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New Deal


Announced

Completed

Altus Power completed the acquisition of Project Hyperion from Basalt and Soltage.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

solar assets

Renewable Energy Equipment

Acquisition

Domestic

Majority

Private

Private Equity

Completed

Friendly

Single Bidder

Synopsis

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Altus Power, a commercial-scale provider of clean electric power, completed the acquisition of Project Hyperion, comprising of 121 Megawatts in solar assets, from Basalt, an investment advisor to infrastructure equity investment funds, and Soltage, a developer, owner, and operator of distributed utility-scale solar and storage assets. Financial terms were not disclosed. “We are pleased to welcome new solar customers to the Altus portfolio and look forward to working with these high-quality government and municipal agencies to help them reach their sustainability goals through the use of clean, electric power. Basalt and Soltage are important partners and their successful development of commercial scale solar complements our strengths in optimizing asset performance and providing superior customer management,” Gregg Felton, Altus Power Co-CEO.

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