Altus Power Expands West Coast Presence with Acquisition of Unico Solar
20 Dicembre 2023 - 1:30PM
Business Wire
Continuing its growth momentum and further cementing its
presence on the West Coast, Altus Power (NYSE: AMPS), the leading
commercial-scale provider of clean electric power, today announced
the strategic acquisition of the core business of Unico Solar
Investors (“Unico Solar”). Altus will acquire Unico Solar’s
development platform, pipeline and senior leadership team as well
as new offices in Denver and Seattle.
“In a market where others are scaling back and reducing
footprint, Altus Power is adding significant local coverage to be
closer to our nationwide real estate partners and enterprise
customers,” said Gregg Felton, co-CEO, Altus Power. “The Unico Team
brings deep experience developing customer relationships,
particularly in the west, and now with access to our portfolio and
brand, these team members will have greater resources to accelerate
the flow of our pipeline.”
“Unico Solar has built a dynamic solar development platform
centered on overcoming customer adoption barriers for commercial
rooftop and community solar projects, largely in the western U.S.,”
said Brett Phillips, co-Founder and Vice President, Unico Solar.
“Joining forces with Altus Power brings together market leaders in
the commercial and industrial solar energy vertical that will
supercharge project development for real estate owners and users on
a national scale.”
This acquisition illustrates Altus Power’s continued ability to
efficiently acquire assets and platforms. As part of the
acquisition, Unico Solar’s development platform and pipeline will
become wholly owned by Altus Power and Unico Solar’s development
team will be integrated with and into the customer-centric Altus
team.
Altus Power’s portfolio across 25 states serves enterprises
committed to achieving carbon reduction goals, anchored by the
company’s distributed solar arrays. As one of the pioneers of
Community Solar, Altus Power currently serves more than 20,000
subscribers nationwide. Community Solar provides homeowners and
renters of diverse income brackets access to the benefits of clean
energy savings.
About Altus Power
Altus Power, based in Stamford, Connecticut, is the leading
commercial-scale provider of clean electric power serving
commercial, industrial, public sector and Community Solar customers
with end-to-end solutions. Altus Power originates, develops, owns
and operates locally-sited solar generation, energy storage and
charging infrastructure across the nation. Visit www.altuspower.com
to learn more.
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Altus Power: mediarelations@altuspower.com
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