Altus power, inc. secures capital to finance additional 35 megawatts of operating assets

Stamford, conn.--(business wire)--altus power, inc. (“altus power” or the “company”) (nyse: amps), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it has secured an incremental $47 million in capital from blackstone. this incremental debt will provide long-term fixed rate financing for 35 megawatts of operating assets in altus power's portfolio. the use of proceeds includes payoff of the $15.8 million outstanding under the company.
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