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32 MW Portfolio to deliver affordable, clean power under APCo Shared Solar Program
STAMFORD, Connecticut — Altus Power, a leading commercial-scale power company, today announced the acquisition of five community solar projects from New Leaf Energy, currently under development in Virginia. The 32 MW portfolio will participate in Appalachian Power Company’s (APCo) shared solar program and is expected to deliver the benefits of clean power to approximately 5,000 homes.
The ground-mounted projects expand Altus Power’s community solar footprint into Virginia and will deliver direct savings to eligible households and enterprises through solar bill credits, at a time when power prices continue to rise.
“Virginia has made a clear commitment to protecting ratepayers from rising electricity costs through the expansion of clean, incremental power and this program is a key part of that vision,” said Abhi Parmar, Chief Investment Officer, Altus Power. “We’re excited to be partnering with New Leaf Energy to help bring it to life, combining our strengths to successfully navigate a new market and deliver real savings to households and businesses across the state.”
