Altus Power, a commercial-scale power company, announces the acquisition of a 12 MW operating solar portfolio from Hecate Energy across Florida, Georgia, Maryland, and Rhode Island. The transaction expands Altus Power’s footprint in Mid-Atlantic and Southeast markets experiencing increased power demand. The projects serve a mix of enterprise and utility offtakers and add to the company’s existing asset base. Altus Power reports operating 1.3 GW of solar capacity across more than 600 projects in 30 states and Washington, DC. Ignite Renewable Capital LLC serves as the exclusive sell-side advisor to Hecate Energy on the transaction.
Hecate Energy divests 12 MW operating solar portfolio to Altus Power
Altus Power has acquired a 12 MW operating solar portfolio from Hecate Energy spanning Florida, Georgia, Maryland, and Rhode Island, advised by Ignite Renewable Capital.
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