Altus Power Announces Hawaii’s First Large-Scale Community Solar Array
22 Junho 2023 - 5:30PM
Business Wire
Will deliver Oahu residents access to clean
and discounted electric power
Altus Power (NYSE: AMPS) today announced Hawaii’s largest
Community Solar project to date that will soon deliver clean
electric power at a discount to a local medical facility, its
employees, and residents of Oahu. Consumers who subscribe to Altus
Power’s Community Solar Partnership Program will generate savings
on their monthly utility bills while also supporting Hawaii’s
transition to clean electric power, with a projected savings of up
to $500 annually, compared to their local utility bills.
Upon completion of the 5-megawatt array expected this summer,
Altus Power will sell approximately 60% of the clean electricity
generated to a non-profit company that operates a medical facility
and the remaining 40% of the electricity will be available to
benefit the homes of employees and other local residents. Altus
Power will own and operate the ground-mounted solar farm in Kapolei
and deliver the power into the Hawaiian Electric grid.
“Community Solar allows residents to access the benefits of
clean electric power at a discount, whether you live in an
apartment building or a single-family home,” said Lars Norell,
co-CEO and co-founder, Altus Power. “As one of the first
large-scale Community Solar providers in Hawaii, we’re committed to
help the state reach its goal of 100% renewable energy by
2045.”
“We’re excited the shared solar program is taking root and
opening up to residential customers who haven’t been able to
install private rooftop solar,” said Lani Shinsato, co-director of
customer energy resources, Hawaiian Electric. “Providing customers
with options is critical, and shared solar projects like this will
allow subscribers to reduce their energy bill and take part in the
state’s clean energy transition.”
Altus Power currently serves more than 20,000 Community Solar
subscribers nationwide. Community Solar provides homeowners and
renters of diverse income brackets access to the benefits of clean
energy and power bill savings without the requirement of installing
solar panels on their roofs. Customers interested in the benefits
of clean energy can subscribe to Altus Power’s commercial-scale
solar arrays by visiting our community solar website to apply Once
approved, there’s no upfront cost or special equipment necessary to
begin receiving credits. Employers interested in offering Community
Solar to their employees can contact Altus Power here.
About Altus Power, Inc. Altus Power, based in Stamford,
Connecticut, is the premier independent commercial-scale provider
of clean electric power serving commercial, industrial, public
sector and community solar customers with end-to-end solutions.
Altus Power originates, develops, owns and operates locally-sited
solar generation, energy storage and charging infrastructure across
the nation. Visit our website to learn more.
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Altus Power: Chris Shelton Head of IR
InvestorRelations@altuspower.com
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