Altus Power America Management, an investor and manager of clean energy projects and assets, and Macquarie Group, a provider of investment and funds management services, have teamed up to launch the Clean Energy Land Program. According to the companies, the program will finance up to $100 million in solar and wind land energy projects in the U.S.
The companies say the program is designed to bring to the market the most cost-competitive capital to acquire lands and rights under solar and wind assets, while allowing the developers and owners of these assets to monetize those values.
‘Altus and its principals have deep experience in clean energy and a proven track record in developing wind and solar projects," says Macquarie's Matthew Lancaster. "This arrangement combines the provision of efficient asset-based financing with a strong track record in project sourcing and execution."
The companies say the program will offer financial solutions to solar and wind developers to acquire lands under any projects in development and the opportunity to monetize any existing portfolios of similar assets immediately. The parties expect the first transaction to occur during the second quarter of this year.