Altus Power has acquired 92 operating solar projects in 13 states from Arevon, adding nearly 200 megawatts of solar capacity and 10 megawatt hours of battery storage. The acquisition lifts Altus’s operating solar and storage portfolio to 1.7 gigawatts across 33 states and Washington, D.C., spanning ground mounted, rooftop and carport projects serving commercial customers, municipalities, schools, universities and more than 40,000 community solar subscribers.
The projects deepen Altus’s presence in New York, New Jersey, Massachusetts and California, where the company said density makes operations and maintenance across its fleet more efficient. Altus financed the acquisition in part through its existing credit facility with Blackstone Credit and Insurance. Neither the purchase price nor the amount drawn was disclosed. Marathon Capital was Arevon’s exclusive financial adviser.
The deal continues a roll up pattern for Altus, which in December 2025 acquired about 100 solar projects generating 234 megawatts from Greenbacker and added a further 105 megawatts a month later from Cordelio Power.