Debt - Narrative (Details)
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1 Months Ended |
3 Months Ended |
7 Months Ended |
12 Months Ended |
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Dec. 17, 2025
USD ($)
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Oct. 31, 2025
USD ($)
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Aug. 11, 2025 |
Aug. 01, 2025
USD ($)
monthly_installment
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Jun. 05, 2025
USD ($)
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Oct. 30, 2024 |
Oct. 24, 2024
USD ($)
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Aug. 08, 2024
USD ($)
monthly_installment
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Jul. 30, 2024
USD ($)
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May 30, 2023
USD ($)
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Nov. 01, 2022
USD ($)
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Feb. 18, 2022
USD ($)
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Nov. 25, 2021 |
Feb. 25, 2021 |
Oct. 30, 2020
USD ($)
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Feb. 29, 2024 |
Nov. 30, 2023 |
Mar. 31, 2026
USD ($)
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Mar. 31, 2025
USD ($)
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Mar. 31, 2023
USD ($)
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Dec. 31, 2022 |
Dec. 31, 2025
USD ($)
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Dec. 31, 2024
USD ($)
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Dec. 31, 2023
USD ($)
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Dec. 24, 2025
USD ($)
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Jan. 23, 2024
USD ($)
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Mar. 29, 2023
USD ($)
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| Debt Instrument [Line Items] |
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| Repayments of debt |
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$ 32,900,000
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$ 132,600,000
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| Total debt |
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$ 1,321,406,000
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$ 1,298,612,000
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1,110,856,000
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| Initial sale leaseback term (in years) |
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20 years
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9 years 3 months 18 days
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20 years
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| Proceeds from failed sale-leaseback |
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$ 240,969,000
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0
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111,453,000
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$ 241,000,000.0
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| Failed sale leaseback transaction, transaction costs |
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1,000,000.0
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| Transaction costs |
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400,000
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| Total lease payments |
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235,928,000
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235,928,000
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87,400,000
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158,600,000
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| Origination costs |
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900,000
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1,700,000
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| Income from sale-leaseback transfer of tax benefits |
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$ 10,188,000
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$ 10,188,000
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$ 32,951,000
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22,764,000
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$ 0
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| Cider Solar Construction Loan Owner LLC |
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| Debt Instrument [Line Items] |
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| Debt instrument, fee amount |
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$ 1,700,000
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| Face amount of debt |
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$ 81,000,000.0
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$ 30,000,000.0
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| Maximum |
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| Debt Instrument [Line Items] |
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| Imputed interest rate for financing obligation |
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11.50%
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11.50%
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| Incremental borrowing rate for deferred investment tax credit gain |
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5.60%
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5.60%
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| Minimum |
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| Debt Instrument [Line Items] |
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| Imputed interest rate for financing obligation |
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7.20%
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7.20%
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| Incremental borrowing rate for deferred investment tax credit gain |
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4.50%
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4.50%
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| Disposal Group, Disposed of by Sale, Not Discontinued Operations | GREC Entity HoldCo LLC |
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| Debt Instrument [Line Items] |
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| Repayments of debt |
$ 20,400,000
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$ 32,500,000
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| GREC Entity HoldCo LLC | Secured Debt |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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1.85%
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1.85%
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| Total debt |
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$ 0
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56,049,000
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| Midway III Manager LLC | Secured Debt |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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1.73%
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1.73%
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| Total debt |
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$ 0
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13,260,000
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| Greenbacker Wind Holdings II LLC | Secured Debt | Variable Rate, First Timeframe |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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2.03%
