage

0.30%

Revolving Credit Facility | GREC Holdings 1 LLC | Line of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 150,000,000

Increase of credit

$ 50,000,000

Revolving Credit Facility | GREC Holdings 1 LLC | Line of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

0.10%

1.75%

Revolving Credit Facility | GREC Holdings 1 LLC | Line of Credit | Greatest Of Prime Rate, Index Floor Or Federal Funds Rate

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

0.50%

Revolving Credit Facility | GREC Holdings 1 LLC | Line of Credit | Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.75%

Revolving Credit Facility | GREC Holdings 1 LLC | Line of Credit | Minimum | Greatest Of Prime Rate, Index Floor Or Federal Funds Rate

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

0.75%

Revolving Credit Facility | GREC Holdings 1 LLC | Line of Credit | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

2%

Revolving Credit Facility | GREC Holdings 1 LLC | Line of Credit | Maximum | Greatest Of Prime Rate, Index Floor Or Federal Funds Rate

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1%

Debt - Schedule of Components o

Debt - Schedule of Components of Interest Expense (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Loan interest		$ 16,092,601
Commitment / letter of credit fees	$ 136,171	2,013,308	$ 423,075
Amortization of deferred financing costs	$ 520,183	1,532,817	$ 905,959
Amortization of discount on notes payable		943,556
Interest capitalized		(4,614,299)
Total		$ 15,967,983

Debt - Schedule of Principal Pa

Debt - Schedule of Principal Payments Due on Borrowings (Details)	Dec. 31, 2022 USD ($)
Debt Disclosure [Abstract]
2023	$ 100,174,824
2024	37,846,974
2025	103,930,544
2026	109,250,321
2027	284,224,979
Thereafter	351,661,414
Total	$ 987,089,056

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($)	7 Months Ended
	Dec. 31, 2022	May 19, 2022	Dec. 31, 2021
Derivative [Line Items]
Fixed swap rate			1.60%
Cash flow hedge in asset position		$ 123,300,000
Increase in interest expense for recognition of interest rate hedge	$ 1,700,000
Derivative assets	195,839,516		$ 0
Notional amount			284,700,000
Unrealized gain on derivatives designated as cash flow hedges, before reclassification, net of tax	54,400,000
Taxes related to cash flow hedges	20,000,000
Gain to be reclassified to income	24,400,000
Loss to be reclassified	12,400,000
Payments of cash collateral	1,700,000
Interest rate swap contracts
Derivative [Line Items]
Net realized losses on swap contracts	1,300,000
Interest rate swap contracts | Interest Rate Risk
Derivative [Line Items]
Derivative assets			$ 0
Interest rate swap contracts
Derivative [Line Items]
Derivative assets	195,839,516
Notional amount	1,500,000,000
Cash flow hedge loss, reclassified to income	4,200,000
Interest Rate Swap, Effective
Derivative [Line Items]
Notional amount	700,800,000
Interest Rate Swap, Forward Starting
Derivative [Line Items]
Notional amount	542,300,000
Interest Rate Swap, Deal Contingent
Derivative [Line Items]
Notional amount	$ 284,700,000
Minimum
Derivative [Line Items]
Fixed swap rate	0.61%
Maximum
Derivative [Line Items]
Fixed swap rate	3.21%

Derivative Instruments - Estima

Derivative Instruments - Estimated Fair Value Positions of Derivative Contracts (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Fair Value - Assets	$ 195,839,516	$ 0
Fair Value - (Liabilities)		$ (7,501,983)
Interest rate swap contracts
Derivatives, Fair Value [Line Items]
Outstanding notional amount	1,527,813,754
Fair Value - Assets	195,839,516
Fair Value - (Liabilities)	$ 0

Asset Retirement Obligations (D

Asset Retirement Obligations (Details)	7 Months Ended
	Dec. 31, 2022 USD ($)
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Beginning balance	$ 29,383,847
Revisions in estimates for current obligations	0
Asset retirement obligation settled during current period	0
Asset retirement obligation incurred during current period	1,165,035
Accretion expense	863,956
Ending balance	$ 31,412,838

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	7 Months Ended
	Dec. 31, 2022 USD ($) agreement	Dec. 31, 2021 USD ($)
Other Commitments [Line Items]
Number of forward sales agreements | agreement	2
Percentage of sales commitment	100%
Commitment to fund construction of facilities
Other Commitments [Line Items]
Funding commitment	$ 157.5
PPA - Signed MIPA
Other Commitments [Line Items]
Funding commitment	$ 943.4
Minimum | PPA contracts
Other Commitments [Line Items]
Power purchase agreement, term of contract (in years)	1 year
Maximum | PPA contracts
Other Commitments [Line Items]
Power purchase agreement, term of contract (in years)	5 years
Standby Letters of Credit
Other Commitments [Line Items]
Maximum borrowing capacity	$ 109.3
Draw down under letters of credit	0
Parent Company Guarantees
Other Commitments [Line Items]
Guarantor obligations	$ 452.3
Parent Company Guarantees
Other Commitments [Line Items]
Guarantor obligations		$ 114.4

Commitments and Contingencies_3

Commitments and Contingencies - Future Commitments Under Renewable Energy Contracts (Details)	Dec. 31, 2022 renewableEnergyCredit
Commitments and Contingencies Disclosure [Abstract]
2023	181,877
2024	176,050
2025	59,435
2026	55,291
2027	27,823
Thereafter	201,643
Total	702,119

Related Parties - Narrative (De

Related Parties - Narrative (Details)			1 Months Ended	2 Months Ended	6 Months Ended	7 Months Ended
	May 19, 2022 uSDPerHour	May 18, 2022 entity shares	Dec. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)	Nov. 17, 2022 USD ($)	Dec. 31, 2022 USD ($)
Related Party Agreements and Transactions Agreements
Other capital activity						$ (1,098,718)
Liquidation performance participation fee, percentage of net proceeds in excess of adjusted capital						0.2000
Liquidation performance participation fee payable, term (in days)						30 days
Greenbacker Capital Management LLC
Related Party Agreements and Transactions Agreements
Other capital activity						$ (200,000)
Affiliated Entity | Special unitholder
Related Party Agreements and Transactions Agreements
Liquidation performance participation fee, percentage of net proceeds in excess of adjusted capital		0.200
Liquidation performance participation fee payable, term (in days)		30 days
Affiliated Entity | Greenbacker Administration
Related Party Agreements and Transactions Agreements
Fee (usd per hour) | uSDPerHour	200
Affiliated Entity | GREC
Related Party Agreements and Transactions Agreements
Maximum term to file with Securities Exchange Commission (in months)	12 months
Affiliated Entity | Greenbacker Capital Management LLC
Related Party Agreements and Transactions Agreements
Number of investment entities | entity		4
Affiliated Entity | GROZ
Related Party Agreements and Transactions Agreements
Base management fee payable, monthly rate			0.125%	0.125%		0.125%
Base management fee payable, annual rate			1.50%	1.50%		1.50%
Management fee payable			$ 100,000	$ 100,000		$ 100,000
Affiliated Entity | GROZ | Management Service, Base
Related Party Agreements and Transactions Agreements
Management fees						$ 200,000
Affiliated Entity | GDEV and GDEV B
Related Party Agreements and Transactions Agreements
Base management fee payable, annual rate			2%	2%		2%
Affiliated Entity | GDEV
Related Party Agreements and Transactions Agreements
Management fee payable			$ 0	$ 0		$ 0
Affiliated Entity | GDEV | Management Service, Base
Related Party Agreements and Transactions Agreements
Management fees			200,000
Affiliated Entity | GDEV | Management Service, Base | Consolidation, Eliminations
Related Party Agreements and Transactions Agreements
Management fees					$ 900,000
Affiliated Entity | GDEV B
Related Party Agreements and Transactions Agreements
Management fee payable			$ 600,000	$ 600,000		600,000
Affiliated Entity | GDEV B | Management Service, Base
Related Party Agreements and Transactions Agreements
Management fees						$ 400,000
Affiliated Entity | GDEV II
Related Party Agreements and Transactions Agreements
Base management fee payable, annual rate			2%	2%		2%
Management fee payable			$ 200,000	$ 200,000		$ 200,000
Affiliated Entity | GDEV II | Management Service, Base
Related Party Agreements and Transactions Agreements
Management fees				$ 200,000
Affiliated Entity | GREC II
Related Party Agreements and Transactions Agreements
Base management fee payable, monthly rate			1.25%	1.25%		1.25%
Management fee payable			$ 900,000	$ 900,000		$ 900,000
Affiliated Entity | GREC II | Management Service, Base
Related Party Agreements and Transactions Agreements
Management fees						0
Affiliated Entity | GREC II | Management Service, Incentive
Related Party Agreements and Transactions Agreements
Management fees						900,000
Affiliated Entity | AEC Companies
Related Party Agreements and Transactions Agreements
Lease receivable			100,000	100,000		100,000
Loan receivable			$ 300,000	$ 300,000		300,000
Payments received on operating lease and loan receivable						$ 100,000
Class A shares | Greenbacker Capital Management LLC
Related Party Agreements and Transactions Agreements
Common unit, issued (in shares) | shares		23,601
Class P-D shares | Greenbacker Capital Management LLC
Related Party Agreements and Transactions Agreements
Common unit, issued (in shares) | shares		2,776

Related Parties - Schedule of R

Related Parties - Schedule of Related Party Transactions (Details) - Affiliated Entity - GREC II $ in Millions	Dec. 31, 2022 USD ($)
Related Party Transaction [Line Items]
Base management fee payable, monthly rate	1.25%
Class I, Class D, Class T And Class S | Related Party Transaction, Fee Arrangement, Scenario One
Related Party Transaction [Line Items]
Aggregate NAV (Class I, Class D, Class T, and Class S shares)	$ 1,500
Base management fee payable, annual rate	1.75%
Base management fee payable, monthly rate	0.15%
Class I, Class D, Class T And Class S | Related Party Transaction, Fee Arrangement, Scenario Two
Related Party Transaction [Line Items]
Aggregate NAV (Class I, Class D, Class T, and Class S shares)	$ 1,500
Base management fee payable, annual rate	1.50%
Base management fee payable, monthly rate	0.13%

Income Taxes - Schedule of Cons

Income Taxes - Schedule of Consolidated Income Tax Provision (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Deferred
Federal	$ 6,514,622	$ 984,603	$ 5,075,307
State	2,393,271	2,019,115	2,946,388
Foreign	0	1,401	0
Deferred provision for income taxes	$ 8,907,893	$ 3,005,119	$ 8,838,957

