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CBRE, Altus Power SPAC merger completed

CBRE, Altus Power SPAC merger completed
Written by Publishing Team

Greg Felton, Altus Power Co-CEO, commented on the merger: “Over the past eight years, we have built a fantastic partnership with Blackstone. We are pleased to add CBRE as a strategic partner through this merger. Two of the largest players in global real estate are now our largest institutional investors. With CBRE and Blackstone as our strategic partners, we are well positioned to take advantage of the incredible growth opportunity in the future for clean electrification.”

said Lars Norell, Co-CEO of Altus Power. “The entire Altus Power team is focused on making this a reality by leveraging our data-driven digital offering to unlock value for customers of all types, every day.”

Last July, Norell described the move as an “opportunity to provide real estate investors and residents with clean energy savings and sustainability benefits.”

Read more: CBRE’s SPAC in talks to merge

said Bill Conconon, CEO of CBAH and a member of the Altus Power Board of Directors in the directors. Real estate investors and CBRE clients are increasingly focused on reducing carbon emissions and achieving sustainability goals. We are actively working with Altus Power to provide building-specific solar energy solutions and expertise to CBRE clients. We believe our partnership will drive the growth of comprehensive renewable energy solutions in the market.”

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