Commercial Scale Solar
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Continuing to Leverage our Partnership with Established Developers
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Client and Asset Addition are Organic to Altus Power
Acquisition from TGC, definitive agreement Dec 27, 2022¹
✓ ~220 MWs for $293 Million
✓ Expansion of partnership with TGC with majority of new assets and customers located in New York and California
✓ New markets of DE and SC and additional scale in CO, IL, MA, and NJ
Acquisition from D.E. Shaw Renewable Investments (DESRI), Nov 14 2022
✓ ~88 MWs for $201 Million
✓ Assets across 8 states including new markets of AZ, NV, PA, and IN
Growing Scale for Altus Power's Customer-Centric Strategy
1) Long-term contracted with predominantly investment-grade counterparties or community customers
2) All Commercial-scale projects from ~1-20 megawatts in size
3) Potential for battery storage and charging stations for electric vehicle fleets
1 This acquisition is subject to certain closing conditions and though the closing is expected during first quarter 2023, there is no guarantee as to when or if the prospective acquisition
will be realized or make a positive contribution to our operating results.View entire presentation