Connecticut-based Altus Power announced Monday that it has acquired an 8.5-megawatt solar array in New Jersey.
The ground-mounted project generates clean, electric power that will be sold to PJM, the local independent system operator, as well as Solar Renewable Energy Credits, and increases the size of the company’s New Jersey portfolio to 185.5 MW in aggregate.
Atlus officials expect the project to produce approximately 8.8 million kilowatt-hours in the next 12 months, the equivalent of more than 6,100 metric tons of carbon dioxide avoided annually.
Altus Power CEO Gregg Felton praised the acquisition and the state.
“New Jersey is a national leader in renewable energy, and we’re pleased to expand our footprint in the Garden State,” he said. “This acquisition includes 63 acres of land, which enhances our flexibility to redevelop this site in the future and maximize long-term value.”
Altus Power, based in Samford, Connecticut, has a portfolio across 25 states and serves more than 450 enterprises committed to achieving carbon reduction goals, anchored by the company’s distributed solar arrays. In addition, as one of the pioneers of Community Solar, Altus Power serves more than 24,000 Community Solar customers nationwide who benefit from clean energy savings.
