GREENWICH, Conn., April 25, 2016 /PRNewswire/ -- Altus Power America, Inc. ("Altus Power") is proud to announce that it has started delivering solar net metering credits from its two community solar systems in Warren, Massachusetts. Energized in December of 2015, Altus Power's Warren projects are some of the first ground mounted community solar systems in Massachusetts to be fully subscribed and operational. The systems provide energy savings, through solar net metering credits, to more than 190 households in Western Massachusetts as well as to UMass Memorial Health Care. In addition to the systems in Warren, Altus Power has a large community solar system in Belchertown, MA that will become operational in late April 2016. Altus Power is planning a community based ribbon cutting ceremony for the systems in late spring, together with local land owners, towns, communities and other beneficiaries of these community solar systems.
"As an anchor off-taker for Altus's two community solar projects, UMass Memorial Health Care can realize a reduction in its annual electricity costs by more than $40,000," said Gary Valcourt, Assistant Vice President, Facilities & Capital Planning for UMass Memorial. "In addition to providing our academic medical center with significant savings on its energy bills, UMass Memorial is playing a critical role in ensuring these community solar projects are not only built, but also gain the necessary financing. The projects truly represent a win-win scenario for UMass Memorial as well the local community."
Altus Power is committed to the community solar sector and is an official National Community Solar Partner of the Obama Administration's Community Solar Initiative that was launched in July 2015. Lars Norell, Managing Partner of Altus Power America, said, "We are pleased to be a leader in community solar, which we believe makes the benefits of renewable energy accessible to every day households. We're committed to growing our community solar platform and we are expanding to Vermont, New York and other states outside of Massachusetts that are supporting community solar."
About Altus Power America, Inc.
Altus Power America, Inc. is a Greenwich, CT-based company funded in part by GSO/Blackstone that invests in, owns and manages clean energy projects. Its principals draw on their deep expertise in finance, construction, engineering and design to provide renewable energy savings and solar solutions to commercial and public sector clients.
SOURCE Altus Power America, Inc.