The portfolio is comprised of 92 projects in 13 states, adding nearly 200 MW of solar and 10 MW of battery storage to Altus Power’s portfolio at a time when rising electricity demand and grid constraints increase the need for power generated closer to where it is used.

The portfolio deepens Altus Power’s presence in New York, New Jersey, Massachusetts and California, where added density in these established markets makes operations and maintenance across its fleet more efficient.

The acquisition was financed in part through Altus Power’s existing credit facility with Blackstone Credit & Insurance.

Marathon Capital served as the exclusive financial advisor to Arevon on the transaction.

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