Stamford’s Altus Power has acquired a 47.8-megawatt ground-mounted solar portfolio from Tortoise Capital Advisors, a White Plains, New York-based investment adviser focused on sustainable energy.
The portfolio consists of 15 solar projects across Kansas and New York, increasing Altus’ assets to 26 states and its solar-energy capacity in New York to 250 megawatts.
The solar installations acquired from Tortoise serve a range of public-sector clients that include several regional universities, towns and municipalities, Altus said.
“Our team’s ability to seamlessly acquire portfolios of operational assets continues to set us apart,” said Dan Griffin, Altus’ co-head of investment and structured finance. “This acquisition adds to our expanding portfolio serving public sector clients and reinforces our strategy to build density in key markets.”
Marathon Capital acted as exclusive financial advisor on the deal. Financial terms were not disclosed.
Altus, which trades on the New York Stock Exchange as AMPS, is headquartered at 2200 Atlantic St., in Stamford. The company was recently acquired by Texas-based private equity firm TPG for $2.2 billion.Â
