Credit: Phono solar pv plant USA.
Altus Power America has increased its investment capital by US$150 million for large-scale commercial, community and small utility-scale solar projects.
Gregg Felton, managing partner, Altus Power, said: "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."
The new capital will help Altus Power to compete more aggressively for larger projects.
The fund is in addition to US$333 Million raised earlier by Altus Power for traditional C&I solar investment business.
Altus power has over 50 operational solar projects totalling 100MW capacity, it owns and operates clean energy projects and has been investing in solar since 2009.
Solar Media’s Energy Storage Summit Americas has arrived in Miami, freely called the capital of Latin America, to provide a platform for this next step in renewable energy industry.