Altus acquires 3.4 MW community solar development project in Maryland

Altus Power (AMPS) announced the acquisition of a 3.4 MW solar project from Chaberton Energy, a Maryland-based national renewable energy project developer, which Altus Power will complete development of and then construct. Upon completion, the power generated by the asset, owned and operated by Altus and located in East New Market, Maryland, will deliver the benefits of clean, electric power to the local community, through Maryland’s Community Solar Energy Generating Systems or CSEGS pilot program. “We’re proud to be expanding our portfolio in Maryland and growing our Community Solar subscriber base in the state, enabling more households to access the benefits of clean, electric power,” said Abhi Parmar, Chief Investment Officer of Altus Power. “The Chaberton team’s expertise and vision was instrumental in bringing this project to fruition, and we look forward to future collaborations.”