Altus Power Strengthens its Presence in Maine with Operationalization of Three New Community Solar Projects
December 05 2024 - 8:00AM
Business Wire
Altus Power (NYSE: AMPS), the largest commercial-scale provider
of clean electric power, today announced the acquisition of three
operational projects in Maine, adding a total of 12.8 MWs to its
growing presence in the Pine Tree State. Purchased from multiple
developers, the late-stage development projects are part of the
company’s strategic focus on acquiring operational assets that
provide immediate benefits to local communities.
“Our ability to acquire and develop solar assets from a variety
of partners allows us to scale quickly and efficiently, ensuring
that the economic and environmental benefits of solar power reach
more enterprises and households,” said Matt Marlow, co-Head of
Investment and Structured Finance, Altus Power. “We’re proud to
help Maine communities access the benefits of clean energy while
contributing to the state’s leadership in renewable
innovation.”
The clean electric power generated by these projects will
benefit more than 3,300 households across the state through Altus
Power’s Community Solar program, helping subscribers to lower their
energy costs while contributing to the reduction of carbon
emissions in their communities. Altus Power is committed to
building a robust solar portfolio in states with strong renewable
energy programs.
As a pioneer in Community Solar, Altus Power serves more than
30,000 subscribers nationwide, providing homeowners and renters
from all income brackets with the benefits of clean energy savings,
without the need for individual solar installations. To learn more
about how Altus Power is transforming community access to solar
energy, visit https://www.altuspower.com/community-solar.
About Altus Power
Altus Power, based in Stamford, Conn., is the largest
commercial-scale provider of clean electric power serving
commercial, industrial, public sector and Community Solar customers
with end-to-end solutions. Altus Power originates, develops, owns
and operates locally-sited solar generation, energy storage and
charging infrastructure across the nation. Visit www.altuspower.com
to learn more.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241205728193/en/
For More Information Jenny Volanakis
mediarelations@altuspower.com
Altus Power (NYSE:AMPS)
Historical Stock Chart
From Nov 2024 to Dec 2024
Altus Power (NYSE:AMPS)
Historical Stock Chart
From Dec 2023 to Dec 2024