Altus Power Announces New 1.7 MW Solar Project in Northern California
Altus Power (NYSE: AMPS) has completed a 1.7 MW rooftop solar project at a distribution center in Vacaville, CA. The installation, part of California's Net Energy Metering 2.0 program, is designed to meet approximately 80% of the 839,000 square foot facility's annual energy needs at discounted rates.
The project is expected to reduce emissions by 1,000 metric tons of CO2 annually and 35,000 metric tons over its 35-year useful life. The installation will provide benefits to the building owner through new rental streams and discounted energy rates.
This addition expands Altus Power's California presence to 120 MW of solar assets. The company's portfolio now spans 25 states, serving enterprises focused on carbon reduction goals through local clean energy generation.
Altus Power (NYSE: AMPS) ha completato un progetto solare da 1,7 MW su un tetto di un centro di distribuzione a Vacaville, CA. L'installazione, parte del programma Net Energy Metering 2.0 della California, è progettata per soddisfare circa l'80% del fabbisogno energetico annuale della struttura di 839.000 piedi quadrati a tariffe scontate.
Si prevede che il progetto riduca le emissioni di 1.000 tonnellate metriche di CO2 annualmente e 35.000 tonnellate metriche nel suo ciclo di vita utile di 35 anni. L'installazione offrirà vantaggi al proprietario dell'edificio attraverso nuovi flussi di affitto e tariffe energetiche scontate.
Questa aggiunta espande la presenza di Altus Power in California a 120 MW di asset solari. Il portafoglio dell'azienda ora si estende su 25 stati, servendo imprese focalizzate su obiettivi di riduzione delle emissioni di carbonio tramite generazione di energia pulita locale.
Altus Power (NYSE: AMPS) ha completado un proyecto solar de 1.7 MW en un centro de distribución en Vacaville, CA. La instalación, parte del programa de Medición Neta de Energía 2.0 de California, está diseñada para satisfacer aproximadamente el 80% de las necesidades energéticas anuales de la instalación de 839,000 pies cuadrados a tarifas con descuento.
Se espera que el proyecto reduzca las emisiones en 1,000 toneladas métricas de CO2 anualmente y 35,000 toneladas métricas durante su vida útil de 35 años. La instalación proporcionará beneficios al propietario del edificio a través de nuevos ingresos por alquiler y tarifas de energía con descuento.
Esta adición amplía la presencia de Altus Power en California a 120 MW de activos solares. El portafolio de la compañía ahora abarca 25 estados, sirviendo a empresas enfocadas en objetivos de reducción de carbono a través de generación de energía limpia local.
Altus Power (NYSE: AMPS)는 캘리포니아 Vacaville의 유통 센터에 1.7 MW 옥상 태양광 프로젝트를 완료했습니다. 이 설치는 캘리포니아의 넷 에너지 미터링 2.0 프로그램의 일환으로, 839,000 평방 피트 시설의 연간 에너지 수요의 약 80%를 할인된 요금으로 충족할 수 있도록 설계되었습니다.
이 프로젝트는 연간 1,000 미터톤의 CO2를 줄일 것으로 예상되며 35년의 유효 수명 동안 총 35,000 미터톤을 줄일 것입니다. 이 설치는 새로운 임대 수익 흐름과 할인된 에너지 요금을 통해 건물 소유자에게 혜택을 제공할 것입니다.
이번 추가로 Altus Power의 캘리포니아 자산은 120 MW로 확대됩니다. 이 회사의 포트폴리오는 이제 25개 주로 확장되어, 지역 청정 에너지 생산을 통해 탄소 감소 목표에 집중하는 기업에 서비스를 제공합니다.
Altus Power (NYSE: AMPS) a achevé un projet solaire de 1,7 MW sur le toit d'un centre de distribution à Vacaville, CA. L'installation, faisant partie du programme Net Energy Metering 2.0 de Californie, est conçue pour répondre à environ 80 % des besoins énergétiques annuels des 839 000 pieds carrés de la structure à des tarifs réduits.
