Stamford, Conn., Jan 09 — Altus Power, a leading commercial-scale power company, today announced the acquisition of a 12 MW solar operating portfolio from Hecate Energy across Florida, Georgia, Maryland and Rhode Island. The transaction expands the company’s footprint in key Mid-Atlantic and Southeast markets that have seen a surge in power demand.
“This portfolio underscores the power of our differentiated platform–disciplined investment, efficient execution, and long-term customer partnerships,” said Dan Griffin, Co-Head of Investment and Structured Finance, Altus Power. “These projects enhance our existing asset base and expand our ability to deliver dependable, cost-effective power to customers across strategic markets with high demand.”
The projects serve a diverse mix of enterprise and utility offtakers, reinforcing Altus Power’s strategy of delivering affordable, incremental power in markets with strong demand and supportive policy frameworks. With 1.3 GW of operating solar assets across more than 600 projects in 30 states and Washington, DC, Altus Power continues to scale where customer needs and long-term fundamentals align.
As demand for clean energy accelerates nationwide, Altus Power is executing a disciplined growth strategy that expands its regional footprints while delivering reliable renewable power today and building the infrastructure needed for a more sustainable energy future.