Altus Power Inc

NYSE:AMPSUnited States

------------- ------------ Cash flows provided by financing activities Proceeds from issuance of long-term debt 211,451 311,642 Repayment of long-term debt (94,782) (41,900) Payment of debt issuance costs (1,232) (2,969) Payment of deferred purchase price payable (8,102) (4,531) Payment of contingent consideration (5,793) -- Contributions from noncontrolling interests 16,176 8,347 Redemption of noncontrolling interests (3,191) -- Redemption of redeemable noncontrolling interests -- (3,224) Distributions to noncontrolling interests (4,300) (3,326) Proceeds from transfer of investment tax credits related to noncontrolling interests 23,427 -- ------------- ------------ Net cash provided by financing activities 133,654 264,039 ------------- ------------ Net decrease in cash, cash equivalents, and restricted cash (107,600) (115,410) Cash, cash equivalents, and restricted cash, beginning of period 218,927 199,398 ------------- ------------ Cash, cash equivalents, and restricted cash, end of period $ 111,327 $ 83,988 ============= ============ Nine months ended September 30, --------------------------------------- 2024 2023 --- ------------ ---------------- Supplemental cash flow disclosure Cash paid for interest $ 46,556 $ 25,017 Cash paid for taxes 34 85 Non-cash investing and financing activities Asset retirement obligations $ 1,792 $ 4,291 Debt assumed through acquisitions -- 7,883 Noncontrolling interest assumed through acquisitions 2,100 13,500 Redeemable noncontrolling interest assumed through acquisitions (100) 11,341 Accrued distributions to noncontrolling interests 1,018 -- Acquisitions of property and equipment included in construction payable -- 1,730 Conversion of Alignment Shares into common stock 10 11 Deferred purchase price payable -- 7,606

Altus Power Operationalizes Three New Community Solar Projects in Maine
STAMFORD, Conn.--(BUSINESS WIRE)--October 31, 2024--
Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced the successful completion of three new solar projects in Maine, adding a total of 19.1 MWs to the company's expanding portfolio. By collaborating with multiple development partners, Altus Power has streamlined operations, consolidating these projects to become the sole owner producing enhanced operational efficiency within Maine.