Foss & Company completes tax equity investment for Altus Power's distributed generation solar-plus-storage portfolio
Type: Investment · Technology: Hybrid · Country: United States · Announced: 2026-06-03
Foss & Company has completed a Section 48 ITC tax equity investment to support Altus Power's distributed generation solar-plus-storage portfolio, known as Project London II. This transaction involves five assets located across California, Maryland, and New York, marking the second partnership between Foss & Company and Altus Power. The deal leverages established frameworks from their prior transaction, Project London I, which closed in 2025. This ongoing collaboration reflects a shared commitment to scaling distributed solar and storage solutions in key markets.
Analysis
Foss & Company has completed a Section 48 ITC tax equity investment for Altus Power's distributed generation solar-plus-storage portfolio, known as Project London II, which involves five assets located across California, Maryland, and New York. This transaction marks the second partnership between Foss & Company and Altus Power, following their prior collaboration on Project London I, which closed in 2025. The deal was announced on 2026-06-03. The value of the investment was not disclosed. The portfolio is part of Foss & Company's and Altus Power's efforts in the United States, specifically in California, Maryland, and New York.
Key points
- Five assets located across California, Maryland, and New York
- Second partnership between Foss & Company and Altus Power
- Announced on 2026-06-03
- Follows prior collaboration on Project London I, which closed in 2025
Counterparties
- Altus Power (Developer)
- Foss & Company (Investor)
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