Altus Power is merging with a special purpose acquisition company (SPAC) in a transaction that values the commercial and industrial (C&I) solar and storage developer at US$1.58 billion.
Altus Power has acquired a multistate operating portfolio of ground-mounted solar assets located in Massachusetts, North Carolina and New Mexico. The portfolio has a combined generation capacity of 19MW.
Altus Power America has increased its investment capital by US$150 million for large scale commercial, community and small utility scale solar projects.
