Gregg Felton

Both companies have authorized a binding agreement last week for the solar energy portfolio for $293 million. TGC said that the equity funding for these assets was provided by the third fund of TGC, True Green Capital Fund III, as well as its funding partners provided debt as well as tax equity.

Altus Power said that the bargain is for around $293 million from funds managed by True Green Capital Management. The acquired portfolio, as soon as closed, will without delay include 207 MW of commercial-scale solar assets to Altus Power's operations and the staying 13 MW later on.

On Wednesday, Altus Power America, a Greenwich, Connecticut-based clean electrification business that offers industrial, community, energy as well as domestic clients, revealed that it has obtained 100MW of distributed solar properties in the U.S. states of California, Maryland, Massachusetts, Minnesota, new York and Vermont.