Altus Power Purchases 8.5 MW Project in New Jersey, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Altus Power (NYSE:AMPS) has acquired an 8.5 MW solar project in New Jersey, expanding its portfolio in the state to 185.5 MW. The project will generate clean energy and Solar Renewable Energy Credits (SRECs) for PJM, the local independent system operator. The acquisition includes 63 acres of land, providing future redevelopment opportunities.
June 24, 2024 | 11:48 am
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Altus Power has acquired an 8.5 MW solar project in New Jersey, expanding its portfolio in the state to 185.5 MW. This acquisition is expected to enhance the company's revenue through the sale of clean energy and Solar Renewable Energy Credits (SRECs) to PJM.
The acquisition of the 8.5 MW solar project will likely boost Altus Power's revenue through the sale of clean energy and SRECs. The expansion in New Jersey, a leader in renewable energy, strengthens the company's market position and future redevelopment opportunities.
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