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Tax Rate Reconciliation (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Amount
Tax (benefit) at statutory U.S. federal income tax rate	$ 8,320,219	$ (12,001,750)	$ 10,890,547
State income taxes, net of federal benefit	1,890,684	937,456	2,253,655
Noncontrolling interest		12,482,232
Share-based compensation		1,441,163
Federal tax credits	(1,887,459)	(2,100,381)	(3,953,587)
Change in valuation allowance	0	657,644	817,262
Permanent differences (GREC LLC and other - net)	624,645	1,588,755	347,555
Provision for income taxes	$ 8,907,893	$ 3,005,119	$ 8,838,957
Percentage
Tax (benefit) at statutory U.S. federal income tax rate	21%	21%	21%
State income taxes, net of federal benefit	4.80%	(1.60%)	4.30%
Noncontrolling interest		(21.80%)
Share-based compensation		(2.50%)
Federal tax credits	(4.80%)	3.70%	(7.60%)
Change in valuation allowance	0%	(1.20%)	1.60%
Permanent differences (GREC LLC and other - net)	1.60%	(2.80%)	0.70%
Effective tax rate	22.50%	(5.20%)	17%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets (Liabilities) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Net operating losses	$ 98,911,035	$ 60,652,197
Federal tax credits	16,251,724	11,996,064
Operating lease liabilities	14,281,891
Asset retirement obligations	5,286,656
Disallowed interest	5,027,580	4,731,734
Other	3,570,566
Total deferred tax assets	143,329,452
Less: Valuation allowance	(2,170,000)	(1,512,356)
Deferred tax assets, net of valuation allowance	141,159,452
Investments in flow-through entities taxed as partnerships	(41,666,863)
Derivative assets	(51,568,960)
Property, plant, and equipment	(48,090,012)
Intangibles	(64,833,949)
Operating lease assets	(14,070,292)
Long-term debt	(4,657,929)
Total deferred tax liabilities	(224,888,005)	(25,194,740)
Deferred tax liabilities, net	$ 83,728,553	$ 26,707,096

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Tax Credit Carryforward [Line Items]
Deferred tax liabilities, net	$ 83,728,553	$ 26,707,096
Deferred tax liabilities, net of allowance	85,654,803	26,707,096
Deferred tax assets, net	1,900,000
Partial valuation allowance against deferred tax assets	2,170,000	$ 1,512,356
Domestic Tax Authority
Tax Credit Carryforward [Line Items]
Federal net operating loss carryforwards	372,100,000
Operating loss carryforwards not subject to expiration	322,600,000
Operating loss carryforwards, subject to expiration	49,500,000
Tax credit carryforwards, subject to expiration	16,300,000
State and Local Jurisdiction
Tax Credit Carryforward [Line Items]
Federal net operating loss carryforwards	383,200,000
Operating loss carryforwards not subject to expiration	40,800,000
Operating loss carryforwards, subject to expiration	$ 342,400,000

Noncontrolling Interests and _2

Noncontrolling Interests and Redeemable Noncontrolling Interests (Details) - USD ($)	6 Months Ended	7 Months Ended
	Nov. 17, 2022	Dec. 31, 2022	May 19, 2022	May 18, 2022
Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests		$ 2,034,000		$ 2,034,000
Net income (loss) attributable to noncontrolling interest		(59,439,202)
Contributions from noncontrolling interests		104,549,810
Distributions to noncontrolling interest		13,944,987
Payments to noncontrolling interests		11,150,952
Noncontrolling interests		84,007,911	$ 74,813,714
Tax equity contributions		104,848,470
Tax Equity Investors
Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests		2,000,000
Nonredeemable noncontrolling interest		83,300,000
Net income (loss) attributable to noncontrolling interest		(60,700,000)
Contributions from noncontrolling interests		82,700,000
Distributions to noncontrolling interest		11,400,000
Payments to noncontrolling interests		8,600,000
Tax equity contributions		82,700,000
GDEV GP
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interest		0
Noncontrolling interests		500,000
GDEV GP II
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interest		0
Noncontrolling interests		0
GDEV
Noncontrolling Interest [Line Items]
Net income (loss) attributable to noncontrolling interest	$ 1,200,000
Contributions from noncontrolling interests	22,200,000
Payments to noncontrolling interests	2,600,000
Noncontrolling interests		0
Tax equity contributions	$ 22,200,000
Other Noncontrolling Interest
Noncontrolling Interest [Line Items]
Noncontrolling interests		$ 200,000

Members' Equity - Narrative (De

Members' Equity - Narrative (Details)			1 Months Ended	5 Months Ended	7 Months Ended
	May 19, 2022 shares	Nov. 30, 2020 USD ($)	Dec. 31, 2022 USD ($) shares	May 18, 2022 shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 shares
Distribution Made to Limited Partner [Line Items]
Total shares authorized (in shares)			400,000,000		400,000,000
Common shares, shares authorized (in shares)			350,000,000		350,000,000	350,000,000
Preferred stock, shares authorized (in shares)			50,000,000		50,000,000	50,000,000
Preferred shares, shares issued (in shares)			0		0	0
Preferred shares, shares outstanding (in shares)			0		0	0
Shares offered, DRP | $		$ 20,000,000
Liquidation performance participation fee, percentage of net proceeds in excess of adjusted capital					0.2000
Liquidation performance participation fee payable, term (in days)					30 days
Liquidation performance participation payable | $			$ 0		$ 0
Compensation expense | $					$ 0
Distribution Reinvestment Plan
Distribution Made to Limited Partner [Line Items]
Shares offered, DRP | $		$ 20,000,000
Minimum written notice period for termination (in days)				10 days	10 days
Shares issued (in shares)			7,334,297	5,544,247	7,334,297	4,680,971
Common Class EO | Acquired Entities
Distribution Made to Limited Partner [Line Items]
Earnout shares (in shares)	13,071,153
Common Class EO | Acquired Entities | Tranche 1 Earnout Shares
Distribution Made to Limited Partner [Line Items]
Earnout shares (in shares)	4,357,051
Common Class EO | Acquired Entities | Tranche 2 Earnout Shares
Distribution Made to Limited Partner [Line Items]
Earnout shares (in shares)	4,357,051
Common Class EO | Acquired Entities | Tranche 3 Earnout Shares
Distribution Made to Limited Partner [Line Items]
Earnout shares (in shares)	4,357,051
Class A shares | Distribution Reinvestment Plan
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)			2,854,508	2,576,038	2,854,508	2,438,154
Class C shares | Distribution Reinvestment Plan
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)			501,816	440,664	501,816	409,657
Class I shares | Distribution Reinvestment Plan
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)			1,387,945	1,230,403	1,387,945	1,152,785
Class P-A shares | Distribution Reinvestment Plan
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)			48,899	27,032	48,899	16,432
Class P-I shares | Distribution Reinvestment Plan
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)			1,592,476	782,189	1,592,476	411,369
Class P-I shares | Acquired Entities
Distribution Made to Limited Partner [Line Items]
Equity consideration (in shares)	24,365,133		27,892		24,393,025
Class P-D shares | Distribution Reinvestment Plan
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)			2,380	1,543	2,380	1,143
Class P-S shares | Distribution Reinvestment Plan
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)			938,083	482,055	938,083	248,961
Class P-T shares | Distribution Reinvestment Plan
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)			8,190	4,323	8,190	2,470

Members' Equity - Schedule of S

Members' Equity - Schedule of Shares Issued and Outstanding (Details) - shares	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	165,387,519	177,455,448
Shares Issued to Complete the Acquisition (in shares)		24,393,025
Other Capital Activity (in shares)		19,287
Shares Issued through Reinvestment of Distributions During the Period (in shares)	863,276	1,790,050	1,418,253
Shares Repurchased During the Period (in shares)	(720,146)	(5,614,980)	(2,538,197)
Stock Transferred During the Period (in shares)		1,580	(1,308)
Ending balance (in shares)	177,455,448	198,044,410	165,387,519
Class A shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	16,580,558	16,626,973
Shares Issued to Complete the Acquisition (in shares)		0
Other Capital Activity (in shares)		(23,601)
Shares Issued through Reinvestment of Distributions During the Period (in shares)	137,884	278,470	413,371
Shares Repurchased During the Period (in shares)	(91,469)	(740,845)	(661,926)
Stock Transferred During the Period (in shares)		0	(15,016)
Ending balance (in shares)	16,626,973	16,140,997	16,580,558
Class C shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	2,741,963	2,766,760
Shares Issued to Complete the Acquisition (in shares)		0
Other Capital Activity (in shares)		0
Shares Issued through Reinvestment of Distributions During the Period (in shares)	31,007	61,152	93,130
Shares Repurchased During the Period (in shares)	(6,210)	(154,918)	(85,828)
Stock Transferred During the Period (in shares)		0	0
Ending balance (in shares)	2,766,760	2,672,994	2,741,963
Class I shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	6,449,493	6,445,062
Shares Issued to Complete the Acquisition (in shares)		0
Other Capital Activity (in shares)		0
Shares Issued through Reinvestment of Distributions During the Period (in shares)	77,618	157,542	231,377
Shares Repurchased During the Period (in shares)	(82,049)	(199,413)	(296,575)
Stock Transferred During the Period (in shares)		0	(11,310)
Ending balance (in shares)	6,445,062	6,403,191	6,449,493
Class P-A shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	783,593	794,193
Shares Issued to Complete the Acquisition (in shares)		0
Other Capital Activity (in shares)		0
Shares Issued through Reinvestment of Distributions During the Period (in shares)	10,600	21,867	16,432
Shares Repurchased During the Period (in shares)	0	(1,160)	0
Stock Transferred During the Period (in shares)		0	0
Ending balance (in shares)	794,193	814,900	783,593
Class P-I shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	92,069,013	103,334,227
Shares Issued to Complete the Acquisition (in shares)		24,393,025
Other Capital Activity (in shares)		45,664
Shares Issued through Reinvestment of Distributions During the Period (in shares)	370,820	810,287	411,369
Shares Repurchased During the Period (in shares)	(317,209)	(3,504,789)	(1,493,868)
Stock Transferred During the Period (in shares)		235,570	25,018
Ending balance (in shares)	103,334,227	125,313,984	92,069,013
Class P-D shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	198,548	198,948
Shares Issued to Complete the Acquisition (in shares)		0
Other Capital Activity (in shares)		(2,776)
Shares Issued through Reinvestment of Distributions During the Period (in shares)	400	837	1,143
Shares Repurchased During the Period (in shares)	0	(5,436)	0
Stock Transferred During the Period (in shares)		0	0
Ending balance (in shares)	198,948	191,573	198,548
Class P-S shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	46,324,757	47,047,838
Shares Issued to Complete the Acquisition (in shares)		0
Other Capital Activity (in shares)		0
Shares Issued through Reinvestment of Distributions During the Period (in shares)	233,094	456,028	248,961
Shares Repurchased During the Period (in shares)	(223,209)	(1,008,419)	0
Stock Transferred During the Period (in shares)		(233,990)	0
Ending balance (in shares)	47,047,838	46,261,457	46,324,757
Class P-T shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	239,594	241,447
Shares Issued to Complete the Acquisition (in shares)		0
Other Capital Activity (in shares)		0
Shares Issued through Reinvestment of Distributions During the Period (in shares)	1,853	3,867	2,470
Shares Repurchased During the Period (in shares)	0	0	0
Stock Transferred During the Period (in shares)		0	0
Ending balance (in shares)	241,447	245,314	239,594

Members' Equity - Quarterly Sha

Members' Equity - Quarterly Share Repurchase Limits (Details)	3 Months Ended				15 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2022
Equity [Abstract]
Stock repurchase limit, percentage of weighted average number of shares during any 12-month period	0.002000				0.2000
Stock repurchase limit, percentage of weighted average number of Shares prior four fiscal quarters	0.000500	0.0375	0.0250	0.0188	0.0500

