Project Finance Brief: Altus Power Acquires 79 MW of Operating Solar Projects in the US
Clearway Energy to acquire the remaining 50% interest in the 530 MW Utah solar portfolio
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Altus Power – an investor, owner, and operator of clean energy projects – announced that it had acquired a 79 MW portfolio of solar projects operating across seven U.S. states. The portfolio was acquired from private equity funds managed by True Green Capital Management. The acquired solar portfolio includes sites in Massachusetts, New Jersey, Connecticut, Rhode Island, Vermont, New York, and Tennessee. The commercial and industrial projects, including rooftop, ground-mount, and carport solar arrays, deliver clean electricity via long-term contracts to predominantly investment-grade customers, including municipalities, commercial entities, and utilities.
