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Activities between Nov. 16, 2024, 12:13 a.m. and Nov. 23, 2024, 12:13 a.m. from: Microgrid And Custom Electrical Equipment.

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Altus Power Announces Acquisition of 3.4 MW Community Solar Development Project in Maryland from Chaberton Energy

Document Date: Nov. 21, 2024, 1 p.m. / Source: Business Wire
Activity Class: PartnershipActivity
Partnership: Awarded: Document Extract: Altus Power Announces Acquisition of 3.4 MW Community Solar Development Project in Maryland from Chaberton Energy. Altus Power, the largest commercial-scale provider of clean electric power, today announced the acquisition of a 3.4 MW solar project from Chaberton Energy, a Maryland - based national renewable energy project developer, which Altus Power will complete development of and then construct. Upon completion, the power generated by the asset, owned and operated by Altus and located in East New Market, Maryland, will deliver the benefits of clean, electric power to the local community, through Maryland's Community Solar Energy Generating Systems (CSEGS) pilot program. " We 're proud to be expanding our portfolio in Maryland and growing our Community Solar subscriber base in the state, enabling more households to access the benefits of clean, electric power ," said Abhi Parmar, Chief Investment Officer of Altus Power. " The Chaberton team's expertise and vision was instrumental in bringing this project to fruition, and we look forward to future collaborations ."
Document Source: https://www.businesswire.com/news/home/20241121713058/en/Altus-Power-Announces-Acquisition-of-3.4-MW-Community-Solar-Development-Project-in-Maryland-from-Chaberton-Energy (archive.org page / archive.org listing)


Altus Power Announces Acquisition of 3.4 MW Community Solar Development Project in Maryland from Chaberton Energy

Document Date: Nov. 21, 2024, 1 p.m. / Source: Business Wire
Activity Class: PartnershipActivity / Region: Maryland
Partnership: Document Extract: Senake Gajamera, Chaberton Energy's Chief Financial Officer, said, "In Altus Power we have a partner who shares our goal of helping communities access local, affordable green energy. We 're so proud to be working with Altus to put more clean power on the grid for Marylanders ." As part of the development of the project, more than three acres of land were placed under forest conservation and will be protected from non-agricultural development, and more than $ 2 million will be invested in grid and substation upgrades, resulting in better electrical reliability for Dorchester County and surrounding areas. Upon completion, the clean electric power generated by this project is expected to benefit more than 380 households, significantly reducing carbon emissions and contributing to Altus Power's commitment to nationwide carbon reduction. Altus Power's distributed solar generation systems are at the core of its mission to support enterprises and individuals in achieving their sustainability goals.
Document Source: https://www.businesswire.com/news/home/20241121713058/en/Altus-Power-Announces-Acquisition-of-3.4-MW-Community-Solar-Development-Project-in-Maryland-from-Chaberton-Energy (archive.org page / archive.org listing)

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