Blackstone-backed outfit acquires solar C&I assets

04 August 2020 - 12:00 am UTC

A Blackstone Group-backed renewables outfit has won an auction to acquire a 22 MW portfolio of contracted US commercial and industrial (C&I) solar parks for USD 10.5m.

In the auction, Altus Power agreed to buy 100% of the limited liability interests in Lumens Holdings 1, LLC, which holds a portfolio known as SunPeak that was originally developed by Hong Kong-based Sky Solar Holdings.

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