Altus Power Buys 92 Solar Projects From Arevon

The acquisition adds nearly 200 MW of solar and 10 MWh of battery storage across 13 states, lifting Altus's portfolio to 1.7 GW.

Updated on Nov. 10, 2026 in Utilities

Rows of dark solar panels stretch toward a tree line under clear daylight, with a battery storage cabinet in the foreground. — Altus Power acquired 92 operating solar projects across 13 states from Arevon, adding nearly 200 MW and lifting its portfolio to 1.7 GW. AI Illustration. Upload story photo >

Altus Power has acquired 92 operating solar projects in 13 states from Arevon, adding nearly 200 MW of solar and 10 MWh of battery storage. The deal lifts Altus Power's operating solar and storage portfolio to 1.7 GW across 33 states and Washington, D.C.

Why it matters

Altus said the added density in New York, New Jersey, Massachusetts and California makes operations and maintenance across its fleet more efficient. The deal arrives as industry projections expect U.S. community solar installations to hold roughly flat in 2026 at about 1.7 GWdc.

The 92 projects add nearly 200 MW of solar and 10 MWh of battery storage, roughly 12% of Altus's 1.7 GW portfolio. Neither the purchase price nor the closing date has been disclosed by either company.

The players

Altus Power

Altus Power is a commercial and community solar company whose fleet combines ground-mounted, rooftop and carport solar with battery storage.

Arevon

Arevon is a renewable energy developer and owner that sold the 92 operating solar projects to Altus Power.

The details

Altus financed the deal in part through an existing credit facility with Blackstone Credit & Insurance, and Marathon Capital served as Arevon's exclusive financial adviser. The acquired fleet mixes ground-mounted, rooftop and carport commercial solar with batteries, and Altus serves more than 40,000 community solar subscribers.

November 10, 2026: Altus announced the acquisition of 92 projects from Arevon.
April 2026: Altus bought a 4.2 MW carport solar project from Arevon.
July 2026: Altus bought five community solar projects from New Leaf Energy.

Industry Landscape

SEIA and Wood Mackenzie expect U.S. community solar installations to stay flat in 2026 at about 1.7 GWdc. Altus's purchase consolidates existing operating capacity rather than adding new build volume to that national figure.

For utility customers and community solar subscribers, the transaction changes the owner of existing projects rather than the terms of service disclosed so far. Subscribers served by the acquired projects will see the same production but now managed under Altus Power's fleet operations.

The takeaway

Portfolio consolidation in solar is increasingly about operating density, since clustering projects in the same markets can lower maintenance costs across a fleet. Watch for disclosure of the price and closing date, which will show how the market values operating solar assets.