Project Finance Brief: Altus Power Closes €36.2 Million Sale Leaseback Solar Funding

Arevon acquires 150 MW/600 MWh of solar + battery storage plant in the US

October 10, 2021

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Altus Power, a clean energy firm, has completed a sale leaseback tax equity financing worth €36.2 million (~$42 million) for several unspecified solar projects in Minnesota and Massachusetts. Fifth Third Bank, National Association, has been a financing partner of Altus Power. The funding relationship with Fifth Third Bank led to an additional opportunity to partner on this sale leaseback financing transaction, which helped to fund projects across Minnesota and Massachusetts.

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