Altus power, inc. announces definitive agreement to acquire approximately 220 megawatts from true green capital management llc

Stamford, conn.--( business wire )--altus power, inc. (“altus power” or the “company”) (nyse: amps), a premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it entered a definitive agreement to acquire approximately 220 megawatts (mw) of newly developed and in construction solar assets for approximately $293 million from funds managed by true green capital management llc (“tgc”). altus power and tgc currently expect the transaction will close during first quarter of 2023 upon satisfaction of certain closing conditions. the company intends to fund the transaction with its long-term funding facility led by blackstone structured finance and cash on hand.
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