Altus Power, an independent developer, owner, and operator of commercial-scale solar projects, announced the acquisition of 105 MW of solar projects from Cordelio Power, an independent solar, wind, and energy storage power producer.
Already under construction, the acquired projects comprise four ground-mounted solar installations located across New York State.
The projects are backed by 20-year Renewable Energy Standard (RES) contracts with the New York State Energy Research and Development Authority (NYSERDA).
New York remains Altus Power’s largest market, with the company owning and operating 65 projects totaling about 265 MW across the state.
Altus Power owns and operates more than 1.3 GW of commercial-scale assets, including community solar assets, across more than 600 projects in 30 states and the District of Columbia.
“New York continues to demonstrate how smart, long-term policy frameworks can unlock private investment and deliver power at scale,” said Matt Marlow, Co-Head, Investment & Structured Finance, Altus Power. “Working closely with Cordelio, our teams executed a seamless acquisition of approved, in-progress projects, demonstrating our ability to step in and advance development efficiently to deliver reliable, affordable power in support of NYSERDA’s mission.”
This Month, the company also announced the acquisition of a 12 MW solar project portfolio from Hecate Energy, a renewable energy project developer. The solar projects are already operational and are located across Florida, Georgia, Maryland, and Rhode Island, supporting a broad range of enterprise and utility off-takers.
In the first nine months of 2025, approximately 29 GW of solar projects were acquired compared to 28.3 GW in 9M 2024, according to Mercom’s 9M and Q3 2025 Solar Funding and M&A report.