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| Greenbacker Wind Holdings II LLC | Secured Debt | Variable Rate, Second Timeframe |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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2.15%
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| Greenbacker Wind Holdings II LLC | Loans Payable |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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2.15%
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2.15%
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| Total debt |
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$ 64,414,000
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$ 64,414,000
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68,838,000
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| Conic Manager LLC | Secured Debt |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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1.75%
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| Debt instrument, fee amount |
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$ 100,000
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| Conic Manager LLC | Loans Payable |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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1.75%
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1.75%
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| Total debt |
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$ 20,934,000
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$ 21,076,000
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22,308,000
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| Turquoise Manager LLC | Secured Debt |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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1.35%
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| Total debt |
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$ 0
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30,252,000
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| Turquoise Manager LLC | Secured Debt | Variable Rate, Second Timeframe |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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1.48%
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| Greenbacker Renewable Energy Company LLC Premium Loan | Premium Financing Loan |
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| Debt Instrument [Line Items] |
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| Face amount of debt |
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$ 4,200,000
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| Interest rate |
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7.15%
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| Payments due, monthly |
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$ 400,000
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| Number of monthly installments (in monthly installments) | monthly_installment |
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9
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| Greenbacker Renewable Energy Corporation (Premium financing agreement) | Premium Financing Loan |
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| Debt Instrument [Line Items] |
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| Face amount of debt |
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$ 4,700,000
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| Interest rate |
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6.78%
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7.15%
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7.15%
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| Payments due, monthly |
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$ 500,000
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| Number of monthly installments (in monthly installments) | monthly_installment |
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9
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| Total debt |
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$ 441,000
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$ 1,699,000
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2,012,000
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| ECA Finco I, LLC | Loans Payable |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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2.35%
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2.60%
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| Total debt |
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$ 0
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17,398,000
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| GB Solar TE 2000 | Secured Debt |
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| Debt Instrument [Line Items] |
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| Maximum borrowing capacity |
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|
|
|
|
|
|
$ 19,600,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payment of principal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| GB Solar TE 2000 | Secured Debt | Variable Rate, First Timeframe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.98%
|
|
|
|
|
|
|
|
|
|
|
|
|
| GB Solar TE 2000 | Secured Debt | Variable Rate, Second Timeframe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
2.10%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| GB Solar TE 2000 | Secured Debt | Variable Rate, Increase Per Annum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Increase to interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.13%
|
|
|
|
|
|
|
|
|
|
|
|
|
| Celadon Manager LLC | Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.60%
|
|
|
|
|
|
| Total debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0
|
72,853,000
|
|
|
|
|
| Celadon Manager LLC | Secured Debt | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Face amount of debt |
|
|
|
|
|
|
|
|
|
|
|
$ 71,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Celadon Manager LLC | Secured Debt | Variable Rate, First Timeframe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
|
|
|
|
|
|
1.60%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Celadon Manager LLC | Secured Debt | Variable Rate, Second Timeframe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
|
|
|
|
|
|
1.63%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Celadon Manager LLC | Secured Debt | Variable Rate, Increase Per Annum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Increase to interest rate |
|
|
|
|
|
|
|
|
|
|
|
0.13%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| PRC Nemasket LLC | Loans Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.25%
|
|
|
|
1.25%
|
|
|
|
|
|
| Total debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 35,706,000
|
|
|
|
$ 37,486,000
|
39,630,000
|
|
|
|
|
| PRC Nemasket LLC | Loans Payable | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Face amount of debt |
|
|
|
|
|
|
|
|
|
|
$ 45,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| PRC Nemasket LLC | Loans Payable | Variable Rate, First Timeframe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
|
|
|
|
|
1.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| PRC Nemasket LLC | Loans Payable | Variable Rate, Second Timeframe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
|
|
|
|
|
1.38%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| PRC Nemasket LLC | Loans Payable | Variable Rate, Third Timeframe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
|
|
|
|
|
0.13%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| PRC Nemasket LLC | Line of Credit | Letter of Credit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maximum borrowing capacity |
