Altus Power adds 79 MW to dispersed solar portfolio

• Altus Power Inc has actually acquired a 79-MW operating solar portfolio, taking its complete dispersed solar generation properties across the US to more than 340 MW.

The Greenwich, Connecticut-based firm stated today it acquired the portfolio from personal equity funds managed by True Green Capital Management LLC, without revealing the price.

The package consists of commercial and also commercial tasks, including roof, ground-mounted as well as carport solar arrays providing electricity under long-term contracts to mainly investment-grade consumers. According to the news, the websites lie across 7 US states-- Massachusetts, New Jersey, Connecticut, Rhode Island, Vermont, New York and Tennessee.

Along with expanding Altus Power's portfolio, the deal adds consumer partnerships, many of which are seeking added electrification remedies such as battery storage and also EV charging stations, the company stated.

Altus Power, which is poised to come to be a public business via a recently announced merging with blank-check firm CBRE Acquisition Holdings Inc (NYSE: CBAH), sets up onsite solar power systems, energy storage space and also electric vehicle (EV) charging stations to serve commercial, public industry and community consumers.