Altus Power, a Connecticut-based provider of commercial-scale solar solutions, has acquired a 47.8 MW ground-mounted solar portfolio from Tortoise Capital Advisors. The portfolio consists of 15 operational projects located in Kansas and New York, serving towns, universities, and municipalities with locally generated electricity. Altus Power has increased its presence to 26 US states and expanded its New York portfolio to over 250 MW, now its largest market. The company manages the full lifecycle of its assets and focuses on distributed generation near consumption points to reduce transmission needs. According to Tortoise Capital Advisors, Altus Power’s customer-focused approach and strong operational capabilities enabled the successful transaction. Marathon Capital was the exclusive financial advisor to Tortoise Capital Advisors during the deal.
Altus Power acquires 47.8 MW solar assets in the US
The 47.8 MW solar portfolio, comprising 15 projects in Kansas and New York, expanded Altus Power’s operations to 26 US states and over 250 MW in New York.
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