Altus Power announced the acquisition of an 8.5 MW solar array in New Jersey. The ground-mounted project generates clean, electric power that will be sold to PJM, the local independent system operator, as well as Solar Renewable Energy Credits, and increases the size of the company’s New Jersey portfolio to 185.5 MW in aggregate. “New Jersey is a national leader in renewable energy and we’re pleased to expand our footprint in the Garden State,” said Gregg Felton, CEO, Altus Power. “This acquisition includes 63 acres of land which enhances our flexibility to redevelop this site in the future and maximize long-term value.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMPS:
- Fly Insider: Zillow, Analog Devices among week’s notable insider trades
- Best Buy upgraded, Target initiated: Wall Street’s top analyst calls
- Altus Power initiated with a Buy at Seaport on ‘strong’ operations and brand
- Altus Power initiated with a Buy at Seaport Research
- Altus Power (AMPS): Shifting Towards Clean Energy
Questions or Comments about the article? Write to editor@tipranks.com