Members' Equity - Schedule of D

Members' Equity - Schedule of Distributions (Details) - $ / shares	3 Months Ended								7 Months Ended	12 Months Ended	18 Months Ended	25 Months Ended
	Oct. 31, 2017	Jul. 31, 2017	Apr. 30, 2017	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Nov. 30, 2020	Oct. 31, 2018	Apr. 30, 2020	Dec. 31, 2022
Class A shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	$ 0.00167	$ 0.00167	$ 0.00168	$ 0.00169	$ 0.00168	$ 0.00166	$ 0.00166	$ 0.00165	$ 0.00152	$ 0.00167	$ 0.00167	$ 0.00152
Class C shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	0.00163	0.00163	0.00164	0.00164	0.00168	0.00166	0.00166	0.00165	0.00149	0.00163	0.00163	0.00149
Class I shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	0.00167	0.00167	0.00168	0.00169	0.00168	0.00166	0.00166	0.00165	0.00152	0.00167	0.00167	0.00152
Class P-A shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	0	0.00160	0.00160	0.00160	0.00160	0.00158	0	0	0.00153	0	0.00165	0.00152
Class P-I shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	0.00159	0.00158	0.00160	0.00160	0.00160	0.00158	0	0	0.00158	0.00158	0.00158	0.00158
Class P-D shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	0	0	0	0	0	0	0	0	0	0	0	0.00158
Class P-T shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	0	0	0	0	0	0	0	0	0	0	0	0.00158
Class P-S shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0.00158

Members' Equity - Distributions

Members' Equity - Distributions (Details) - USD ($)									5 Months Ended	7 Months Ended		12 Months Ended
	Jan. 03, 2023	Dec. 01, 2022	Nov. 01, 2022	Oct. 03, 2022	Sep. 01, 2022	Aug. 01, 2022	Jul. 01, 2022	Jun. 01, 2022	May 18, 2022	Jan. 03, 2023	Dec. 31, 2022	Dec. 31, 2021
Dividends Payable [Line Items]
Paid in Cash		$ 7,270,876	$ 7,507,085	$ 7,312,905	$ 7,564,952	$ 7,570,118	$ 7,344,811	$ 6,954,111
Value of Shares Issued under DRP		1,930,103	1,986,513	1,922,613	1,973,079	1,955,461	1,889,655	2,020,049	$ 7,486,732		$ 15,646,339	$ 12,290,976
Total		$ 9,200,979	$ 9,493,598	$ 9,235,518	$ 9,538,031	$ 9,525,579	$ 9,234,466	$ 8,974,160			$ 74,872,614
Subsequent Event
Dividends Payable [Line Items]
Paid in Cash	$ 7,702,756									$ 59,227,614
Value of Shares Issued under DRP	1,967,527									15,645,000
Total	$ 9,670,283									$ 74,872,614

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Numerator
Net loss attributable to Greenbacker Renewable Energy Company LLC		$ (724,977)
Denominator
Weighted average common shares outstanding, basic (in shares)	174,129,549	201,667,520	126,458,860
Net loss attributable to Greenbacker Renewable Energy Company LLC
Basic (in dollars per share)	$ (0.03)	$ 0	$ 0.02

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details)	7 Months Ended
	Dec. 31, 2022 segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Reporting - Schedule of

Segment Reporting - Schedule of Reportable Segment Financial Results, Revenue and Adjusted EBITDA (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Revenue
Total revenue		$ 100,491,122
Segment Adjusted EBITDA:
Adjusted EBITDA		26,380,389
Reconciliation:
Share-based compensation expense		6,903,931
Change in fair value of contingent consideration		2,100,000
Non-recurring professional fees associated with the Acquisition and change in status		7,593,649
Depreciation, amortization and accretion		49,771,964
Operating loss		(39,989,155)
Interest expense, net		(15,889,125)
Realized loss on interest rate swaps, net		(1,322,219)
Unrealized loss on interest rate swaps, net		(249,150)
Unrealized gain on investments, net	$ 13,647,821	398,479	$ 56,023,470
Other expense, net		(107,890)
Net loss before income taxes		(57,159,060)
Provision for income taxes	4,315,392	(3,005,119)	9,050,004
Net loss	$ 30,778,458	(60,164,179)	$ 43,020,789
Less: Net loss attributable to noncontrolling interests		(59,439,202)
Net loss attributable to Greenbacker Renewable Energy Company LLC		(724,977)
Contract amortization expense		10,529,266
Operating Segments
Segment Adjusted EBITDA:
Adjusted EBITDA		45,147,037
Unallocated corporate expenses
Segment Adjusted EBITDA:
Adjusted EBITDA		(18,766,648)
Energy revenue
Revenue
Total revenue		101,595,947
Other revenue
Revenue
Total revenue		7,505,530
Contract amortization, net
Revenue
Total revenue		(10,529,266)
Investment Management revenue
Revenue
Total revenue		1,918,911
IPP
Revenue
Total revenue		98,572,211
IPP | Operating Segments
Segment Adjusted EBITDA:
Adjusted EBITDA		53,626,933
IPP | Energy revenue
Revenue
Total revenue		101,595,947
IPP | Other revenue
Revenue
Total revenue		7,505,530
IPP | Contract amortization, net
Revenue
Total revenue		(10,529,266)
IM | Operating Segments
Segment Adjusted EBITDA:
Adjusted EBITDA		(8,479,896)
IM | Investment Management revenue
Revenue
Total revenue		$ 1,918,911

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)			3 Months Ended	7 Months Ended
	Feb. 17, 2023	Jan. 26, 2023	Mar. 31, 2023	Dec. 31, 2022
Subsequent Event [Line Items]
Tax equity contributions				$ 104,848,470
Proceeds from borrowings				499,654,015
Tax Equity Investors
Subsequent Event [Line Items]
Tax equity contributions				$ 82,700,000
Subsequent Event
Subsequent Event [Line Items]
Proceeds from borrowings	$ 12,500,000	$ 6,100,000
Subsequent Event | Tax Equity Investors
Subsequent Event [Line Items]
Tax equity contributions			$ 10,800,000

Significant Accounting Polic_12

Significant Accounting Policies - Narrative (Details)	5 Months Ended	12 Months Ended
	May 18, 2022 USD ($) jurisdiction	Dec. 31, 2021 USD ($)	Dec. 31, 2022 jurisdiction	May 19, 2022
Related Party Transaction [Line Items]
Administrator expenses	$ 2,155,303	$ 0
Due to GCM		607,610
Amounts reimbursed to the Advisor		500,000
Return of capital receivable		654,622
Performance participation fee payable		3,359,269
Performance participation fee	$ 384,065	$ 4,672,078
Deferred sales commission, per annum fee percent		0.85%		0.85%
Deferred sales commission, monthly fee percent		0.07%		0.07%
Deferred sales commission payable		$ 4,626,626
Derivative Asset, Statement Of Financial Position Extensible Enumeration, Not Disclosed Flag		assets
Average notional amount		$ 109,600,000
Notional Amount		$ 284,700,000
Fixed Pay Rate		1.60%
Cash collateral associated with derivative instrument included in other assets		$ 5,000,000
Number of jurisdictions in which the Company operates | jurisdiction	36		36
Greenbacker Capital Management LLC
Related Party Transaction [Line Items]
Due to GCM		$ 600,000
Greenbacker Capital Management LLC | Public Offering
Related Party Transaction [Line Items]
Limit of offering costs reimbursement to advisor		15%
Greenbacker Capital Management LLC | Private Offering
Related Party Transaction [Line Items]
Percentage of reimbursement out of gross offering proceeds	0.50%
Advisor And Dealer Manager
Related Party Transaction [Line Items]
Total O&O Costs Incurred by the Advisor and Dealer Manager		$ 1,100,000

Significant Accounting Polic_13

Significant Accounting Policies - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Basic and diluted
Net investment (loss) income	$ (4,884,550)		$ 2,655,809
Net increase in net assets attributed to members' equity	$ 30,778,458		$ 43,020,789
Net investment (loss) income per share (in dollars per share)	$ (0.03)		$ 0.02
Net increase in net assets attributed to common members per share (in dollars per share)	$ 0.18		$ 0.34
Basic (in shares)	174,129,549	201,667,520	126,458,860
Weighted average common shares outstanding, diluted (in shares)	174,129,549		126,458,860

Significant Accounting Polic_14

Significant Accounting Policies - Schedule of Derivative Instruments in Consolidated Statement of Assets and Liabilities, Fair Value (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Asset Derivatives	$ 195,839,516	$ 0
Derivative liabilities		7,501,983
Interest Rate Risk | Interest rate swap contracts
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Asset Derivatives		0
Derivative liabilities		$ 7,501,983

Significant Accounting Polic_15

Significant Accounting Policies - Schedule of Effect of Derivative Instruments on the Consolidated Statement of Operations (Details) - USD ($)	5 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2021
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Change in net unrealized depreciation on derivative transactions	$ 35,266,332	$ 2,248,926
Other expense	650,906	2,024,070
Interest Rate Risk | Swap [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Change in net unrealized depreciation on derivative transactions	35,266,332	2,248,926
Other expense	$ 650,906	$ 2,024,070

