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CBRE IM, Altus Power sign community-solar agreement
Transactions - MARCH 28, 2022

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CBRE IM, Altus Power sign community-solar agreement

by Kali Persall

CBRE Investment Management and clean electrification company Altus Power are planning to build and operate a portfolio of rooftop community-solar projects in Maryland.

CBRE said as much as 20 megawatts of rooftop-based solar systems will be located on the logistics facilities that are owned by CBRE IM’s funds. The projects will provide renewable energy to residential customers and CBRE IM logistics tenants in Maryland, with 30 percent or more of the generated electricity dedicated to low- and moderate-income residential customers in the state. Energy storage and electric-vehicle charging may be added to these facilities later.

“Our collaboration with Altus Power will greatly advance our sustainability goals and support the transition to clean energy,” said Chuck Leitner, CEO of CBRE IM. “This initiative is an excellent example of how we use scale to make our portfolio more resilient, profitable and sustainable.”

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