Altus Power Partners with New Leaf Energy on Development of Five Community Solar Projects in Virginia

Altus Power, a leading commercial-scale power company, announced the acquisition of five community solar projects from New Leaf Energy, currently under development in Virginia. The 32 MW portfolio will participate in Appalachian Power Company’s (APCo) shared solar program and is expected to deliver the benefits of clean power to approximately 5,000 homes.

The ground-mounted projects expand Altus Power’s community solar footprint into Virginia and will deliver direct savings to eligible households and enterprises through solar bill credits, at a time when power prices continue to rise.

"Virginia has made a clear commitment to protecting ratepayers from rising electricity costs through the expansion of clean, incremental power and this program is a key part of that vision,” said Abhi Parmar, Chief Investment Officer, Altus Power. “We're excited to be partnering with New Leaf Energy to help bring it to life, combining our strengths to successfully navigate a new market and deliver real savings to households and businesses across the state."

This transaction marked the first collaboration between Altus Power and New Leaf Energy, reflecting a shared commitment to expanding access to community solar in emerging markets and delivering projects that benefit both local communities and the broader clean energy transition.

“This partnership demonstrates how quickly community solar can scale when strong development and execution come together,” said Kate Vann, Senior Director and Head of Mergers & Acquisitions, New Leaf Energy. “Our team is proud to have partnered with Altus Power on the development of these projects and expand clean, affordable energy for communities across the Commonwealth.”

These projects will operate under APCo’s shared solar program, underscoring Altus Power’s ability to navigate new regulatory frameworks and deliver results in evolving markets.

“We’re proud to help establish and shape a new shared solar program that puts affordability front and center for customers,” said Skylar Werde, Head of Community Solar, Altus Power. “This is about unlocking new pathways: working alongside partners to open new markets, expand access to community solar and ensure more households and businesses can benefit from locally generated, lower cost clean energy. It’s a clear reflection of our commitment to scaling this model nationwide.”

Altus Power | https://www.altuspower.com/community-solar