Investments - Schedule of Inves

Investments - Schedule of Investment Composition (Details)	Dec. 31, 2021 USD ($)
Investment Holdings [Line Items]
Cost	$ 1,292,072,217
Fair Value	$ 1,435,742,001
Fair Value Percentage of Total Portfolio	100%
Investments in Money Market Funds
Investment Holdings [Line Items]
Cost	$ 67,392,443
Fair Value	$ 67,392,443
Fair Value Percentage of Total Portfolio	4.80%
Allspring Treasury Plus Money Market Fund - Institutional Class | Investments in Money Market Funds
Investment Holdings [Line Items]
Cost	$ 16,823,110
Fair Value	$ 16,823,110
Fair Value Percentage of Total Portfolio	1.20%
Fidelity Government Portfolio - Class I | Investments in Money Market Funds
Investment Holdings [Line Items]
Cost	$ 16,873,111
Fair Value	$ 16,873,111
Fair Value Percentage of Total Portfolio	1.20%
First American Government Obligations Fund - Class X | Investments in Money Market Funds
Investment Holdings [Line Items]
Cost	$ 16,823,111
Fair Value	$ 16,823,111
Fair Value Percentage of Total Portfolio	1.20%
First American Government Obligations Fund - Class Z | Investments in Money Market Funds
Investment Holdings [Line Items]
Cost	$ 50,000
Fair Value	$ 50,000
Fair Value Percentage of Total Portfolio	0%
JPMorgan US Government Money Market Fund - Class L | Investments in Money Market Funds
Investment Holdings [Line Items]
Cost	$ 16,823,111
Fair Value	$ 16,823,111
Fair Value Percentage of Total Portfolio	1.20%
Battery storage systems
Investment Holdings [Line Items]
Cost	$ 11,288,841
Fair Value	$ 10,747,811
Fair Value Percentage of Total Portfolio	0.70%
Battery storage systems | Pacifica Portfolio
Investment Holdings [Line Items]
Cost	$ 11,288,841
Fair Value	$ 10,747,811
Fair Value Percentage of Total Portfolio	0.70%
Biomass
Investment Holdings [Line Items]
Cost	$ 24,533,222
Fair Value	$ 17,184,912
Fair Value Percentage of Total Portfolio	1.20%
Biomass | Eagle Valley Biomass Portfolio
Investment Holdings [Line Items]
Cost	$ 24,533,222
Fair Value	$ 17,184,912
Fair Value Percentage of Total Portfolio	1.20%
Commercial Solar
Investment Holdings [Line Items]
Cost	$ 798,358,576
Fair Value	$ 931,167,131
Fair Value Percentage of Total Portfolio	64.90%
Commercial Solar | Celadon Portfolio
Investment Holdings [Line Items]
Cost	$ 165,129,450
Fair Value	$ 187,410,880
Fair Value Percentage of Total Portfolio	13.10%
Commercial Solar | GEH Portfolio
Investment Holdings [Line Items]
Cost	$ 150,463,205
Fair Value	$ 157,925,117
Fair Value Percentage of Total Portfolio	11%
Commercial Solar | Ponderosa Portfolio
Investment Holdings [Line Items]
Cost	$ 49,514,975
Fair Value	$ 59,577,751
Fair Value Percentage of Total Portfolio	4.10%
Commercial Solar | Sego Lily - Solar Portfolio
Investment Holdings [Line Items]
Cost	$ 107,621,275
Fair Value	$ 122,272,431
Fair Value Percentage of Total Portfolio	8.50%
Commercial Solar | Trillium Portfolio
Investment Holdings [Line Items]
Cost	$ 74,764,309
Fair Value	$ 101,432,185
Fair Value Percentage of Total Portfolio	7.10%
Commercial Solar | Other Commercial Solar Portfolios
Investment Holdings [Line Items]
Cost	$ 250,865,362
Fair Value	$ 302,548,767
Fair Value Percentage of Total Portfolio	21.10%
Wind
Investment Holdings [Line Items]
Cost	$ 321,509,864
Fair Value	$ 340,034,522
Fair Value Percentage of Total Portfolio	23.60%
Wind | Sego Lily - Wind Portfolio
Investment Holdings [Line Items]
Cost	$ 117,410,390
Fair Value	$ 140,965,616
Fair Value Percentage of Total Portfolio	9.80%
Wind | Greenbacker Wind Holdings II Portfolio
Investment Holdings [Line Items]
Cost	$ 62,787,210
Fair Value	$ 62,272,198
Fair Value Percentage of Total Portfolio	4.30%
Wind | Greenbacker Wind - HoldCo Portfolio
Investment Holdings [Line Items]
Cost	$ 84,674,188
Fair Value	$ 78,025,844
Fair Value Percentage of Total Portfolio	5.40%
Wind | Other Wind Investments Portfolios
Investment Holdings [Line Items]
Cost	$ 56,638,076
Fair Value	$ 58,770,864
Fair Value Percentage of Total Portfolio	4.10%
Other Investments
Investment Holdings [Line Items]
Cost	$ 35,034,396
Fair Value	$ 35,243,259
Fair Value Percentage of Total Portfolio	2.50%
Other Investments | Other Portfolios
Investment Holdings [Line Items]
Cost	$ 35,034,396
Fair Value	$ 35,243,259
Fair Value Percentage of Total Portfolio	2.50%
Energy Efficiency
Investment Holdings [Line Items]
Cost	$ 668,736
Fair Value	$ 685,784
Fair Value Percentage of Total Portfolio	0.10%
Energy Efficiency | Other Energy Efficiency Portfolios
Investment Holdings [Line Items]
Cost	$ 668,736
Fair Value	$ 685,784
Fair Value Percentage of Total Portfolio	0.10%
Secured Loan
Investment Holdings [Line Items]
Cost	$ 33,286,139
Fair Value	$ 33,286,139
Fair Value Percentage of Total Portfolio	2.20%
Secured Loan | Chaberton Loan
Investment Holdings [Line Items]
Cost	$ 2,247,962
Fair Value	$ 2,247,962
Fair Value Percentage of Total Portfolio	0.20%
Secured Loan | Encore Loan
Investment Holdings [Line Items]
Cost	$ 3,058,527
Fair Value	$ 3,058,527
Fair Value Percentage of Total Portfolio	0.20%
Secured Loan | Hudson Loan
Investment Holdings [Line Items]
Cost	$ 4,984,650
Fair Value	$ 4,984,650
Fair Value Percentage of Total Portfolio	0.30%
Secured Loan | Hudson II Loan
Investment Holdings [Line Items]
Cost	$ 4,227,098
Fair Value	$ 4,227,098
Fair Value Percentage of Total Portfolio	0.30%
Secured Loan | New Market Loan
Investment Holdings [Line Items]
Cost	$ 5,008,070
Fair Value	$ 5,008,070
Fair Value Percentage of Total Portfolio	0.30%
Secured Loan | Shepherd's Run Loan
Investment Holdings [Line Items]
Cost	$ 8,751,528
Fair Value	$ 8,751,528
Fair Value Percentage of Total Portfolio	0.60%
Secured Loan | SE Solar Loan
Investment Holdings [Line Items]
Cost	$ 5,008,304
Fair Value	$ 5,008,304
Fair Value Percentage of Total Portfolio	0.30%

Investments - Schedule of Inv_2

Investments - Schedule of Investments Fair Value by Geographic Region (Details)	Dec. 31, 2021 USD ($)
Investment Holdings [Line Items]
Investments at Cost	$ 1,292,072,217
Investments at Fair Value	$ 1,435,742,001
Fair Value Percentage of Total Portfolio	100%	[1]
Investments in Money Market Funds
Investment Holdings [Line Items]
Investments at Cost	$ 67,392,443
Investments at Fair Value	$ 67,392,443
Fair Value Percentage of Total Portfolio	4.70%
United States:
Investment Holdings [Line Items]
Investments at Cost	$ 1,223,076,638
Investments at Fair Value	$ 1,366,599,672
Fair Value Percentage of Total Portfolio	95.20%
Canada:
Investment Holdings [Line Items]
Investments at Cost	$ 1,603,136
Investments at Fair Value	$ 1,749,886
Fair Value Percentage of Total Portfolio	0.10%
East Region
Investment Holdings [Line Items]
Investments at Cost	$ 376,929,916
Investments at Fair Value	$ 444,160,983
Fair Value Percentage of Total Portfolio	30.90%
Mid-West Region
Investment Holdings [Line Items]
Investments at Cost	$ 222,573,610
Investments at Fair Value	$ 233,427,679
Fair Value Percentage of Total Portfolio	16.30%
Mountain Region
Investment Holdings [Line Items]
Investments at Cost	$ 268,907,355
Investments at Fair Value	$ 286,693,236
Fair Value Percentage of Total Portfolio	20%
South Region
Investment Holdings [Line Items]
Investments at Cost	$ 105,516,478
Investments at Fair Value	$ 111,030,877
Fair Value Percentage of Total Portfolio	7.70%
West Region
Investment Holdings [Line Items]
Investments at Cost	$ 249,149,279
Investments at Fair Value	$ 291,286,897
Fair Value Percentage of Total Portfolio	20.30%
[1]Percentages are based on net assets of $1,439,310,632 as of December 31, 2021.

Investments - Investments Fair

Investments - Investments Fair Value by Industry (Details)	Dec. 31, 2021 USD ($)
Investment Holdings [Line Items]
Investments at Cost	$ 1,292,072,217
Investments at Fair Value	$ 1,435,742,001
Fair Value Percentage of Total Portfolio	100%	[1]
Battery storage systems
Investment Holdings [Line Items]
Investments at Cost	$ 11,288,841
Investments at Fair Value	$ 10,747,811
Fair Value Percentage of Total Portfolio	0.70%
Biomass
Investment Holdings [Line Items]
Investments at Cost	$ 24,533,222
Investments at Fair Value	$ 17,184,912
Fair Value Percentage of Total Portfolio	1.20%
Commercial Solar
Investment Holdings [Line Items]
Investments at Cost	$ 798,358,576
Investments at Cost, includes loans	831,644,715
Investments at Fair Value	931,167,131
Investments at Fair Value, includes loans	$ 964,453,270
Fair Value Percentage of Total Portfolio	67.20%
Wind
Investment Holdings [Line Items]
Investments at Cost	$ 321,509,864
Investments at Fair Value	$ 340,034,522
Fair Value Percentage of Total Portfolio	23.70%
Other Investments
Investment Holdings [Line Items]
Investments at Cost	$ 35,034,396
Investments at Fair Value	$ 35,243,259
Fair Value Percentage of Total Portfolio	2.50%
Energy Efficiency
Investment Holdings [Line Items]
Investments at Cost	$ 668,736
Investments at Fair Value	$ 685,784
Fair Value Percentage of Total Portfolio	0%
Money Market Funds
Investment Holdings [Line Items]
Investments at Cost	$ 67,392,443
Investments at Fair Value	$ 67,392,443
Fair Value Percentage of Total Portfolio	4.70%
[1]Percentages are based on net assets of $1,439,310,632 as of December 31, 2021.

Investments - Narrative (Detail

Investments - Narrative (Details)	Dec. 31, 2021 USD ($)
Commercial Solar
Summary of Investment Holdings [Line Items]
Loans included	$ 33,286,139

Valuation of Investments at F_3

Valuation of Investments at Fair Value - Schedule of Fair Value Measurements of Investments, by Major Class (Details) - USD ($)	May 18, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		$ 1,435,742,001
Financial liabilities fair value disclosure		(7,501,983)
Capital Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		1,749,886
Energy Efficiency - Secured Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		380,640
Secured Loans - Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		33,286,139
Investments in Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		67,392,443
Open swap contracts - liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities fair value disclosure		(7,501,983)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		67,392,443
Financial liabilities fair value disclosure		0
Level 1 | Capital Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		0
Level 1 | Energy Efficiency - Secured Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		0
Level 1 | Secured Loans - Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		0
Level 1 | Investments in Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		67,392,443
Level 1 | Open swap contracts - liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities fair value disclosure		0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		0
Financial liabilities fair value disclosure		(7,501,983)
Level 2 | Capital Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		0
Level 2 | Energy Efficiency - Secured Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		0
Level 2 | Secured Loans - Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		0
Level 2 | Investments in Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		0
Level 2 | Open swap contracts - liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities fair value disclosure		(7,501,983)
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	$ 1,498,548,623	1,368,349,558	$ 648,809,997
Financial liabilities fair value disclosure		0
Level 3 | Capital Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		1,749,886
Level 3 | Energy Efficiency - Secured Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		380,640
Level 3 | Secured Loans - Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		33,286,139
Level 3 | Investments in Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		0
Level 3 | Open swap contracts - liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities fair value disclosure		0
Limited Liability Company Member Interests
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		1,332,932,893
Limited Liability Company Member Interests | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		0
Limited Liability Company Member Interests | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value		0
Limited Liability Company Member Interests | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	$ 1,458,123,212	$ 1,332,932,893	$ 609,394,039

