Altus Power Acquires 105 MW DC In-Construction Solar Portfolio in New York from Cordelio Power
Altus Power has acquired a 105 MW DC portfolio of four in-construction solar projects in New York State from Cordelio Power. The projects are backed by 20-year NYSERDA Renewable Energy Standard contracts, supporting New York’s clean energy goals and providing long-term revenue stability.
Transaction date: · Source: businesswire.com
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 105 MW
- Transaction price
- Not disclosed
- Buyer
- Altus Power
- Seller
- Cordelio Power
- Country
- United States
- Region
- New York State
- Location
- Four ground-mounted solar projects located across New York State
- Continent
- North America
- Development status
- Under Construction
- PPA
- Yes
Technology details
The portfolio consists of four ground-mounted solar photovoltaic projects totaling 105 MW DC. All projects are approved and under construction and have secured long-term offtake arrangements.
Power purchase agreement (PPA)
20-year Renewable Energy Standard (RES) power contracts with the New York State Energy Research and Development Authority (NYSERDA).
Additional information
The acquisition supports New York State’s clean energy targets and expands Altus Power’s largest regional market. All four projects have entered into 20-year Renewable Energy Standard (RES) contracts with the New York State Energy Research and Development Authority (NYSERDA), providing long-term revenue stability. The transaction reflects Altus Power’s strategy of acquiring high-quality, late-stage assets from development partners recycling capital.
Source
Original announcement: https://www.businesswire.com/news/home/20260115191753/en/Altus-Power-Acquires-105MW-DC-of-In-Construction-Solar-Projects-from-Cordelio-Power