Altus Power Won Program Allocation Contract For An Additional 18 MWs Of New Rooftop Community Solar Arrays To Offer Clean Energy At A Discount To Customers In The State Of Illinois
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Altus Power (NYSE:AMPS) has won a contract for an additional 18 MWs of new rooftop Community Solar arrays in Illinois. The arrays will be built on rooftops across several real estate portfolios, including assets managed by Iron Mountain, CBRE Investment Management and other industrial owners. These entities will receive rental income from a rooftop lease agreement with Altus Power.
September 28, 2023 | 11:43 am
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Altus Power's contract win for 18 MWs of new rooftop Community Solar arrays in Illinois could boost its revenues and profitability. The deal also expands its footprint in the state.
The contract win is directly related to Altus Power's core business of providing clean electric power. The additional 18 MWs of new rooftop Community Solar arrays will likely increase the company's revenues and profitability. Furthermore, the deal expands its presence in Illinois, potentially opening up more opportunities in the future.
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