Altus Power completed the acquisition of 88MW operating solar assets from D. E. Shaw Renewable Investments for $220m.

Altus Power, an independent developer, owner and operator of commercial-scale solar facilities, completed the acquisition of 88MW operating solar assets, from D. E. Shaw Renewable Investments, a capital market company, for $220m. “We are excited to bring these new long-term customer relationships and operating assets to our portfolio of C&I solar and storage assets. We welcome the opportunity to serve customers in new markets including Pennsylvania, Indiana, Arizona and Nevada, as well as to grow our footprint in existing markets. Altus Power will continue to focus on expanding our customer base as well as profitably increasing the size of our portfolio of commercial-scale assets by leveraging our specific expertise of executing both development and operating opportunities," Gregg Felton, Altus Power Co-CEO.