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CORRECTING and REPLACING Altus Power Completes Two New Community Solar Projects in Maine

August 20, 2024 at 09:19 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Clean electric power to benefit local residents

Please replace the release with the following corrected version due to multiple revisions.

The updated release reads:

ALTUS POWER COMPLETES TWO NEW COMMUNITY SOLAR PROJECTS IN MAINE

Clean electric power to benefit local residents

Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced the completion of two solar projects in Maine, totaling 12.6 MWs, increasing the size of the company’s portfolio in the Pine Tree State. Initially developed by one of its partners, these newly built ground-mounted projects will generate clean, electric power with the benefits offered to the local community through the Altus Power Community Solar program.

“As one of the earliest adopters of Community Solar, Maine is a leader in enabling its residents to access the benefits of clean, electric power and we’re proud to strengthen our presence and expand our Community Solar program in the state,” said Matt Marlow, Vice President, Investment and Structured Finance, Altus Power. “By increasing our footprint in Maine, we’ll be able to operate all of our Maine projects more efficiently and be optimally positioned for ongoing growth within the market.”

The clean electric power generated by the new projects will benefit more than 2,600 households in the surrounding community, offsetting the equivalent of nearly 12,000 metric tons of carbon emissions. Altus Power’s portfolio across 25 states serves enterprises committed to achieving carbon reduction goals, anchored by the company’s distributed solar arrays.

As one of the pioneers of Community Solar, Altus Power currently serves more than 25,000 subscribers nationwide. Community Solar provides homeowners and renters of diverse income brackets with the benefits of clean energy savings in the form of discounts on their utility bills without requiring customers to install or maintain their own solar panels. To learn more, visit https://www.altuspower.com/community-solar.

About Altus Power

Altus Power, based in Stamford, Conn., is the leading 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. Visit www.altuspower.com to learn more.