Altus Power acquires 19 MW operating solar portfolio

US solar power project investor Altus Power America Inc has completed the acquisition of a multistate operating portfolio of ground-mounted solar assets. The 19 MW portfolio sells the power output to offtakers ranging from regional and national utilities to various municipalities in Massachusetts, North Carolina and New Mexico. Altus acquired the portfolio from a lender through a private foreclosure sale.
The ten solar projects generate approximately 27 million kilowatt hours of electricity annually. Altus Power owns and manages 165 MW of solar PV assets across 14 states.

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