Altus Power announces structuring of tax equity transaction, partnership model

Altus Power announced the structuring of a tax equity transaction and partnership model with its existing partners. This transaction marks an evolution for Altus Power. The deal is notable given its innovative structure, which allocates a portion of the investment tax credits from recently completed solar projects to an existing partner through a traditional tax equity partnership, consistent with those which Altus has formed in the past. However, the new structure leverages the flexibility created in the Inflation Reduction Act to directly transfer a majority of the ITCs from the tax equity partnership to other partners of Altus Power with significant tax capacity.