Altus Power Strengthens its Presence in Maine with Operationalization of Three New Community Solar Projects
Altus Power (NYSE: AMPS) has expanded its footprint in Maine by acquiring three new community solar projects, totaling 12.8 MW. These operational projects, purchased from various developers, align with the company's strategy to quickly scale and deliver economic and environmental benefits to local communities. According to Matt Marlow, co-Head of Investment and Structured Finance, the acquisition allows Altus Power to efficiently extend solar benefits to more businesses and households. The projects will serve over 3,300 households, reducing energy costs and carbon emissions through Altus Power's Community Solar program. Altus Power, a leader in Community Solar, already serves over 30,000 subscribers nationwide, offering clean energy savings without requiring individual solar installations.
Altus Power (NYSE: AMPS) ha ampliato la sua presenza nel Maine acquisendo tre nuovi progetti di energia solare comunitaria, per un totale di 12,8 MW. Questi progetti operativi, acquistati da vari sviluppatori, sono in linea con la strategia dell'azienda di crescere rapidamente e offrire benefici economici e ambientali alle comunità locali. Secondo Matt Marlow, co-responsabile degli Investimenti e Finanza Strutturata, l'acquisizione consente ad Altus Power di estendere in modo efficiente i benefici dell'energia solare a un numero maggiore di imprese e famiglie. I progetti serviranno oltre 3.300 famiglie, riducendo i costi energetici e le emissioni di carbonio attraverso il programma di Energia Solare Comunitaria di Altus Power. Altus Power, leader nel settore dell'Energia Solare Comunitaria, già serve oltre 30.000 abbonati a livello nazionale, offrendo risparmi sull'energia pulita senza richiedere installazioni solari individuali.
Altus Power (NYSE: AMPS) ha ampliado su presencia en Maine al adquirir tres nuevos proyectos de energía solar comunitaria, con un total de 12,8 MW. Estos proyectos operativos, comprados a diversos desarrolladores, se alinean con la estrategia de la compañía de escalar rápidamente y ofrecer beneficios económicos y ambientales a las comunidades locales. Según Matt Marlow, co-director de Inversiones y Finanzas Estructuradas, la adquisición permite a Altus Power extender de manera eficiente los beneficios solares a más empresas y hogares. Los proyectos atenderán a más de 3.300 hogares, reduciendo los costos de energía y las emisiones de carbono a través del programa de Energía Solar Comunitaria de Altus Power. Altus Power, líder en Energía Solar Comunitaria, ya atiende a más de 30.000 suscriptores en todo el país, ofreciendo ahorros en energía limpia sin necesidad de instalaciones solares individuales.
알투스 파워 (NYSE: AMPS)는 세 개의 새로운 커뮤니티 태양광 프로젝트를 인수하여 메인주에서의 입지를 확대하였습니다. 총 용량은 12.8 MW입니다. 다양한 개발자로부터 구매한 이 운영 프로젝트는 지역 사회에 경제적 및 환경적 이점을 신속하게 제공하기 위한 회사의 전략과 일치합니다. 투자 및 구조 금융의 공동 책임자인 맷 말로에 따르면, 이번 인수는 알투스 파워가 더 많은 기업과 가정에 태양광 혜택을 효율적으로 확장할 수 있게 합니다. 이 프로젝트는 3,300개 이상의 가정을 지원하며, 알투스 파워의 커뮤니티 태양광 프로그램을 통해 에너지 비용과 탄소 배출량을 줄입니다. 알투스 파워는 커뮤니티 태양광 분야의 선두주자로, 이미 전국에서 30,000명 이상의 구독자에게 개인 태양광 설치 없이 청정 에너지 절감 혜택을 제공하고 있습니다.