Ce projet devrait réduire les émissions de 1 000 tonnes métriques de CO2 par an et 35 000 tonnes métriques durant sa durée de vie utile de 35 ans. L'installation apportera des avantages au propriétaire du bâtiment grâce à de nouveaux flux de location et des tarifs énergétiques réduits.
Cette addition étend la présence d'Altus Power en Californie à 120 MW d'actifs solaires. Le portefeuille de l'entreprise s'étend désormais sur 25 États, servant des entreprises axées sur des objectifs de réduction des émissions de carbone grâce à la production d'énergie propre locale.
Altus Power (NYSE: AMPS) hat ein 1,7 MW Solardachprojekt in einem Vertriebszentrum in Vacaville, CA, abgeschlossen. Die Installation, Teil des Net Energy Metering 2.0-Programms in Kalifornien, ist so konzipiert, dass sie etwa 80% des Jahresenergiebedarfs der 839.000 Quadratfuß großen Einrichtung zu ermäßigten Tarifen abdeckt.
Das Projekt wird voraussichtlich die Emissionen um 1.000 metrische Tonnen CO2 jährlich reduzieren und über seine 35-jährige Lebensdauer insgesamt 35.000 metrische Tonnen einsparen. Die Installation wird dem Gebäudeeigentümer Vorteile in Form neuer Mietströme und ermäßigten Energiepreisen bieten.
Diese Erweiterung erhöht die Präsenz von Altus Power in Kalifornien auf 120 MW an Solarvermögen. Das Portfolio des Unternehmens erstreckt sich nun über 25 Bundesstaaten und bedient Unternehmen, die sich auf Ziele zur Reduzierung von Kohlenstoffemissionen durch lokale erneuerbare Energieerzeugung konzentrieren.
- New 1.7 MW solar project adds to existing 120 MW California portfolio
- Project will generate rental income and provide discounted energy rates
- System designed to meet 80% of facility's annual energy consumption
- 35-year useful life ensures long-term revenue stream
- None.
Insights
This 1.7 MW solar project, while modest in size, represents strategic value for Altus Power's California expansion. The project's integration into an 839,000 square foot distribution center in Vacaville demonstrates the company's focus on large-scale commercial properties, where rooftop solar installations can maximize both energy generation and financial returns.
The project's participation in California's Net Energy Metering (NEM) 2.0 program is particularly noteworthy. Under this program, the solar installation can provide nearly 80% of the facility's annual energy consumption, creating a significant value proposition for both the property owner and tenants through reduced operating costs and new rental income streams. This dual-benefit model strengthens Altus Power's competitive position in the commercial solar sector.
Within Altus Power's broader portfolio context, this installation adds to their existing 120 MW footprint in California, the nation's leading solar market. The strategic location in Northern California's logistics corridor positions the company to capitalize on the growing demand for sustainable warehousing and distribution facilities. The projected 35-year useful life suggests a stable, long-term revenue generation opportunity, while the environmental benefits - including 1,000 metric tons of annual CO2 reduction - align with increasing corporate sustainability mandates.
For investors, this project exemplifies Altus Power's execution capabilities in the commercial solar space and their ability to secure prime commercial real estate partnerships. The company's end-to-end service model and long-term ownership approach create recurring revenue opportunities while minimizing transmission infrastructure costs through localized generation.
“Projects like this showcase the dual benefits of commercial-scale solar,” said Brett Phillips, Altus Power’s Director of Western US. “The project will deliver clean energy over its 35-year useful life to the facility while also reducing operating costs for users and increasing asset value for the property owner. We’re proud to support the facility’s sustainability goals and promote the value of renewable energy across the state of California.”
The project will deliver significant benefits to the building owner, including new rental streams and discounted energy rates. The project adds to Altus Power’s footprint of 120 MWs of solar assets across The Golden State.
Altus Power’s portfolio across 25 states serves enterprises committed to achieving carbon reduction goals. As a full service, end-to-end commercial-scale solar provider with a long-term ownership mindset, Altus Power generates clean electric power near the place of consumption, alleviating incremental transmission requirements.
About Altus Power
Altus Power, based in
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Media Contact
Jenny Volanakis
mediarelations@altuspower.com
Source: Altus Power, Inc.
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