1. Home >
  2. M&A >
  3. Divestiture >
  4. United States >
  5. Connecticut >
  6. Altus Power Acquires Construction Solar Assets - 220 Megawatts

M&A Deal Summary

Altus Power Acquires Construction Solar Assets - 220 Megawatts

On December 27, 2022, Altus Power acquired renewable energy company Construction Solar Assets - 220 Megawatts from True Green Capital Management for 293M USD

Acquisition Highlights
  • This is Altus Power’s 1st transaction in the Renewable Energy sector.
  • This is Altus Power’s largest (disclosed) transaction.
  • This is Altus Power’s 1st transaction in the United States.
  • This is Altus Power’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2022-12-27
Target Construction Solar Assets - 220 Megawatts
Sector Renewable Energy
Buyer(s) Altus Power
Sellers(s) True Green Capital Management
Deal Type Divestiture
Deal Value 293M USD

Target

Construction Solar Assets - 220 Megawatts

Westport, Connecticut, United States
Construction Solar Assets - 220 Megawatts add approximately 207 MW of commercial-scale solar assets to Altus Power’s operations, with the remaining 13 MW in the final stages of construction and expected to be completed in the coming months. This portfolio offers additional scale in Altus Power’s existing markets including California, Colorado, Illinois, Massachusetts, New Jersey, and New York and provides entry into two new markets of Delaware and South Carolina. 220 Megawatts - Construction Solar Assets.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Altus Power

Stamford, Connecticut, United States
Category Company
Founded 2009
Sector Renewable Energy
Employees93
Revenue 155M USD (2023)
DESCRIPTION

Altus Power is a commercial-scale provider of clean electric power serving commercial, industrial, public sector and Community Solar customers with end-to-end solutions. Altus Power originates, develops, owns and operates locally sited solar generation, energy storage, and charging infrastructure across the nation. Altus Power was founded in 2009 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

True Green Capital Management

Category Infrastructure
Founded 2011
Size Small
Type Sector Focused
DESCRIPTION

True Green Capital Management is a specialist investment group focused on renewable energy infrastructure opportunities across North America and Europe. True Green Capital Management was founded in 2011 and is based in Westport, Connecticut.

DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-25 Faradae

Lyon, France

Faradae develops, finances and operates self-consumption photovoltaic installations on behalf of building owners/users. Faradae finances photovoltaic installations combining a self-consumption component and a component for sale on the network of the electricity produced. Faradae also provides a legal framework for the client in order to resolve complex situations. Faradae was founded in 2019 and is based in Lyon, France.

Buy -
Mergr

Solution for

Product

Company

Legal