Altus Power acquires 4 MW of solar plants in Georgia
One of four solar parks Altus Power bought in Georgia. Image by: Altus Power.
Altus Power America Inc has finalised the purchase of 4 MW of operating solar parks in Georgia from developer Beltline Energy LLC.
The value of the deal was not provided in the buyer's press release on Wednesday.
The acquired portfolio consists of four single-axis tracker plants and one fixed-tilt photovoltaic (PV) facility. Their combined output of around 6.5 million kWh per year is enough to cover the consumption of 540 local homes. The generated electricity is sold to utility Georgia Power.
"The acquisition of the Beltline assets, together with the strategic acquisition of a significant number of C&I-scale operating solar assets over the past 18 months, solidifies Altus Power's position as a competitive buyer of solar assets throughout the US,” said Sean Rheuben, managing director of Altus Power. He added that the company also works on the development of commercial and industrial (C&I) PV projects.
Since its establishment in 2009, Connecticut-based Altus Power has developed or bought over 150 distributed generation solar plants with a combined capacity exceeding 200 MW.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.