Blackstone $850M commitment repositions Connecticut solar power firm for growth

Private equity giant Blackstone is recapitalizing a U.S. solar power company with $850 million in new investment. Altus Power America, based in Connecticut, announced the Blackstone contribution to refinance its existing capital structure and fund future development. Blackstone made the investment through its GSO Capital Partners LP and Blackstone Insurance Solutions (BIS) Groups. “We’re incredibly enthusiastic to be partnering with Blackstone as we position our business for accelerating growth,” said Gregg Felton, managing partner of Altus Power. “By providing Altus with a full capital structure solution, including investment-grade rated permanent senior financing, Blackstone is empowering Altus to be one of the most competitive capital partners in distributed generation solar.” Altus Power America provides clean electricity options for commercial, industrial and municipal clients across the U.S.

Spotlight

Spotlight

Related News