Altus Power Acquires 58.4 MW of Community Solar Projects in Maryland from Prospect14

Altus Power announced the acquisition of ten development-stage community solar projects totaling 58.4 MW in Maryland from Prospect14, a distributed solar energy development firm.

In conjunction with the acquisition, Altus Power and Prospect14 entered into a development services agreement in which Prospect14 will complete the development of the solar projects. Once operational, the projects will participate in the Maryland Community Solar program, providing the benefits of clean electric power to approximately 8,000 customers, including an allocation specifically for low-to-moderate income households.

“Altus Power has built a reputation for its ability to partner with solar developers to facilitate the deployment of distributed generation solar projects at every stage of the development process, and this transaction is an example of this trusted partnership at the early stages of development,” said Greg Roer, Managing Director, Altus Power. “Prospect14 is a premier developer, and we’re excited to partner with them to expand the opportunities for community solar in Maryland through the development of a portfolio of renewable energy projects that will be owned and operated by Altus Power.”

Maryland’s energy market is facing mounting pressure as data centers and electric vehicles drive up demand for power, straining existing infrastructure and outpacing the buildout of transmission. This partnership helps to meet that demand with clean, renewable power, generated where the power is needed.

“Prospect14 is proud to work alongside Altus Power to accelerate the deployment of community solar in Maryland’s vibrant and expanding solar market,” said Carl Jackson, Partner, Prospect14. “We share a deep commitment to enabling access to renewable energy for all Maryland households, and this portfolio demonstrates what’s possible when innovative development meets long-term ownership and operational excellence.”

This acquisition underscores Altus Power’s continued commitment to making renewable power accessible to everyone, particularly for those households for which rooftop solar isn’t an option. By expanding access to community solar, Altus Power gives renters, multifamily residents, homeowners and small businesses the opportunity to benefit from clean energy and long-term savings.