Valuation of Investments at F_4

Valuation of Investments at Fair Value - Schedule of Reconciliation of Investments Balances (Details) - USD ($)	5 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,435,742,001
Ending balance		$ 1,435,742,001
Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,368,349,558	648,809,997
Net change in unrealized appreciation on investments	13,647,821	56,023,470
Translation of assets and liabilities denominated in foreign currencies	(26,172)	10,727
Purchases	339,424,218	1,113,729,511
Cost adjustments	(210,519,840)	(440,266,245)
Sales and repayments of investments	(12,325,274)	(9,928,720)
Net realized (loss) on investments	(1,688)	(29,182)
Ending balance	1,498,548,623	1,368,349,558
Energy Efficiency - Secured Loans | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	380,640	398,640
Net change in unrealized appreciation on investments	0	0
Translation of assets and liabilities denominated in foreign currencies	0	0
Purchases	0	0
Cost adjustments	0	0
Sales and repayments of investments	(55,000)	(18,000)
Net realized (loss) on investments	0	0
Ending balance	325,640	380,640
Secured Loans - Other | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	33,286,139	37,327,690
Net change in unrealized appreciation on investments	0	0
Translation of assets and liabilities denominated in foreign currencies	0	0
Purchases	17,364,517	24,431,121
Cost adjustments	0	0
Sales and repayments of investments	(12,270,274)	(28,472,672)
Net realized (loss) on investments	0	0
Ending balance	38,380,382	33,286,139
Capital Stock | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,749,886	1,689,628
Net change in unrealized appreciation on investments	(4,325)	49,531
Translation of assets and liabilities denominated in foreign currencies	(26,172)	10,727
Purchases	0	0
Cost adjustments	0	0
Sales and repayments of investments	0	0
Net realized (loss) on investments	0	0
Ending balance	1,719,389	1,749,886
Limited Liability Company Member Interests
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,332,932,893
Ending balance		1,332,932,893
Limited Liability Company Member Interests | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,332,932,893	609,394,039
Net change in unrealized appreciation on investments	13,652,146	55,973,939
Translation of assets and liabilities denominated in foreign currencies	0	0
Purchases	322,059,701	1,089,298,390
Cost adjustments	(210,519,840)	(440,266,245)
Sales and repayments of investments	0	18,561,952
Net realized (loss) on investments	(1,688)	(29,182)
Ending balance	$ 1,458,123,212	$ 1,332,932,893

Valuation of Investments at F_5

Valuation of Investments at Fair Value - Narrative (Details) - USD ($) $ in Millions	5 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2021
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net change in unrealized appreciation on investments and foreign currency translation	$ 13.6	$ 56

Valuation of Investments at F_6

Valuation of Investments at Fair Value - Schedule of Quantitative Information about Level 3 Fair Value Measurements (Details)	Dec. 31, 2022 year	May 18, 2022 USD ($)	Dec. 31, 2021 USD ($) year	Dec. 31, 2020 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			$ 1,435,742,001
Battery storage systems
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			10,747,811
Biomass
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			17,184,912
Commercial Solar
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			931,167,131
Wind
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			340,034,522
Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			35,243,259
Energy Efficiency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			685,784
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 1,498,548,623	1,368,349,558	$ 648,809,997
Level 3 | Discount Rate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input	0.0680
Level 3 | Discount Rate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input	0.0780
Level 3 | Degradation In Production
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input	0.0050
Level 3 | Useful Life
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input | year	29.5
Level 3 | Battery storage systems
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			$ 10,747,811
Level 3 | Battery storage systems | Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.0937
Level 3 | Battery storage systems | Degradation In Production
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.0216
Level 3 | Battery storage systems | Useful Life
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input | year			11
Level 3 | Biomass
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			$ 17,184,912
Level 3 | Biomass | Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.0825
Level 3 | Biomass | Degradation In Production
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0
Level 3 | Biomass | Useful Life
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input | year			12
Level 3 | Commercial Solar
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			$ 931,167,131
Level 3 | Commercial Solar | Discount Rate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.0350
Level 3 | Commercial Solar | Discount Rate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.0907
Level 3 | Commercial Solar | Discount Rate | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.0763
Level 3 | Commercial Solar | Degradation In Production | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0
Level 3 | Commercial Solar | Degradation In Production | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.0050
Level 3 | Commercial Solar | Degradation In Production | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.0050
Level 3 | Commercial Solar | Useful Life | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input | year			9.2
Level 3 | Commercial Solar | Useful Life | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input | year			39
Level 3 | Commercial Solar | Useful Life | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input | year			33.6
Level 3 | Wind
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			$ 340,034,522
Level 3 | Wind | Discount Rate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.0775
Level 3 | Wind | Discount Rate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.0843
Level 3 | Wind | Discount Rate | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.0781
Level 3 | Wind | Degradation In Production
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0
Level 3 | Wind | Useful Life | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input | year			18.7
Level 3 | Wind | Useful Life | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input | year			31
Level 3 | Wind | Useful Life | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input | year			26.4
Level 3 | Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			$ 35,243,259
Level 3 | Energy Efficiency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			$ 685,784
Level 3 | Energy Efficiency | Degradation In Production
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0
Level 3 | Energy Efficiency | Useful Life | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input | year			3.2
Level 3 | Energy Efficiency | Useful Life | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input | year			4
Level 3 | Energy Efficiency | Useful Life | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input | year			3.6
Level 3 | Energy Efficiency | Market Yields
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.1025
Level 3 | Secured Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value			$ 33,286,139
Level 3 | Secured Loans | Market Yields | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.0800
Level 3 | Secured Loans | Market Yields | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.1000
Level 3 | Secured Loans | Market Yields | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment, measurement input			0.0848

Related Party Agreements and _3

Related Party Agreements and Transaction Agreements (Details)				5 Months Ended	7 Months Ended	12 Months Ended
	May 17, 2022 USD ($)	Dec. 22, 2020 USD ($)	Oct. 09, 2020 USD ($)	May 18, 2022 USD ($) shares	Dec. 31, 2022	Dec. 31, 2021 USD ($) shares	Jul. 01, 2021 USD ($)	Jun. 30, 2021 USD ($)	Apr. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)
Related Party Agreements and Transactions Agreements
Liquidation performance participation fee, percentage of net proceeds in excess of adjusted capital					0.2000
Liquidation performance participation fee payable, term (in days)					30 days
Management fees				$ 10,661,560		$ 21,940,099
Management fee payable						2,271,687
Performance participation fee				384,065		4,672,078
Performance participation fee payable						3,359,269
Due to GCM						607,610
Net realized gain on investments				(1,688)		(29,182)
Greenbacker Capital Management LLC
Related Party Agreements and Transactions Agreements
Management fees				$ 10,700,000		21,900,000
Management fee payable						2,300,000
Due to GCM						$ 600,000
Greenbacker Capital Management LLC | Related Party Transaction, Fee Arrangement, Scenario One
Related Party Agreements and Transactions Agreements
Base management fees payable, monthly rate							0.17%	0.17%
Base management fees payable, annual rate							2%	2%
Gross assets, borrowing								$ 50,000,000
Gross asset including borrowing							$ 800,000,000	$ 800,000,000
Greenbacker Capital Management LLC | Related Party Transaction, Fee Arrangement, Scenario Two
Related Party Agreements and Transactions Agreements
Base management fees payable, monthly rate							0.15%	0.15%
Base management fees payable, annual rate							1.75%	1.75%
Greenbacker Capital Management LLC | Related Party Transaction, Fee Arrangement, Scenario Three
Related Party Agreements and Transactions Agreements
Base management fees payable, monthly rate							0.13%	0.13%
Base management fees payable, annual rate							1.50%	1.50%
Greenbacker Capital Management LLC | Terminated Registration Statements
Related Party Agreements and Transactions Agreements
Percentage of reimbursement out of gross offering proceeds				15%
Greenbacker Capital Management LLC | Private Offering
Related Party Agreements and Transactions Agreements
Percentage of reimbursement out of gross offering proceeds				0.50%
Special unitholder
Related Party Agreements and Transactions Agreements
Performance participation fee percentage	12.50%
Hurdle rate, quarterly	1.50%
Hurdle rate, annualized	6%
Loss carry forward initial amount	$ 0
Fee carryforward initial amount	$ 0
Performance participation fee, percentage of excess profits	1
Performance participation fee, percentage of sum of hurdle amount and catch-up amount	0.125
Liquidation performance participation fee, percentage of net proceeds in excess of adjusted capital	0.200
Liquidation performance participation fee payable, term (in days)	30 days
GREC
Related Party Agreements and Transactions Agreements
Limited partners' commitment			$ 5,000,000
GREC | GDEV GP
Related Party Agreements and Transactions Agreements
Interest rate carried			10%
GDEV
Related Party Agreements and Transactions Agreements
Limited partners' commitment									$ 7,500,000	$ 6,100,000
Funded commitment				$ 2,900,000
Greenbacker Renewable Opportunity Zone Fund LLC | Sell Gliden Solar, LLC
Related Party Agreements and Transactions Agreements
Related party transaction, amounts of transaction		$ 12,800,000
Net realized gain on investments		$ 1,600,000
Minimum | Greenbacker Capital Management LLC | Related Party Transaction, Fee Arrangement, Scenario Two
Related Party Agreements and Transactions Agreements
Gross asset including borrowing							$ 800,000,000	$ 800,000,000
Minimum | Special unitholder
Related Party Agreements and Transactions Agreements
Loss carry forward initial amount	$ 0
Fee carryforward initial amount	$ 0
Maximum | Greenbacker Capital Management LLC | Related Party Transaction, Fee Arrangement, Scenario Two
Related Party Agreements and Transactions Agreements
Gross asset including borrowing							$ 1,500,000,000	$ 1,500,000,000
Class A shares | Greenbacker Capital Management LLC
Related Party Agreements and Transactions Agreements
Common unit, issued (in shares) | shares				23,601		23,601
Class P-D shares | Greenbacker Capital Management LLC
Related Party Agreements and Transactions Agreements
Common unit, issued (in shares) | shares				2,776		2,776
Class C shares | SC Distributors, LLC
Related Party Agreements and Transactions Agreements
Distribution fee, daily accrual rate						0.000022
Class C shares | SC Distributors, LLC | Terminated Registration Statements
Related Party Agreements and Transactions Agreements
Underwriting compensation in percentage					0.100

Borrowings - Narrative (Details

Borrowings - Narrative (Details) - USD ($)

5 Months Ended

12 Months Ended

Apr. 01, 2021

Mar. 31, 2021

Mar. 18, 2020

May 18, 2022

Dec. 31, 2021

Feb. 02, 2022

Sep. 28, 2021

Feb. 26, 2021

Nov. 30, 2020

Oct. 31, 2020

Jan. 30, 2020

Dec. 06, 2019

Sep. 30, 2019

Jun. 20, 2019

Dec. 31, 2018

Jun. 30, 2018

Jan. 05, 2018

Debt Instrument [Line Items]

Revolving letter of credit facility

$ 79,413,622

Current borrowing capacity

$ 130,322,841

Fixed swap rate

1.60%

Repayments of lines of credit

$ 1,266,578

$ 7,993,991

Line of Credit

Debt Instrument [Line Items]

