Altus Power Energizes 10 MW New Jersey Solar Farm

GREENWICH, Conn., May 17, 2017 /PRNewswire/ -- Altus Power America, Inc. ("Altus Power") is pleased to announce the completion of construction and grid interconnection of a 10 megawatt ground-mounted solar energy system, known as the Spartan solar project, in North Hanover Township, NJ.  Commencement of construction occurred in September 2016 and involved hundreds of local jobs.

Comprised of over 30,000 solar panels, Spartan is one of the largest solar systems recently developed in the State of New Jersey. Spartan will generate approximately 13,700 megawatt-hours in its first year of operation, enough electricity to offset the CO₂ emissions equivalent from burning over 10 million pounds of coal.

Working with local solar developers and landowners, Altus Power invests its capital to pursue early and late stage opportunities, adding development and design expertise with the purpose of constructing solar projects and holding them for the long term.       

"Altus is thrilled to have worked in collaboration with a New Jersey-based developer and North Hanover Township on the planning and realization of the Spartan solar project, supporting local construction jobs and making serious contributions to New Jersey's renewable energy goals," said Lars Norell, President of Altus Power.  "We like investing in New Jersey and are currently pursuing several rooftop and landfill solar projects in the state," concluded Mr. Norell.

About Altus Power America

Altus Power America, Inc. is a Greenwich, Conn. based company that invests in, owns and operates clean energy projects that provide renewable energy and solar savings to commercial and public sector clients. Altus is funded by Goldman Sachs, Global Atlantic Financial Group and FS Investments (sub-advised by GSO Capital Partners, a Blackstone Group company). Visit www.altuspower.com to learn more.

Contact: Justin Marron, 203-698-0090, justin.marron@altuspower.com

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SOURCE Altus Power America, Inc.