Altus Power Acquires Ten Maryland Community Solar Projects, Totaling 58.4 MW, from Prospect14
Altus Power, Inc. Class A (AMPS)
Company Research
Source: Business Wire
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the acquisition of ten development-stage community solar projects totaling 58.4 MW in Maryland from Prospect14, a leading distributed solar energy development firm.In conjunction with the acquisition, Altus Power and Prospect14 entered into a development services agreement in which Prospect14 will complete the development of the solar projects. Once operational, the projects will participate in the Maryland Community Solar program, providing the benefits of clean electric power to approximately 8,000 customers, including an allocation specifically for low-to-moderate income households.“Altus Power has built a reputation for its ability to partner with solar developers to facilitate the deployment of distributed generation solar projects at every stage of the development process, and this transaction is an example of this trusted partnership at
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