Revolving letter of credit facility

79,413,622

Current borrowing capacity

97,822,841

$ 97,800,000

Revolving Credit Facility

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 32,500,000

Revolving letter of credit facility

0

Current borrowing capacity

$ 32,500,000

$ 40,000,000

Previous Credit Facility | Line of Credit | GREC Entity HoldCo

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 60,000,000

Revolving letter of credit facility

$ 25,700,000

New Credit Facility

Debt Instrument [Line Items]

Commitment fees rate

0.50%

New Credit Facility | Line of Credit | GREC Entity HoldCo

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 110,000,000

Revolving letter of credit facility

$ 90,700,000

$ 58,300,000

New Credit Facility | Line of Credit | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate (in percentage)

1.75%

Loans Payable | Line of Credit | Interest rate swap contracts | GREC Entity HoldCo

Debt Instrument [Line Items]

Interest rate swap initial notional amount

$ 20,900,000

Fixed swap rate

2.26%

Facility 2 Term Loan | Line of Credit | Interest rate swap contracts | GREC Entity HoldCo

Debt Instrument [Line Items]

Interest rate swap initial notional amount

$ 29,600,000

Fixed swap rate

2.65%

Facility 3 Term Loan | Line of Credit | Interest rate swap contracts | GREC Entity HoldCo

Debt Instrument [Line Items]

Interest rate swap initial notional amount

$ 4,200,000

Fixed swap rate

2.97%

Facility 4 Term Loan | Line of Credit | Interest rate swap contracts | GREC Entity HoldCo

Debt Instrument [Line Items]

Interest rate swap initial notional amount

$ 38,200,000

Fixed swap rate

2.69%

Facility 5 Term Loan | Line of Credit | Interest rate swap contracts | GREC Entity HoldCo

Debt Instrument [Line Items]

Interest rate swap initial notional amount

$ 7,100,000

Fixed swap rate

1.64%

LC Facility | Revolving Credit Facility

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 22,500,000

$ 15,000,000

Revolving letter of credit facility

$ 5,600,000

Repayments of lines of credit

$ 1,900,000

Collateral, percentage of outstanding obligation

100%

Line of credit facility, fees percentage

0.75%

2.25%

Borrowings - Schedule of Outsta

Borrowings - Schedule of Outstanding Debt (Details) - USD ($)	Dec. 31, 2022	Feb. 02, 2022	Dec. 31, 2021	Nov. 30, 2020
Debt Instrument [Line Items]
Aggregate Principal Amount Available			$ 130,322,841
Principal Amount Outstanding			82,151,509
Carrying Value	$ 987,089,056		82,151,509
Deferred Financing Costs			2,737,887
Term Note Payable, Net of Financing Costs			79,413,622
Line of Credit
Debt Instrument [Line Items]
Aggregate Principal Amount Available			97,822,841	$ 97,800,000
Principal Amount Outstanding			82,151,509
Carrying Value			82,151,509
Deferred Financing Costs			2,737,887
Term Note Payable, Net of Financing Costs			79,413,622
LC Facility
Debt Instrument [Line Items]
Aggregate Principal Amount Available		$ 40,000,000	32,500,000
Principal Amount Outstanding			0
Carrying Value			0
Deferred Financing Costs			0
Term Note Payable, Net of Financing Costs			$ 0

Borrowings - Schedule of Line o

Borrowings - Schedule of Line of Credit Facilities (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Credit Facility commitment fee	$ 136,171	$ 2,013,308	$ 423,075
Credit Facility loan interest	657,528		1,659,715
Amortization of deferred financing costs	520,183		905,959
Total	$ 1,313,882		$ 2,988,749
Weighted average interest rate on Credit Facility	2%		1.90%
Weighted average outstanding balance of Credit Facility	$ 81,707,643		$ 87,020,554

Members' Equity - Narrative (_2

Members' Equity - Narrative (Details) $ in Millions		3 Months Ended				5 Months Ended	7 Months Ended	15 Months Ended
	Nov. 30, 2020 USD ($)	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	May 18, 2022 shares	Dec. 31, 2022 shares	Dec. 31, 2022 shares	Dec. 31, 2021 shares	Sep. 30, 2020
Distribution Made to Limited Partner [Line Items]
Total shares authorized (in shares)							400,000,000	400,000,000
Common shares, shares authorized (in shares)							350,000,000	350,000,000	350,000,000
Preferred stock, shares authorized (in shares)							50,000,000	50,000,000	50,000,000
Preferred shares, shares issued (in shares)							0	0	0
Preferred shares, shares outstanding (in shares)							0	0	0
Shares offered, DRP | $	$ 20
Share repurchase program repurchase limit (in percentage)										5%
Stock repurchase limit, percentage of weighted average number of Shares prior four fiscal quarters		0.000500	0.0375	0.0250	0.0188			0.0500
Stock repurchase limit, percentage of weighted average number of shares during any 12-month period		0.002000						0.2000
Distribution Reinvestment Plan
Distribution Made to Limited Partner [Line Items]
Shares offered, DRP | $	$ 20
Minimum written notice period for termination (in days)						10 days	10 days
Shares issued (in shares)						5,544,247	7,334,297	7,334,297	4,680,971
Distribution Reinvestment Plan | Class A shares
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)						2,576,038	2,854,508	2,854,508	2,438,154
Distribution Reinvestment Plan | Class C shares
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)						440,664	501,816	501,816	409,657
Distribution Reinvestment Plan | Class I shares
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)						1,230,403	1,387,945	1,387,945	1,152,785
Distribution Reinvestment Plan | Class P-A shares
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)						27,032	48,899	48,899	16,432
Distribution Reinvestment Plan | Class P-I shares
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)						782,189	1,592,476	1,592,476	411,369
Distribution Reinvestment Plan | Class P-D shares
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)						1,543	2,380	2,380	1,143
Distribution Reinvestment Plan | Class P-S shares
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)						482,055	938,083	938,083	248,961
Distribution Reinvestment Plan | Class P-T shares
Distribution Made to Limited Partner [Line Items]
Shares issued (in shares)						4,323	8,190	8,190	2,470

Members' Equity - Schedule of_2

Members' Equity - Schedule of Shares Issued and Outstanding (Details) - shares	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	165,387,519	177,455,448	62,870,347
Shares sold during the period (in shares)	11,924,799		103,638,424
Shares Issued through Reinvestment of Distributions During the Period (in shares)	863,276	1,790,050	1,418,253
Shares Repurchased During the Period (in shares)	(720,146)	(5,614,980)	(2,538,197)
Shares transferred during the period (in shares)		1,580	(1,308)
Ending balance (in shares)	177,455,448		165,387,519
Class A shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	16,580,558	16,626,973	16,844,129
Shares sold during the period (in shares)	0		0
Shares Issued through Reinvestment of Distributions During the Period (in shares)	137,884	278,470	413,371
Shares Repurchased During the Period (in shares)	(91,469)	(740,845)	(661,926)
Shares transferred during the period (in shares)		0	(15,016)
Ending balance (in shares)	16,626,973		16,580,558
Class C shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	2,741,963	2,766,760	2,734,661
Shares sold during the period (in shares)	0		0
Shares Issued through Reinvestment of Distributions During the Period (in shares)	31,007	61,152	93,130
Shares Repurchased During the Period (in shares)	(6,210)	(154,918)	(85,828)
Shares transferred during the period (in shares)		0	0
Ending balance (in shares)	2,766,760		2,741,963
Class I shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	6,449,493	6,445,062	6,526,001
Shares sold during the period (in shares)	0		0
Shares Issued through Reinvestment of Distributions During the Period (in shares)	77,618	157,542	231,377
Shares Repurchased During the Period (in shares)	(82,049)	(199,413)	(296,575)
Shares transferred during the period (in shares)		0	(11,310)
Ending balance (in shares)	6,445,062		6,449,493
Class P-A shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	783,593	794,193	55,264
Shares sold during the period (in shares)	0		711,897
Shares Issued through Reinvestment of Distributions During the Period (in shares)	10,600	21,867	16,432
Shares Repurchased During the Period (in shares)	0	(1,160)	0
Shares transferred during the period (in shares)		0	0
Ending balance (in shares)	794,193		783,593
Class P-I shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	92,069,013	103,334,227	36,710,292
Shares sold during the period (in shares)	11,211,603		56,416,202
Shares Issued through Reinvestment of Distributions During the Period (in shares)	370,820	810,287	411,369
Shares Repurchased During the Period (in shares)	(317,209)	(3,504,789)	(1,493,868)
Shares transferred during the period (in shares)		235,570	25,018
Ending balance (in shares)	103,334,227		92,069,013
Class P-D shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	198,548	198,948	0
Shares sold during the period (in shares)	0		197,405
Shares Issued through Reinvestment of Distributions During the Period (in shares)	400	837	1,143
Shares Repurchased During the Period (in shares)	0	(5,436)	0
Shares transferred during the period (in shares)		0	0
Ending balance (in shares)	198,948		198,548
Class P-S shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	46,324,757	47,047,838	0
Shares sold during the period (in shares)	713,196		46,075,796
Shares Issued through Reinvestment of Distributions During the Period (in shares)	233,094	456,028	248,961
Shares Repurchased During the Period (in shares)	(223,209)	(1,008,419)	0
Shares transferred during the period (in shares)		(233,990)	0
Ending balance (in shares)	47,047,838		46,324,757
Class P-T shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	239,594	241,447	0
Shares sold during the period (in shares)	0		237,124
Shares Issued through Reinvestment of Distributions During the Period (in shares)	1,853	3,867	2,470
Shares Repurchased During the Period (in shares)	0	0	0
Shares transferred during the period (in shares)		0	0
Ending balance (in shares)	241,447		239,594

Members' Equity - Schedule of_3

Members' Equity - Schedule of Shares Sold and Value of Shares Issued (Details) - USD ($)								5 Months Ended	7 Months Ended	12 Months Ended
	Dec. 01, 2022	Nov. 01, 2022	Oct. 03, 2022	Sep. 01, 2022	Aug. 01, 2022	Jul. 01, 2022	Jun. 01, 2022	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Distribution Made to Limited Partner [Line Items]
Proceeds from Shares Sold								$ 104,951,612		$ 928,286,442
Proceeds from Shares Issued through Reinvestment of Distributions	$ 1,930,103	$ 1,986,513	$ 1,922,613	$ 1,973,079	$ 1,955,461	$ 1,889,655	$ 2,020,049	7,486,732	$ 15,646,339	12,290,976
Class A shares
Distribution Made to Limited Partner [Line Items]
Proceeds from Shares Sold								0		0
Proceeds from Shares Issued through Reinvestment of Distributions								1,148,176		3,511,041
Class C shares
Distribution Made to Limited Partner [Line Items]
Proceeds from Shares Sold								0		0
Proceeds from Shares Issued through Reinvestment of Distributions								252,049		768,984
Class I shares
Distribution Made to Limited Partner [Line Items]
Proceeds from Shares Sold								0		0
Proceeds from Shares Issued through Reinvestment of Distributions								646,222		1,964,922
Class P-A shares
Distribution Made to Limited Partner [Line Items]
Proceeds from Shares Sold								0		6,210,692
Proceeds from Shares Issued through Reinvestment of Distributions								91,397		142,773
Class P-I shares
Distribution Made to Limited Partner [Line Items]
Proceeds from Shares Sold								98,650,613		504,228,647
Proceeds from Shares Issued through Reinvestment of Distributions								3,262,904		3,648,652
Class P-D shares
Distribution Made to Limited Partner [Line Items]
Proceeds from Shares Sold								0		1,774,641
Proceeds from Shares Issued through Reinvestment of Distributions								3,540		10,264
Class P-S shares
Distribution Made to Limited Partner [Line Items]
Proceeds from Shares Sold								6,300,999		413,941,487
Proceeds from Shares Issued through Reinvestment of Distributions								2,065,980		2,222,218
Class P-T shares
Distribution Made to Limited Partner [Line Items]
Proceeds from Shares Sold								0		2,130,975
Proceeds from Shares Issued through Reinvestment of Distributions								$ 16,464		$ 22,122

