January 04, 2024
Utility Scale Clean Power
Mergers and Acquisitions
Marathon Capital, LLC (“Marathon Capital”) is pleased to announce the sale of Project Hyperion, LLC, a 121 MW portfolio of solar assets (the “Portfolio”), to Altus Power, Inc. (NYSE: AMPS). Hyperion was acquired from funds advised by Basalt Infrastructure Partners LLC and Soltage, LLC, a leading owner and developer of distributed solar and storage assets. Marathon Capital acted as exclusive financial advisor to Basalt and Soltage for the transaction.
The Portfolio is comprised of 35 sites across 6 states, primarily located in North Carolina and South Carolina. The transaction expands Altus’ presence in the Southeast and introduces new government and municipal entities into the Altus Portfolio.