Altus Power America has increased its investment capital by $150 million and is earmarking it for investments in larger commercial, community and small utility scale solar projects. These types of projects offer lower yields since their cash flow and off-taker profile is typically lower risk than many distributed generation C&I projects.
“With this additional capital, Altus Power is excited to be growing its platform for solar investments and is now very well positioned to provide competitive capital for a significant sector of the market,” said Gregg Felton, Managing Partner, Altus Power.
Altus Power, with more than 50 operational solar projects in the US totaling approximately 100MWs, offers solar developers and construction companies the full suite of financial services and is a flexible partner in developing solar assets. Altus’ flexibility includes investing in projects with SREC exposure, below investment grade or non-rated power buyers, community solar farms, net metering credits, floating rate PPAs, or a variety of other project complexities. In addition to investing in operational and construction-ready solar projects, Altus Power invests capital to develop projects in the form of early land option payments or feasibility studies with the aim of creating value for investors and clean energy savings for its clients.
Altus Power America is a Greenwich, CT-based company that invests in, owns and operates clean energy projects.
— Solar Builder magazine