Distributions - Schedule of Dis

Distributions - Schedule of Distribution (Details) - $ / shares	3 Months Ended								7 Months Ended	12 Months Ended	18 Months Ended	25 Months Ended
	Oct. 31, 2017	Jul. 31, 2017	Apr. 30, 2017	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Nov. 30, 2020	Oct. 31, 2018	Apr. 30, 2020	Dec. 31, 2022
Class A shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	$ 0.00167	$ 0.00167	$ 0.00168	$ 0.00169	$ 0.00168	$ 0.00166	$ 0.00166	$ 0.00165	$ 0.00152	$ 0.00167	$ 0.00167	$ 0.00152
Class C shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	0.00163	0.00163	0.00164	0.00164	0.00168	0.00166	0.00166	0.00165	0.00149	0.00163	0.00163	0.00149
Class I shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	0.00167	0.00167	0.00168	0.00169	0.00168	0.00166	0.00166	0.00165	0.00152	0.00167	0.00167	0.00152
Class P-A shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	0	0.00160	0.00160	0.00160	0.00160	0.00158	0	0	0.00153	0	0.00165	0.00152
Class P-I shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	0.00159	0.00158	0.00160	0.00160	0.00160	0.00158	0	0	0.00158	0.00158	0.00158	0.00158
Class P-D shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	0	0	0	0	0	0	0	0	0	0	0	0.00158
Class P-T shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	0	0	0	0	0	0	0	0	0	0	0	0.00158
Class P-S shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution paid (in dollars per share)	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0.00158

Distributions - Schedule of D_2

Distributions - Schedule of Distribution Declared (Details) - USD ($)	5 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2021
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash	$ 24,716,108	$ 58,825,112
Value of Shares Issued under DRP	7,486,732	12,289,558
Total	32,202,840	71,114,670
Pay Date # 1
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash	6,216,132
Value of Shares Issued under DRP	1,856,347
Total	8,072,479
Pay Date # 2
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash	5,712,141
Value of Shares Issued under DRP	1,720,315
Total	7,432,456
Pay Date # 3
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash	6,496,827
Value of Shares Issued under DRP	1,975,380
Total	8,472,207
Pay Date # 4
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash	6,291,008
Value of Shares Issued under DRP	1,934,690
Total	$ 8,225,698
Pay Date # 5
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		2,555,800
Value of Shares Issued under DRP		538,241
Total		3,094,041
Pay Date # 6
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		3,063,308
Value of Shares Issued under DRP		487,868
Total		3,551,176
Pay Date # 7
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		4,783,092
Value of Shares Issued under DRP		523,715
Total		5,306,807
Pay Date # 8
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		4,733,419
Value of Shares Issued under DRP		565,208
Total		5,298,627
Pay Date # 9
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		4,762,355
Value of Shares Issued under DRP		886,124
Total		5,648,479
Pay Date # 10
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		4,709,348
Value of Shares Issued under DRP		960,096
Total		5,669,444
Pay Date # 11
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		5,217,796
Value of Shares Issued under DRP		1,071,227
Total		6,289,023
Pay Date # 12
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		5,423,345
Value of Shares Issued under DRP		1,145,375
Total		6,568,720
Pay Date #13
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		5,516,811
Value of Shares Issued under DRP		1,229,494
Total		6,746,305
Pay Date #14
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		5,946,262
Value of Shares Issued under DRP		1,463,710
Total		7,409,972
Pay Date #15
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		5,938,698
Value of Shares Issued under DRP		1,662,579
Total		7,601,277
Pay Date #16
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		6,174,878
Value of Shares Issued under DRP		1,755,921
Total		$ 7,930,799

Distributions - Cash Distributi

Distributions - Cash Distribution (Details) - USD ($)	5 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2021
Distributions Made to Members or Limited Partners [Abstract]
Cash from operations	$ 0	$ 0
Offering proceeds	30,891,000	55,097,266
Total cash distributions	$ 30,891,000	$ 55,097,266

Income Taxes - Schedule of Co_2

Income Taxes - Schedule of Consolidated Income Tax Provision (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Current
U.S. federal	$ 0		$ 0
State and local	0		0
Foreign jurisdiction	0		0
Provision for income taxes	0		0
Change in valuation allowance	0		0
Provision for income taxes, net	0		0
Deferred
U.S. federal	6,514,622	$ 984,603	5,075,307
State and local	2,393,271	2,019,115	2,946,388
Foreign jurisdiction	0	1,401	0
Provision for income taxes	8,907,893		8,021,695
Change in valuation allowance	0		817,262
Deferred provision for income taxes	8,907,893	3,005,119	8,838,957
Total
U.S. federal	6,514,622		5,075,307
State and local	2,393,271		2,946,388
Foreign jurisdiction	0		0
Provision for income taxes	8,907,893		8,021,695
Change in valuation allowance	0		817,262
Provision for income taxes	$ 8,907,893	$ 3,005,119	$ 8,838,957

Income Taxes - Schedule of Ef_2

Income Taxes - Schedule of Effective Tax Rate Reconciliation (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Amount
Taxes at statutory U.S. federal income tax rate	$ 8,320,219	$ (12,001,750)	$ 10,890,547
Permanent differences (GREC LLC and other)	624,645	1,588,755	347,555
State income taxes, net of federal benefit	1,890,684	937,456	2,253,655
Write off state credits	0		334,079
Rate changes	0		0
Return to provision and other adjustments	(40,196)		(1,850,554)
Federal tax credits	(1,887,459)	(2,100,381)	(3,953,587)
Change in valuation allowance	0	657,644	817,262
Provision for income taxes	$ 8,907,893	$ 3,005,119	$ 8,838,957
Percentage
Taxes at statutory U.S. federal income tax rate	21%	21%	21%
Permanent differences (GREC LLC and other - net)	1.60%	(2.80%)	0.70%
State income taxes, net of federal benefit	4.80%	(1.60%)	4.30%
Write off state credits	0%		0.60%
Rate changes	0%		0%
Return to provision and other adjustments	(0.10%)		(3.60%)
Federal tax credits	(4.80%)	3.70%	(7.60%)
Change in valuation allowance	0%	(1.20%)	1.60%
Effective tax rate	22.50%	(5.20%)	17%

Income Taxes - Schedule of De_2

Income Taxes - Schedule of Deferred Tax Assets (Liabilities) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Amortization		$ 42,799
Disallowed interest	$ 5,027,580	4,731,734
Net operating losses	98,911,035	60,652,197
Federal and state tax credits	16,251,724	11,996,064
Unrealized gains		(102,617,534)
Total deferred tax liabilities	(224,888,005)	(25,194,740)
Less: valuation allowance	(2,170,000)	(1,512,356)
Deferred tax liabilities, net	$ (83,728,553)	$ (26,707,096)

Income Taxes - Narrative (Det_2

Income Taxes - Narrative (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Partial valuation allowance against deferred tax assets		$ 2,170,000	$ 1,512,356
Effective tax rate	22.50%	(5.20%)	17%

Commitments and Contingencies_4

Commitments and Contingencies (Details)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) entity
Other Commitments [Line Items]
Number of entities participating in funding commitment | entity		42
Performance Guarantee | Renewable Energy Credit Forward Contract
Other Commitments [Line Items]
Guarantor obligations		$ 0
Parent Company Guarantees
Other Commitments [Line Items]
Guarantor obligations	$ 452,300,000
42 Operating Entities
Other Commitments [Line Items]
Investment outstanding balance		540,200,000
Operating Entities Individually A Party
Other Commitments [Line Items]
Investment outstanding balance		1,000,000,000
Parent Company Guarantees
Other Commitments [Line Items]
Guarantor obligations		$ 114,400,000

