The Fall River solar farm is located in Fall River County and has a 20-year power purchase agreement with utility Black Hills Power.
Greenbacker will oversee the construction, with commercial operations expected in the fourth quarter of 2022.
The acquisition brings Greenbacker’s owned generating capacity to approximately 753.5MW, including assets that are to be constructed.
This is made up of 529.8MW of utility-scale and distributed solar facilities, 192.6MW of wind, 19.1MW of battery storage and 12.0MW of biomass.
Greenbacker chief executive Charles Wheeler said: “We’re excited to have worked with Broad Reach Power on our largest solar project to date.
“Expanding our solar portfolio in South Dakota will provide a clean energy option and a source for local employment in the state.
“We see tremendous potential in large scale pipeline investments such as Fall River Solar for both the people of South Dakota and our shareholders.”
Broad Reach Power managing partner and chief executive Steve Vavrik said: “We also enjoyed our collaboration with the Greenbacker team and look forward to seeing this project continue to advance.”
Read More: Greenbacker acquires 80MW South Dakota solar – reNews