Altus Power Operationalizes Three New Community Solar Projects in Maine

STAMFORD, Conn.--(BUSINESS WIRE)-- Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced the successful completion of three new solar projects in Maine, adding a total of 19.1 MWs to the company’s expanding portfolio. By collaborating with multiple development partners, Altus Power has streamlined operations, consolidating these projects to become the sole owner producing enhanced operational efficiency within Maine.

Altus Power Community Solar project in Maine (Photo: Business Wire)

“Our process of acquiring and developing solar assets from many different market participants allows us to build scale swiftly, enabling us to pass along the resulting economies of scale to our partners and the communities we serve,” said Matt Marlow, co-Head of Investment and Structured Finance at Altus Power. “Maine has become one of our most active Community Solar markets, with concentrated Altus project management in the state. These new projects will increase access to the benefits of clean power at a discount for many more households in the state.”

The clean electric power generated by these projects will benefit over 4,200 households, significantly reducing carbon emissions and contributing to Altus Power’s commitment to nationwide carbon reduction. The company’s distributed solar arrays are at the core of its mission to support enterprises and individuals in achieving their sustainability goals.

As a pioneer in Community Solar, Altus Power serves more than 25,000 subscribers nationwide, providing homeowners and renters from diverse 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 Stamford, Conn., is the largest 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/20241031198612/en/

For More Information

Jenny Volanakis

mediarelations@altuspower.com

Source: Altus Power, Inc.