Brightcore Energy Announces New Community Solar Project With Altus Power And Brennan Investment Group
Portfolio Pulse from Benzinga Newsdesk
Brightcore Energy has partnered with Altus Power, Inc. (NYSE:AMPS) and Brennan Investment Group on a new community solar project. The project involves installing solar panels across 19 properties, expected to produce 8,993MWh of electricity annually. The 7.5-megawatt rooftop system is set to be completed next month, contributing to significant CO2 emissions reductions. Altus Power's role as a leading clean electric power provider is highlighted, along with the project's alignment with New Jersey's growing community solar program.
November 28, 2023 | 1:10 pm
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Altus Power, Inc. (NYSE:AMPS) is directly involved in a new community solar project with Brightcore Energy and Brennan Investment Group. The project is expected to enhance Altus Power's portfolio of clean energy solutions and may positively influence the company's revenue and sustainability profile.
The involvement of Altus Power in a significant solar project is likely to be viewed positively by investors, as it aligns with the company's growth strategy in the renewable energy sector. The project's completion could lead to increased revenues from energy production and enhance the company's reputation as a leader in clean power, potentially leading to a short-term positive impact on the stock price.
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