|
|
|
|
|
|
|
|
|
|
$ 2,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dogwood GB Manager LLC | Loans Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.73%
|
|
|
|
|
|
| Total debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0
|
58,725,000
|
|
|
|
|
| Dogwood GB Manager LLC | Loans Payable | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Face amount of debt |
|
|
|
|
|
|
|
|
|
$ 90,600,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 58,700,000
|
$ 47,100,000
|
| Dogwood GB Manager LLC | Loans Payable | Variable Rate, First Timeframe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
|
|
|
|
1.63%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dogwood GB Manager LLC | Loans Payable | Variable Rate, Second Timeframe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
|
|
|
|
1.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dogwood GB Manager LLC | Loans Payable | Variable Rate, Increase Per Annum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Increase to interest rate |
|
|
|
|
|
|
|
|
|
0.13%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dogwood GB Manager LLC | Loans Payable | Variable Rate, Third Timeframe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
|
|
|
|
0.10%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| GREC Warehouse Holdings I LLC | Line of Credit | Revolving Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.28%
|
|
|
|
2.28%
|
|
|
|
|
|
| Total debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 78,240,000
|
|
|
|
$ 89,179,000
|
102,334,000
|
|
|
|
|
| GREC Warehouse Holdings I LLC | Line of Credit | Variable Rate, First Timeframe | Revolving Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
2.03%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| GREC Warehouse Holdings I LLC | Line of Credit | Variable Rate, Second Timeframe | Revolving Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate (in percent) |
|
|
2.28%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cider Solar Construction Owner LLC | Loans Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
|
|
9.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14.00%
|
|
|
| Interest rate if prepaid, percentage |
|
|
|
|
|
|
|
|
0.1225
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 81,000,000
|
|
|
|
$ 81,000,000
|
81,000,000
|
|
|
|
|
| Cider Solar Construction Owner LLC | Loans Payable | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14.00%
|
|
|
|
14.00%
|
|
|
|
|
|
| Prepayment premium (discount), percentage |
|
|
|
|
|
|
|
|
0.2250
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cider Solar Construction Owner LLC | Loans Payable | Minimum |
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| Debt Instrument [Line Items] |
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| Interest rate |
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12.25%
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12.25%
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| Cider Solar AcquisitionCo LLC(1) | Loans Payable |
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| Debt Instrument [Line Items] |
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| Total debt |
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$ 485,645,000
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1,539,000
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| Cider Solar AcquisitionCo LLC(1) | Line of Credit | Revolving Credit Facility |
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| Debt Instrument [Line Items] |
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| Maximum borrowing capacity |
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$ 870,000,000.0
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$ 852,000,000.0
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| Cider Solar AcquisitionCo LLC(1) | Line of Credit | Bridge Loan |
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| Debt Instrument [Line Items] |
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| Face amount of debt |
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$ 417,800,000
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399,600,000
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| Cider Solar AcquisitionCo LLC(1) | Line of Credit | Secured Debt |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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1.50%
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| Face amount of debt |
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$ 372,600,000
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372,400,000
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| Cider Solar AcquisitionCo LLC(1) | Line of Credit | Letter of Credit Commitment |
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| Debt Instrument [Line Items] |
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| Maximum borrowing capacity |
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$ 79,500,000
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$ 80,000,000.0
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| Cider Solar AcquisitionCo LLC(1) | Line of Credit | Variable Rate, First Timeframe | Bridge Loan |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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2.25%
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| Cider Solar AcquisitionCo LLC(1) | Line of Credit | Variable Rate, First Timeframe | Secured Debt Tranche A |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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1.88%
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| Cider Solar AcquisitionCo LLC(1) | Line of Credit | Variable Rate, First Timeframe | Secured Debt Tranche B |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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2.13%
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| Cider Solar AcquisitionCo LLC(1) | Line of Credit | Variable Rate, Second Timeframe | Bridge Loan |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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1.63%
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| Cider Solar AcquisitionCo LLC(1) | Line of Credit | Variable Rate, Second Timeframe | Secured Debt Tranche A |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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2.00%
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| Cider Solar AcquisitionCo LLC(1) | Line of Credit | Variable Rate, Second Timeframe | Secured Debt Tranche B |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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2.25%
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| Gemstone 2025 Manager LLC | Loans Payable |
|
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate (in percent) |
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2.25%
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2.25%
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2.25%
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| Debt instrument, fee amount |
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$ 300,000
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| Total debt |
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52,500,000
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|
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$ 52,502,000
|
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$ 52,502,000
|
$ 0
|
|
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|
|
| Legal fees |
|
$ 400,000
|
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