Altus Power, a leading commercial scale power company, today (Jan 28) announced the acquisition of a portfolio of operational community solar projects in Minnesota, reinforcing the company's ability to transact effectively with a wide range of partners and deploy capital with discipline across diverse and evolving market environments.
The acquisition underscores Altus Power's ability to provide certainty and continuity in markets with dynamic regulatory, policy and political conditions.
"Transactions like this demonstrate our ability to execute with confidence in any market environment," said Matt Marlow, Co-Head, Investment & Structured Finance, Altus Power. "By stepping in as a long-term owner and operator, Altus ensures uninterrupted service for existing customers while delivering a clear path forward for partners seeking to transition assets efficiently and responsibly."
The projects, which have been operating for more than six years, serve a diverse mix of local businesses. For the seller, a regional real estate developer, the transaction enabled the realization of value from non-core assets while transferring ownership to a partner with the scale, experience, and operational capabilities to manage solar projects over the long-term.
Mountain View Energy Partners acted as the developer's exclusive advisor on the transaction.
About Altus Power
Altus Power is a leading commercial-scale power company, delivering reliable, cost-effective solar electricity across 30 states and the District of Columbia. With more than 1.3 GW of solar generation assets, Altus Power owns and operates a robust network that serves Fortune 1000 companies, municipalities, schools and households. As a portfolio company of TPG Rise Climate Transition Infrastructure, Altus Power leverages this strategic partnership to scale operations and expand access to affordable, locally-sourced renewable power nationwide. By combining deep market expertise with innovative financing, Altus Power sets the standard for commercial-scale power generation while stabilizing electricity costs and driving the transition to a cleaner, brighter future.
Contacts
For More Information
Jenny Volanakis
Mediarelations@altuspower.com
