Altus Power Adds 3 MW of Solar Assets in the Greater Boston Area

Rhea-AI Summary

Altus Power adds 3 MW in solar arrays to its operating portfolio in Greater Boston area, bringing total Massachusetts portfolio to 117 MW. Assets will produce 3,300,000 kWh in next 12 months, equivalent to avoiding 2,400 metric tons of CO2 annually. Positive for Altus Power's clean energy goals and supporting Massachusetts' clean energy targets.

Positive

• Addition of 3 MW in solar arrays to operating portfolio
• Total Massachusetts portfolio now at 117 MW
• Assets to produce 3,300,000 kWh in next 12 months
• Equivalent to avoiding 2,400 metric tons of CO2 annually

Negative

• None.

STAMFORD, Conn.--(BUSINESS WIRE)-- Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the addition of 3 MW in solar arrays to its operating portfolio currently serving the Greater Boston area. The assets were introduced by a Massachusetts developer and add to the company’s 117 MW in Massachusetts as of June 30, 2023.

“We’re pleased to continue the expansion of our Massachusetts solar portfolio, delivering the benefits of clean electric power to businesses and residents in the state,” said Gregg Felton, co-CEO and co-founder, Altus Power. “Massachusetts has set ambitious goals for the use of clean energy and we’re proud to support those goals through the numerous solar arrays we own and operate across the Commonwealth.”

These commercial and industrial solar arrays are all sited on rooftops and the benefits of the clean electric power generated will be available to private entities and a local college. The solar assets will produce approximately 3,300,000 kWh in the next 12 months, the equivalent of 2,400 metric tons of carbon dioxide avoided annually. Altus Power’s portfolio across 25 states serves enterprises committed to achieving carbon reduction goals, anchored by the company’s distributed solar arrays.

About Altus:

Altus Power, based in Stamford, Conn., is the leading commercial-scale provider of clean electric power serving commercial, industrial, public sector and Community Solar customers with end-to-end solutions. Altus Power originates, develops, owns and operates locally-sited solar generation, energy storage and charging infrastructure across the nation. Visit www.altuspower.com to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230908707890/en/

Media Inquiries

Chris Shelton

Head of Investor Relations

mediarelations@altuspower.com

Source: Altus Power, Inc.