TPG Rise Climate aims to acquire Altus Power

The company TPG Rise Climate, specializing in climate-friendly investments, is currently in talks about acquiring Altus Power, a significant provider of solar energy for commercial property owners and households. This was reported by insiders familiar with the matter to the news agency Reuters. If the negotiations between TPG Rise Climate and Altus are successful, a corresponding agreement could be signed in the coming weeks. However, insiders warned that the transaction is not yet finalized and another interested party could be brought in. There is a possibility that no agreement will ultimately be reached. Altus Power, headquartered in Stamford, Connecticut, is among the largest owners of commercial solar facilities in the USA. In October, the company stated that it was exploring various options, including a possible sale, with the help of advisors. Neither Altus nor TPG wanted to comment on the ongoing talks.