Wednesday, July 17, 2024

Altus Power acquires New Jersey photo voltaic array


Published by Theodore Reed-Martin, Editorial Assistant

Global Energy,

Altus Power introduced the acquisition of an 8.5 MW photo voltaic array in New Jersey. The ground-mounted challenge generates clear, electrical energy on the market to PJM, the native impartial system operator, in addition to Solar Renewable Energy Credits (SRECs), and will increase the scale of the corporate’s New Jersey portfolio to 185.5 MW basically.

“New Jersey is a nationwide chief in renewable power and we’re excited to develop our footprint within the Garden State,” mentioned Gregg Felton, CEO, Altus Power. “This acquisition consists of 63 hectares of land which improves our flexibility to redevelop this website sooner or later and maximize worth.”

The challenge is anticipated to provide roughly 8 776 000 kWh within the subsequent 12 months, the equal of greater than 6100 tpy of carbon dioxide. Altus Power’s portfolio in 25 states serves greater than 450 companies dedicated to reaching carbon discount objectives, anchored by the corporate’s distributed photo voltaic arrays. In addition, as one of many pioneers of Community Solar, Altus Power serves greater than 24 000 Community Solar prospects nationwide who profit from clear power financial savings, consisting of house owners. and renters in several revenue brackets.

For extra information and technical articles from the worldwide renewable trade, learn the most recent difficulty of Energy Global journal.

Energy Global’s Summer 2024 difficulty

The Summer 2024 difficulty of Energy Global begins with a visitor remark from Terrawatt on streamlining the authorization course of in Italy, earlier than shifting to a regional report from Frost & Sullivan on the power panorama in Asia Pacific. This difficulty seems to be at key subjects resembling wind set up vessels, offshore wind turbine foundations, climate evaluation, photo voltaic upkeep, and extra!

Read the article on-line at: voltaic/25062024/altus-power-acquires-new-jersey-solar-array/

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