Commercial and industrial (C&I) solar developer Altus Power has signed a major strategic partnership with Trammell Crow Company (TCC), one of the largest commercial real estate developers in the US, to bring Altus Power’s clean power solutions to TCC’s real estate projects.
Altus Power is merging with a special purpose acquisition company (SPAC) in a transaction that values the commercial and industrial (C&I) solar and storage developer at US$1.58 billion.
Equity-and-debt mix from private equity giant and loan facility from banks will help Connecticut-based distributed solar firm take its asset portfolio upwards of US$1 billion.
