Altus Power and CBRE team on power project at the Arsenal Trade Center

Altus Power (AMPS) announced an agreement to construct a 10.5-megawatt solar project on three modern logistics buildings in New Jersey totaling more than 1.1 million sq. ft., developed by Trammell Crow Company, TCC and CBRE Investment Management (CBRE) …Upon completion, the benefits of the clean electric power generated from the solar array will be made available to CBRE tenants and local New Jersey residents through the Altus Power Community Solar program, part of the New Jersey Community Solar Energy Program. “The introduction of this solar project in the heart of the Central New Jersey Industrial Market marks a significant milestone in our partnership with CBRE IM and TCC and our shared commitment to delivering sustainable energy solutions,” said Brett Phillips, Director, Investment and Structured Finance, Altus Power. “With the addition of these assets, we are not only expanding our footprint in the Garden State but also delivering meaningful benefits to the communities we serve.”…Upon completion the clean electric power generated by the solar project is expected to benefit up to 1,800 households. Altus Power’s distributed solar generation systems are at the core of its mission to support enterprises and households in achieving their sustainability goals.