Altus Power, Inc.
announces the acquisition of a 79 MW portfolio ofsolar energy projects operating in seven U.S. states from True Green Capital Management.
Altus Power acquires 340 MW of solar power
The portfolio was acquired from private equity funds managed by True Green Capital Management.
Following the acquisition, Altus Power’s portfolio of operating assets now totals over 340 MW.
The acquisition follows the announcement of Altus Power’s planned business combination with CBRE Acquisition Holdings, which is expected to result in Altus Power becoming a public company listed on the New York Stock Exchange.
7 American states concerned
The acquired solar portfolio includes sites in Massachusetts, New Jersey, Connecticut, Rhode Island, Vermont, New York and Tennessee.
The commercial and industrial projects, which include rooftop, ground-mounted and shelter-mounted solar panels, provide clean electricity through long-term contracts to primarily investment-grade customers, including municipalities, commercial entities and utilities.
Altus Power, solar power and energy storage specialist
The acquisition expands Altus Power’s portfolio of operating projects and diversity of relationships with customers, many of whom are looking for additional electrification solutions.
Including battery storage and charging stations for electric vehicles.
Based in Greenwich, Connecticut, Altus Power is a developer, owner and operator of large-scale photovoltaic and energy storage systems based on roofs, lots and carports.
As well as electric vehicle charging facilities, serving commercial and industrial, public sector and community solar customers.
