Foss & Company Completes Investment in Altus Power's Solar and Storage Project

Foss & Company, a seasoned tax equity syndicator, recently announced the successful closing of its latest initiative, codenamed Project London II. This investment centers around the distributed generation solar-plus-storage portfolio orchestrated by Altus Power. The transaction is notably significant as it underpins a considerable commitment to clean energy solutions across multiple states, including California, Maryland, and New York.

Following the fruitful collaboration on Project London I in 2025, this new agreement illustrates the growing partnership between Foss & Company and Altus Power, Inc. (NYSE: AMPS). Collectively, the assets involved in this portfolio encompass five distinct sites, all contributing towards a robust and expanding clean energy infrastructure in key U.S. markets.

Bryen Alperin, partner and managing director at Foss & Company, emphasized the strength of this ongoing partnership, stating, "Project London II showcases our mutual determination to expand solar and storage solutions on a distributed scale." Alperin also highlighted the efficiency of executing this investment by leveraging frameworks established during their previous transaction while adhering to rigorous standards of diligence and structuring.

In response, Abhi Parmar, Chief Investment Officer at Altus Power, expressed appreciation for Foss's approach, describing the company as a valuable partner. He remarked that as the landscape for tax equity financing evolves to become more selective, collaborations like these highlight a commitment to quality and execution that not all sponsors meet. Parmar underscored the pride in continuing to build and scale high-quality distributed generation assets in critical markets.

This investment represents a continuation of Foss & Company's strategic focus on fostering high-quality energy and infrastructure projects through the application of tax equity financing structures. With a history dating back to 1983, Foss & Company has positioned itself as a key player in the national tax equity investment sphere, having committed over $11 billion in tax equity on behalf of various large corporate clients towards a diverse array of projects, including renewable energy and historic rehabilitations.

Altus Power, recognized as a front-runner in commercial-scale power generation, provides reliable and economically feasible solar electricity solutions across an impressive 30 U.S. states and the District of Columbia. With over 1.3 gigawatts of solar generation assets under its umbrella, Altus Power boasts an extensive network providing services to Fortune 1000 companies, municipalities, educational institutions, and households alike. This success is further supported by their association with TPG Rise Climate Transition Infrastructure, which aids in scaling operations and enhancing access to affordable renewable energy nationwide.

In a rapidly changing energy landscape, the commitment to expanding distributed solar and storage solutions remains critical. The collaboration between Foss & Company and Altus Power is a testament to the progress towards achieving a more sustainable energy future, illustrating the tremendous potential held within innovative financing structures in the green energy sector. As both companies move forward, their shared mission to provide high-quality, affordable renewable energy will undoubtedly play a pivotal role in influencing the future of energy production and consumption in the United States.

In conclusion, the closing of Project London II not only signifies a successful partnership between Foss & Company and Altus Power but also represents a hopeful stride toward larger clean energy initiatives. The collaboration exemplifies how strategic investments can help harness renewable energy, ultimately driving the transition to a more sustainable future for all.