Altus Power acquires 2.5-MW solar project in Vermont

Altus Power America has completed the acquisition of a 2.5-MW operating solar project in Charlotte, Vermont. The acquired project generates approximately 3 million kWh of electricity annually.

This project sells energy to VEPP, a nonprofit Vermont Corporation that administers two of Vermont’s Renewable Energy Programs under contract with the Vermont Public Utility Commission.

“We are pleased to add this operating asset to our growing national portfolio of distributed generation solar assets. Altus Power’s reputation for providing sellers with competitive prices and transaction certainty has significantly increased our transaction pipeline,” said Gregg Felton, managing partner of Altus Power.

Altus Power’s portfolio includes over 170 total solar assets, including four operating assets in Vermont.

News item from Altus Power

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Original Source: https://www.solarpowerworldonline.com/2020/11/altus-power-acquires-vermont-solar-project/