Altus Power acquires 2.2 MWdc solar portfolio of roof and carport projects

Altus Power America has completed the acquisition of a multi-state portfolio of operating rooftop and carport solar assets. The 2.2-MWdc portfolio of solar energy systems sell clean, renewable energy to off-takers including a charter school and private corporations in Colorado, New Jersey and New Mexico. Altus acquired the portfolio from a prominent renewable energy services provider specializing in distributed generation solar projects.

The Meadowlands solar carport.

“Altus Power is pleased to have worked with the seller to accommodate an expeditious and successful closing. We are excited to have expanded Altus’ footprint into new jurisdictions,” said Adam Constantinides, associate of Altus Power.

Together, the three solar projects generate approximately 2.9 million kWh of electricity annually, enough energy to power the equivalent of 240 homes.

“Altus Power is focused on aggressively expanding its solar portfolio by both developing greenfield and acquiring operating solar projects,” said Gregg Felton, managing partner of Altus. “As a long-term owner with an exclusive focus on solar assets, we believe Altus is particularly well positioned to acquire complex portfolios of distributed generation solar assets across the country.”

News item from Altus Power America

Leave Comment

Your email address will not be published. Required fields are marked *