Altus Power Acquires 12 MW Commercial-Scale Solar Portfolio Across Four U.S. States
Altus Power has acquired a 12 MW operating commercial-scale solar portfolio from Hecate Energy, spanning Florida, Georgia, Maryland and Rhode Island. The transaction strengthens Altus Power’s presence in key U.S. solar markets with rising electricity demand.
Transaction date: · Source: businesswire.com
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 12 MW
- Transaction price
- Not disclosed
- Buyer
- Altus Power
- Seller
- Hecate Energy
- Country
- United States
- Region
- Mid-Atlantic and Southeast United States
- Location
- Multiple commercial-scale solar sites across Florida, Georgia, Maryland and Rhode Island
- Continent
- North America
- Development status
- Operational
- PPA
- n.a.
Technology details
The portfolio consists of commercial-scale solar photovoltaic assets that are already operating and supplying electricity to enterprise and utility offtakers.
Additional information
The acquisition expands Altus Power’s footprint in high-demand Mid-Atlantic and Southeast markets. The projects serve a diversified mix of enterprise and utility customers and reinforce Altus Power’s strategy of disciplined growth in regions with strong demand and supportive policy frameworks. Ignite Renewable Capital LLC acted as exclusive sell-side advisor to Hecate Energy.
Source
Original announcement: https://www.businesswire.com/news/home/20260108020262/en/Altus-Power-Acquires-12-MW-of-Commercial-Scale-Solar-Assets-Across-Four-States