Altus Power (NYSE:AMPS, Financial), the largest commercial scale provider of clean electric power, today announced plans to develop a new 750kW solar system in Cherry Valley, Illinois, in partnership with the building developer, Venture One, and the long-term owner, Affinius Capital (formerly USAA Real Estate and Square Mile Capital). The benefits of the clean electric power generated by the array will be delivered under a long-term contract to the tenant, DB Schenker, helping to decarbonize their operations at the site.
“Our growing reputation among real estate developers as a one-stop provider of on-site solar solutions produced this opportunity to partner with Venture One. Our ability to coordinate with multiple counterparties and drive execution of long-term agreements for our solar solutions is designed to enhance value for developers, owners and tenants alike,” said Gregg Felton, co-CEO and co-founder, Altus Power. “We are pleased to welcome Affinius Capital to our roster of partners and we look forward to working with them on future projects to decarbonize their buildings.”
Altus Power’s portfolio across 25 states serves corporations committed to achieving carbon reduction goals, starting with on-site generated solar electric power. As a full service, end-to-end commercial solar provider, Altus Power enables corporations to access clean electric power while delivering comprehensive power usage insights. Altus Power’s AI-powered dashboard helps businesses striving to achieve decarbonization commitments make informed decisions in order to reduce carbon emissions and satisfy reporting requirements.
As one of the pioneers of Community Solar, Altus Power currently serves more than 25,000 subscribers nationwide. Community Solar provides homeowners and renters of diverse income brackets with the benefits of clean energy savings in the form of discounts on their utility bills without requiring customers to install or maintain their own solar panels. To learn more, visit https://www.altuspower.com/community-solar.
About Altus Power
Altus Power, based in Stamford, Conn., is the leading commercial-scale provider of clean electric power serving commercial, industrial, public sector and Community Solar customers with end-to-end solutions. Altus Power originates, develops, owns and operates locally-sited solar generation, energy storage and charging infrastructure across the nation. Visit www.altuspower.com to learn more.
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