Financial Highlights - Schedule

Financial Highlights - Schedule of Financial Highlights (Details) - USD ($)	5 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2021	May 19, 2022	Dec. 31, 2020
Earnings per share
Common members’ equity at end of period	$ 1,543,739,908	$ 1,439,310,632	$ 1,543,739,908	$ 555,551,859
Common shares outstanding at end of period (in shares)	177,455,448	165,387,519		62,870,347
Class A shares
Earnings per share
Net Asset Value at beginning of period (in dollars per share)	$ 8.32	$ 8.61
Net investment income (loss) (in dollars per share)	(0.03)	0.02
Net realized and unrealized gain on investments and swap contracts (in dollars per share)	0.28	0.46
Change in translation of assets and liabilities denominated in foreign currencies (in dollars per share)	0	0
(Provision for) benefit from income taxes on realized and unrealized gain (loss) on investments and foreign currency translation (in dollars per share)	(0.07)	(0.14)
Net increase in net assets attributed to common members (in dollars per share)	0.18	0.34
Distributions from net investment income (in dollars per share)	0	0
Distributions from offering proceeds (in dollars per share)	(0.18)	(0.56)
Other (in dollars per share)	(0.02)	(0.07)
Net decrease in members’ equity attributed to common shares (in dollars per share)	(0.20)	(0.63)
Net asset value for common shares at end of period (in dollars per share)	$ 8.30	$ 8.32
Common members’ equity at end of period	$ 138,068,890	$ 137,994,947
Common shares outstanding at end of period (in shares)	16,626,973	16,580,558		16,844,129
Ratio/supplemental data for common shares (annualized)
Total return attributed to common shares based on net asset value	1.93%	3.29%
Ratio of net investment income to average net assets	(2.58%)	0.25%
Ratio of operating expenses to average net assets	12.18%	3.68%
Portfolio turnover rate	0.84%	0.98%
Class C shares
Earnings per share
Net Asset Value at beginning of period (in dollars per share)	$ 8.13	$ 8.35
Net investment income (loss) (in dollars per share)	(0.03)	0.02
Net realized and unrealized gain on investments and swap contracts (in dollars per share)	0.28	0.46
Change in translation of assets and liabilities denominated in foreign currencies (in dollars per share)	0	0
(Provision for) benefit from income taxes on realized and unrealized gain (loss) on investments and foreign currency translation (in dollars per share)	(0.07)	(0.14)
Net increase in net assets attributed to common members (in dollars per share)	0.18	0.34
Distributions from net investment income (in dollars per share)	0	0
Distributions from offering proceeds (in dollars per share)	(0.18)	(0.54)
Other (in dollars per share)	0	(0.02)
Net decrease in members’ equity attributed to common shares (in dollars per share)	(0.18)	(0.56)
Net asset value for common shares at end of period (in dollars per share)	$ 8.13	$ 8.13
Common members’ equity at end of period	$ 22,503,138	$ 22,290,310
Common shares outstanding at end of period (in shares)	2,766,760	2,741,963		2,734,661
Ratio/supplemental data for common shares (annualized)
Total return attributed to common shares based on net asset value	2.24%	4.03%
Ratio of net investment income to average net assets	(2.64%)	0.26%
Ratio of operating expenses to average net assets	12.44%	3.77%
Portfolio turnover rate	0.84%	0.98%
Class I shares
Earnings per share
Net Asset Value at beginning of period (in dollars per share)	$ 8.32	$ 8.61
Net investment income (loss) (in dollars per share)	(0.03)	0.02
Net realized and unrealized gain on investments and swap contracts (in dollars per share)	0.28	0.46
Change in translation of assets and liabilities denominated in foreign currencies (in dollars per share)	0	0
(Provision for) benefit from income taxes on realized and unrealized gain (loss) on investments and foreign currency translation (in dollars per share)	(0.07)	(0.14)
Net increase in net assets attributed to common members (in dollars per share)	0.18	0.34
Distributions from net investment income (in dollars per share)	0	0
Distributions from offering proceeds (in dollars per share)	(0.18)	(0.56)
Other (in dollars per share)	(0.02)	(0.07)
Net decrease in members’ equity attributed to common shares (in dollars per share)	(0.20)	(0.63)
Net asset value for common shares at end of period (in dollars per share)	$ 8.30	$ 8.32
Common members’ equity at end of period	$ 53,501,158	$ 53,665,823
Common shares outstanding at end of period (in shares)	6,445,062	6,449,493		6,526,001
Ratio/supplemental data for common shares (annualized)
Total return attributed to common shares based on net asset value	1.97%	3.29%
Ratio of net investment income to average net assets	(2.59%)	0.25%
Ratio of operating expenses to average net assets	12.19%	3.67%
Portfolio turnover rate	0.84%	0.98%
Class P-A shares
Earnings per share
Net Asset Value at beginning of period (in dollars per share)	$ 8.58	$ 8.70
Net investment income (loss) (in dollars per share)	(0.03)	0.02
Net realized and unrealized gain on investments and swap contracts (in dollars per share)	0.28	0.46
Change in translation of assets and liabilities denominated in foreign currencies (in dollars per share)	0	0
(Provision for) benefit from income taxes on realized and unrealized gain (loss) on investments and foreign currency translation (in dollars per share)	(0.07)	(0.14)
Net increase in net assets attributed to common members (in dollars per share)	0.18	0.34
Distributions from net investment income (in dollars per share)	0	0
Distributions from offering proceeds (in dollars per share)	(0.18)	(0.56)
Other (in dollars per share)	(0.01)	0.10
Net decrease in members’ equity attributed to common shares (in dollars per share)	(0.19)	(0.46)
Net asset value for common shares at end of period (in dollars per share)	$ 8.57	$ 8.58
Common members’ equity at end of period	$ 6,803,177	$ 6,721,670
Common shares outstanding at end of period (in shares)	794,193	783,593		55,264
Ratio/supplemental data for common shares (annualized)
Total return attributed to common shares based on net asset value	2.07%	5.18%
Ratio of net investment income to average net assets	(2.50%)	0.23%
Ratio of operating expenses to average net assets	11.79%	3.34%
Portfolio turnover rate	0.84%	0.98%
Class P-I shares
Earnings per share
Net Asset Value at beginning of period (in dollars per share)	$ 8.80	$ 9.02
Net investment income (loss) (in dollars per share)	(0.03)	0.02
Net realized and unrealized gain on investments and swap contracts (in dollars per share)	0.28	0.46
Change in translation of assets and liabilities denominated in foreign currencies (in dollars per share)	0	0
(Provision for) benefit from income taxes on realized and unrealized gain (loss) on investments and foreign currency translation (in dollars per share)	(0.07)	(0.14)
Net increase in net assets attributed to common members (in dollars per share)	0.18	0.34
Distributions from net investment income (in dollars per share)	0	0
Distributions from offering proceeds (in dollars per share)	(0.19)	(0.58)
Other (in dollars per share)	0	0.02
Net decrease in members’ equity attributed to common shares (in dollars per share)	(0.19)	(0.56)
Net asset value for common shares at end of period (in dollars per share)	$ 8.79	$ 8.80
Common members’ equity at end of period	$ 908,567,764	$ 810,046,418
Common shares outstanding at end of period (in shares)	103,334,227	92,069,013		36,710,292
Ratio/supplemental data for common shares (annualized)
Total return attributed to common shares based on net asset value	2.10%	4.13%
Ratio of net investment income to average net assets	(2.43%)	0.24%
Ratio of operating expenses to average net assets	11.46%	3.45%
Portfolio turnover rate	0.84%	0.98%
Class P-D shares
Earnings per share
Net Asset Value at beginning of period (in dollars per share)	$ 8.80	$ 8.96
Net investment income (loss) (in dollars per share)	(0.03)	0.02
Net realized and unrealized gain on investments and swap contracts (in dollars per share)	0.28	0.46
Change in translation of assets and liabilities denominated in foreign currencies (in dollars per share)	0	0
(Provision for) benefit from income taxes on realized and unrealized gain (loss) on investments and foreign currency translation (in dollars per share)	(0.07)	(0.14)
Net increase in net assets attributed to common members (in dollars per share)	0.18	0.34
Distributions from net investment income (in dollars per share)	0	0
Distributions from offering proceeds (in dollars per share)	(0.19)	(0.53)
Other (in dollars per share)	0	0.03
Net decrease in members’ equity attributed to common shares (in dollars per share)	(0.19)	(0.50)
Net asset value for common shares at end of period (in dollars per share)	$ 8.79	$ 8.80
Common members’ equity at end of period	$ 1,747,849	$ 1,747,603
Common shares outstanding at end of period (in shares)	198,948	198,548		0
Ratio/supplemental data for common shares (annualized)
Total return attributed to common shares based on net asset value	2.06%	3.81%
Ratio of net investment income to average net assets	(2.44%)	0.22%
Ratio of operating expenses to average net assets	11.52%	3.28%
Portfolio turnover rate	0.84%	0.98%
Class P-S shares
Earnings per share
Net Asset Value at beginning of period (in dollars per share)	$ 8.74	$ 8.84
Net investment income (loss) (in dollars per share)	(0.03)	0.02
Net realized and unrealized gain on investments and swap contracts (in dollars per share)	0.28	0.46
Change in translation of assets and liabilities denominated in foreign currencies (in dollars per share)	0	0
(Provision for) benefit from income taxes on realized and unrealized gain (loss) on investments and foreign currency translation (in dollars per share)	(0.07)	(0.14)
Net increase in net assets attributed to common members (in dollars per share)	0.18	0.34
Distributions from net investment income (in dollars per share)	0	0
Distributions from offering proceeds (in dollars per share)	(0.19)	(0.53)
Other (in dollars per share)	(0.01)	0.09
Net decrease in members’ equity attributed to common shares (in dollars per share)	(0.20)	(0.44)
Net asset value for common shares at end of period (in dollars per share)	$ 8.72	$ 8.74
Common members’ equity at end of period	$ 410,490,496	$ 404,803,246
Common shares outstanding at end of period (in shares)	47,047,838	46,324,757		0
Ratio/supplemental data for common shares (annualized)
Total return attributed to common shares based on net asset value	2%	4.98%
Ratio of net investment income to average net assets	(2.46%)	0.24%
Ratio of operating expenses to average net assets	11.60%	3.53%
Portfolio turnover rate	0.84%	0.98%
Class P-T shares
Earnings per share
Net Asset Value at beginning of period (in dollars per share)	$ 8.52	$ 8.57
Net investment income (loss) (in dollars per share)	(0.03)	0.02
Net realized and unrealized gain on investments and swap contracts (in dollars per share)	0.28	0.46
Change in translation of assets and liabilities denominated in foreign currencies (in dollars per share)	0	0
(Provision for) benefit from income taxes on realized and unrealized gain (loss) on investments and foreign currency translation (in dollars per share)	(0.07)	(0.14)
Net increase in net assets attributed to common members (in dollars per share)	0.18	0.34
Distributions from net investment income (in dollars per share)	0	0
Distributions from offering proceeds (in dollars per share)	(0.19)	(0.53)
Other (in dollars per share)	0.01	0.14
Net decrease in members’ equity attributed to common shares (in dollars per share)	(0.18)	(0.39)
Net asset value for common shares at end of period (in dollars per share)	$ 8.52	$ 8.52
Common members’ equity at end of period	$ 2,057,436	$ 2,040,615
Common shares outstanding at end of period (in shares)	241,447	239,594		0
Ratio/supplemental data for common shares (annualized)
Total return attributed to common shares based on net asset value	2.31%	5.48%
Ratio of net investment income to average net assets	(2.52%)	0.24%
Ratio of operating expenses to average net assets	11.87%	3.48%
Portfolio turnover rate	0.84%	0.98%

Financial Highlights - Narrativ

Financial Highlights - Narrative (Details) - shares	5 Months Ended	7 Months Ended	12 Months Ended
	May 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Financial Highlights (Textual)
Basic (in shares)	174,129,549	201,667,520	126,458,860
Weighted average common shares outstanding, diluted (in shares)	174,129,549		126,458,860
Class A shares
Financial Highlights (Textual)
Basic (in shares)	16,611,759		16,741,429
Weighted average common shares outstanding, diluted (in shares)	16,611,759		16,741,429
Class C shares
Financial Highlights (Textual)
Basic (in shares)	2,754,050		2,751,320
Weighted average common shares outstanding, diluted (in shares)	2,754,050		2,751,320
Class I shares
Financial Highlights (Textual)
Basic (in shares)	6,456,343		6,552,391
Weighted average common shares outstanding, diluted (in shares)	6,456,343		6,552,391
Class P-A shares
Financial Highlights (Textual)
Basic (in shares)	788,471		479,717
Weighted average common shares outstanding, diluted (in shares)	788,471		479,717
Class P-I shares
Financial Highlights (Textual)
Basic (in shares)	100,036,952		67,370,914
Weighted average common shares outstanding, diluted (in shares)	100,036,952		67,370,914
Class P-D shares
Financial Highlights (Textual)
Basic (in shares)	198,732		129,799
Weighted average common shares outstanding, diluted (in shares)	198,732		129,799
Class P-S shares
Financial Highlights (Textual)
Basic (in shares)	47,042,796		128,948
Weighted average common shares outstanding, diluted (in shares)	47,042,796		128,948
Class P-T shares
Financial Highlights (Textual)
Basic (in shares)	240,446		32,304,342
Weighted average common shares outstanding, diluted (in shares)	240,446		32,304,342