Altus Power (NYSE: AMPS) a élargi sa présence dans le Maine en acquérant trois nouveaux projets solaires communautaires, totalisant 12,8 MW. Ces projets opérationnels, achetés à divers développeurs, s'inscrivent dans la stratégie de l'entreprise visant à se développer rapidement tout en offrant des bénéfices économiques et environnementaux aux communautés locales. Selon Matt Marlow, co-responsable des Investissements et des Finances Structurées, cette acquisition permet à Altus Power d'étendre efficacement les avantages solaires à davantage d'entreprises et de foyers. Les projets serviront plus de 3 300 foyers, réduisant les coûts énergétiques et les émissions de carbone grâce au programme de Solarité Communautaire d'Altus Power. Leader dans le domaine de la Solarité Communautaire, Altus Power dessert déjà plus de 30 000 abonnés à l'échelle nationale, offrant des économies d'énergie propre sans nécessiter d'installations solaires individuelles.
Altus Power (NYSE: AMPS) hat seine Präsenz in Maine durch den Erwerb von drei neuen gemeinschaftlichen Solarprojekten ausgeweitet, die zusammen eine Leistung von 12,8 MW haben. Diese operativen Projekte wurden von verschiedenen Entwicklern gekauft und stehen im Einklang mit der Strategie des Unternehmens, schnell im großen Maßstab zu wachsen und wirtschaftliche sowie umweltfreundliche Vorteile für die lokalen Gemeinschaften zu bieten. Laut Matt Marlow, Co-Leiter der Investitionen und strukturierten Finanzierungen, ermöglicht die Akquisition Altus Power, die Solarvorteile effizient auf mehr Unternehmen und Haushalte auszudehnen. Die Projekte werden über 3.300 Haushalte bedienen und die Energiekosten sowie die Kohlenstoffemissionen durch das Community-Solar-Programm von Altus Power senken. Altus Power, ein führendes Unternehmen im Bereich Community Solar, betreut bereits über 30.000 Abonnenten landesweit und bietet Einsparungen bei sauberer Energie, ohne dass individuelle Solarinstallationen erforderlich sind.
- Acquisition of 12.8 MW solar projects in Maine.
- Expansion of Community Solar program to serve 3,300 households.
- Contribution to reduced energy costs and carbon emissions.
- None.
Insights
The addition of 12.8 MW operational solar projects in Maine represents a strategic expansion for Altus Power, though the financial impact is relatively modest given the company's scale. Based on industry averages, these projects could generate approximately
The 3,300 new household subscribers strengthen Altus's recurring revenue base and customer portfolio, which now exceeds 30,000 subscribers nationally. Maine's supportive regulatory environment for community solar and the guaranteed subscriber base make this a low-risk investment with predictable cash flows. However, the immediate financial impact on AMPS's
The community solar market shows strong growth potential, with Maine being a particularly attractive market due to its favorable policies and rising electricity costs. This expansion increases Altus Power's footprint in a strategic region and diversifies its geographic presence. The ability to acquire operational assets from multiple developers demonstrates the company's strong market position and deal-sourcing capabilities.
The addition of 3,300 households represents a
“Our ability to acquire and develop solar assets from a variety of partners allows us to scale quickly and efficiently, ensuring that the economic and environmental benefits of solar power reach more enterprises and households,” said Matt Marlow, co-Head of Investment and Structured Finance, Altus Power. “We’re proud to help
The clean electric power generated by these projects will benefit more than 3,300 households across the state through Altus Power’s Community Solar program, helping subscribers to lower their energy costs while contributing to the reduction of carbon emissions in their communities. Altus Power is committed to building a robust solar portfolio in states with strong renewable energy programs.
As a pioneer in Community Solar, Altus Power serves more than 30,000 subscribers nationwide, providing homeowners and renters from all income brackets with the benefits of clean energy savings, without the need for individual solar installations. To learn more about how Altus Power is transforming community access to solar energy, visit https://www.altuspower.com/community-solar.
About Altus Power
Altus Power, based in
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For More Information
Jenny Volanakis
mediarelations@altuspower.com
Source: Altus Power, Inc.
FAQ
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