Altus Power Acquires 58.4 MW Community Solar Portfolio in Maryland from Prospect14
Altus Power, a leading provider of commercial-scale clean electric power, has taken a significant step forward in its mission to expand access to renewable energy. The company recently announced its acquisition of ten development-stage community solar projects located throughout the state of Maryland, with a total planned capacity of 58.4 megawatts (MW). The projects were acquired from Prospect14, a respected name in distributed solar energy development.
This landmark acquisition positions Altus Power as a major force in Maryland’s growing community solar market. The newly acquired projects, once completed, are expected to deliver clean, renewable electricity to approximately 8,000 Maryland customers, including a significant allocation earmarked for low-to-moderate income (LMI) households—a core priority of the state’s Community Solar program.
In parallel with the acquisition, Altus Power and Prospect14 have entered into a formal development services agreement. Under this agreement, Prospect14 will lead the completion of all development work for the projects, bringing its local expertise and proven track record in solar development to ensure the timely and efficient execution of each site. Altus Power, as the long-term owner and operator, will ultimately bring the projects online and manage their continued performance and energy delivery to customers.
A Strategic Alliance for Renewable Expansion
This partnership marks a significant collaboration between two leaders in the renewable energy space, combining the development capabilities of Prospect14 with Altus Power’s experience in financing, ownership, and long-term operation of distributed generation systems.
“Altus Power has built a reputation for its ability to partner with solar developers to facilitate the deployment of distributed generation solar projects at every stage of the development process, and this transaction is an example of this trusted partnership at the early stages of development,” said Greg Roer, Managing Director at Altus Power. “Prospect14 is a premier developer, and we’re excited to partner with them to expand the opportunities for community solar in Maryland through the development of a portfolio of renewable energy projects that will be owned and operated by Altus Power.”
The two companies share a vision of expanding access to clean energy by leveraging community solar programs, which allow customers to benefit from solar power without installing panels on their own properties. These projects are particularly vital for households and small businesses that may lack suitable roof space, be renting, or otherwise be unable to access traditional rooftop solar systems.
Meeting Maryland’s Growing Energy Demands Sustainably
The timing of this acquisition is crucial. Maryland, like many other states, is experiencing significant increases in electricity demand. The expansion of energy-intensive infrastructure, such as data centers, along with the rising adoption of electric vehicles, is putting strain on the state’s existing grid. These factors are contributing to a growing need for reliable, decentralized power sources that can reduce transmission congestion and improve grid resilience.
Community solar, by delivering power close to where it’s consumed, is an essential part of the solution. It supports local grid stability, reduces transmission losses, and enables more equitable access to clean energy. For Maryland, which has committed to ambitious renewable energy targets under the Maryland Clean Energy Jobs Act and other climate legislation, the expansion of community solar is an important policy and infrastructure priority.
“Prospect14 is proud to work alongside Altus Power to accelerate the deployment of community solar in Maryland’s vibrant and expanding solar market,” said Carl Jackson, Partner at Prospect14. “We share a deep commitment to enabling access to renewable energy for all Maryland households, and this portfolio demonstrates what’s possible when innovative development meets long-term ownership and operational excellence.”
The collaboration is expected to help Maryland meet its clean energy goals more quickly and efficiently, while also serving as a scalable model for other states working to expand their renewable portfolios and reduce grid strain in the face of rapid electrification.
Serving a Diverse Customer Base with Clean Energ
Once operational, the projects acquired by Altus Power will participate in the Maryland Community Solar program, which is designed to democratize access to solar energy. Through this initiative, customers can subscribe to a share of a local solar installation and receive credits on their electricity bills for the energy produced by their share. This model has proven highly effective in extending the benefits of solar to those who have traditionally been underserved by the solar market.
Importantly, the projects will be structured to include a designated portion of capacity for low-to-moderate income customers. This ensures that the environmental and economic benefits of renewable energy—such as lower utility costs, improved air quality, and reduced carbon emissions—are accessible to all, regardless of income or homeownership status.
Altus Power’s participation in this program aligns with its broader mission to make renewable power accessible to everyone. The company has long championed efforts to serve renters, multifamily housing residents, and small businesses—groups that are frequently excluded from the rooftop solar market. By enabling them to participate in community solar, Altus Power is delivering more than just clean electricity—it’s also providing long-term savings and a pathway toward a more inclusive energy economy.
“This acquisition underscores Altus Power’s continued commitment to making renewable power accessible to everyone, particularly for those households for which rooftop solar isn’t an option,” Roer noted. “By expanding access to community solar, Altus Power gives renters, multifamily residents, homeowners, and small businesses the opportunity to benefit from clean energy and long-term savings.”
A Broader Vision for Community Solar Growth
The acquisition of the Maryland portfolio is part of a broader expansion strategy for Altus Power, which is rapidly scaling its footprint in key community solar markets across the United States. The company has been active in states with supportive regulatory frameworks and strong demand for local, renewable energy. Maryland, with its growing population, favorable solar policies, and strong utility infrastructure, represents an ideal environment for the kind of innovation and impact Altus Power aims to achieve.
By working closely with trusted local developers like Prospect14, Altus Power is able to move swiftly from project concept to completion, while maintaining the high standards of performance and service that its brand represents. This model of combining development partnership with long-term ownership and operations helps ensure that community solar projects deliver consistent value for decades.
Driving the Clean Energy Transition Through Scalable Solutions
As the U.S. continues to shift toward a clean energy economy, community solar stands out as one of the most practical and scalable solutions. It not only accelerates the deployment of renewable energy infrastructure but also addresses issues of energy equity, grid stability, and economic development. Projects like the Maryland portfolio being developed by Altus Power and Prospect14 exemplify how targeted investments and smart partnerships can move the needle on climate and energy goals.
For Altus Power, these projects are more than just assets—they are stepping stones in a larger vision to decarbonize the energy system, empower consumers, and create a more sustainable and equitable energy future. The company continues to build out its national platform of solar assets, with a focus on high-impact projects that deliver measurable benefits to both the grid and the communities they serve.
As these ten Maryland projects move through the final stages of development and begin delivering power to thousands of customers, they will stand as a powerful testament to what’s possible when innovation, collaboration, and commitment to clean energy converge.
