{"id":749971,"date":"2023-04-21T07:33:09","date_gmt":"2023-04-21T11:33:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/altus-power-inc-completes-development-and-construction-of-a-four-megawatt-solar-project-in-rhode-island\/"},"modified":"2023-04-21T07:33:09","modified_gmt":"2023-04-21T11:33:09","slug":"altus-power-inc-completes-development-and-construction-of-a-four-megawatt-solar-project-in-rhode-island","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/altus-power-inc-completes-development-and-construction-of-a-four-megawatt-solar-project-in-rhode-island\/","title":{"rendered":"Altus Power, Inc. Completes Development and Construction of a Four-Megawatt Solar Project in Rhode Island"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Altus Power, Inc. Completes Development and Construction of a <\/b><b>Four-Megawatt Solar Project in Rhode Island<\/b><\/p>\n<p>STAMFORD, Conn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAltus Power, Inc. (\u201cAltus Power\u201d or the \u201cCompany\u201d) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that, together with one of its construction partners, it has completed development and construction of a four-megawatt ground-mounted solar system located on Hartford Avenue in Providence County, Rhode Island.<\/p>\n<p>\nThe clean energy generated by this array will serve a local public school system which will benefit from the clean electricity at a reduced rate compared to their local electric bill. This asset provides another example of Altus Power\u2019s commitment to contribute both savings and decarbonization benefits to public entities around the country.<\/p>\n<p>\n\u201cWe\u2019re pleased to have worked with our Rhode Island contractors to complete the development and construction of this asset and look forward to serving the community with clean electricity savings,\u201d commented Tony Savino, Chief Construction Officer of Altus Power.<\/p>\n<p>\n\u201cWe believe our in-house development expertise is a pivotal advantage for Altus and this project is one of several we plan to complete this year,\u201d commented Lars Norell, Co-Chief Executive Officer of Altus Power.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements. Forward-looking statements may be identified by the use of words such as &#8220;aims,&#8221; &#8220;believes,&#8221; &#8220;expects,&#8221; &#8220;intends,&#8221; &#8220;aims&#8221;, &#8220;may,&#8221; \u201ccould,\u201d &#8220;will,&#8221; &#8220;should,&#8221; &#8220;plans,&#8221; \u201cprojects,\u201d \u201cforecasts,\u201d \u201cseeks,\u201d \u201canticipates,\u201d \u201cgoal,\u201d \u201cobjective,\u201d \u201ctarget,\u201d \u201cestimate,\u201d \u201cfuture,\u201d \u201coutlook,\u201d &#8220;strategy,&#8221; \u201cvision,\u201d or variations of such words or similar terminology that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to Altus Power\u2019s future prospects, developments and business strategies. These statements are based on Altus Power\u2019s management\u2019s current expectations and beliefs, as well as a number of assumptions concerning future events.<\/p>\n<p>\nSuch forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Altus Power\u2019s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (1) the risk that pending acquisitions may not close in the anticipated timeframe or at all due to a closing condition not being met; (2) failure to obtain required consents or regulatory approvals in a timely manner or otherwise; (3) the ability of Altus Power to successfully integrate the acquisition of solar assets into its business and generate profit from their operations; (4) the ability of Altus Power to retain customers and maintain and expand relationships with business partners, suppliers and customers; (5) the risk of litigation and\/or regulatory actions related to the proposed acquisition of solar assets; and (6) the possibility that Altus Power may be adversely affected by other economic, business, regulatory, credit risk and\/or competitive factors.<\/p>\n<p>\nAdditional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found under the heading \u201cRisk Factors\u201d in Altus Power\u2019s Form 10-K filed with the Securities and Exchange Commission on March 30<sup>th<\/sup>, 2023, as well as the other information we file with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made and the information and assumptions underlying such statement as we know it and on the date such statement was made, and Altus Power undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.<\/p>\n<p>\nThis press release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Altus Power and is not intended to form the basis of an investment decision in Altus Power. All subsequent written and oral forward-looking statements concerning Altus Power or other matters and attributable to Altus Power or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.<\/p>\n<p><b>About Altus Power, Inc.<\/b><\/p>\n<p>\nAltus Power, based in Stamford, Connecticut, is the premier commercial-scale clean electrification company serving commercial, industrial, public sector and community solar customers with an end-to-end solution. Altus Power originates, develops, owns and operates a network of locally sited solar generation, energy storage and charging infrastructure across the nation. Visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.altuspower.com&amp;esheet=53385169&amp;newsitemid=20230421005105&amp;lan=en-US&amp;anchor=www.altuspower.com&amp;index=1&amp;md5=0bb7d8de81fa4cdc7cf253ab22950aab\">www.altuspower.com<\/a> to learn more.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230421005105r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230421005105\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230421005105\/en\/<\/a><\/span><\/p>\n<p><b>Altus Power:<br \/>\n<\/b><br \/>Chris Shelton<br \/>\n<br \/>Head of IR<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:InvestorRelations@altuspower.com\">InvestorRelations@altuspower.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Rhode Island Connecticut United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Environment Other Construction &amp; Property Sustainability Alternative Energy Green Technology Energy Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230421005105\/en\/1770603\/3\/AltusPower_logo-Color_%28small%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Altus Power, Inc. Completes Development and Construction of a Four-Megawatt Solar Project in Rhode Island STAMFORD, Conn.&#8211;(BUSINESS WIRE)&#8211; Altus Power, Inc. (\u201cAltus Power\u201d or the \u201cCompany\u201d) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that, together with one of its construction partners, it has completed development and construction of a four-megawatt ground-mounted solar system located on Hartford Avenue in Providence County, Rhode Island. The clean energy generated by this array will serve a local public school system which will benefit from the clean electricity at a reduced rate compared to their local electric bill. This asset provides another example of Altus Power\u2019s commitment to contribute both savings and decarbonization benefits to public entities &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/altus-power-inc-completes-development-and-construction-of-a-four-megawatt-solar-project-in-rhode-island\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Altus Power, Inc. Completes Development and Construction of a Four-Megawatt Solar Project in Rhode Island&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-749971","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Altus Power, Inc. 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(\u201cAltus Power\u201d or the \u201cCompany\u201d) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that, together with one of its construction partners, it has completed development and construction of a four-megawatt ground-mounted solar system located on Hartford Avenue in Providence County, Rhode Island. The clean energy generated by this array will serve a local public school system which will benefit from the clean electricity at a reduced rate compared to their local electric bill. This asset provides another example of Altus Power\u2019s commitment to contribute both savings and decarbonization benefits to public entities &hellip; Continue reading &quot;Altus Power, Inc. 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