Altus Power acquires ten development-stage community solar projects

Altus Power (AMPS) announced the acquisition of ten development-stage community solar projects totaling 58.4 MW in Maryland from Prospect14, a distributed solar energy development firm. In conjunction with the acquisition, Altus Power and Prospect14 entered into a development services agreement in which Prospect14 will complete the development of the solar projects. Once operational, the projects will participate in the Maryland Community Solar program, providing the benefits of clean electric power to approximately 8,000 customers, including an allocation specifically for low-to-moderate income households.