Altus Power Expands Solar Footprint with 12 MW Portfolio Acquisition Across Four States

Altus Power, a leading commercial-scale solar company, has acquired a 12 MW operating solar portfolio from Hecate Energy, spanning Florida, Georgia, Maryland, and Rhode Island. The acquisition strengthens the company’s presence in key Mid-Atlantic and Southeast markets experiencing rising electricity demand.

The newly acquired projects complement Altus Power’s existing asset base, enhancing its capacity to deliver cost-effective and reliable power to enterprise and utility offtakers across strategic regions. With more than 1.3 GW of operating solar assets across 600+ projects in 30 states and Washington, D.C., the company continues to scale in markets aligned with customer needs and long-term fundamentals.

Dan Griffin, Co-Head of Investment and Structured Finance at Altus Power, said, “This portfolio underscores the power of our differentiated platform—disciplined investment, efficient execution, and long-term customer partnerships. These projects expand our ability to provide dependable, affordable power to customers in high-demand regions.”

The acquisition reflects Altus Power’s disciplined growth strategy to expand regional solar footprints while supporting nationwide demand for clean energy and building infrastructure for a sustainable energy future.

Ignite Renewable Capital LLC acted as the exclusive sell-side advisor to Hecate Energy.