Time may be on TPG’s side in its acquisition of Altus Power, as more clarity about President Trump’s clean-energy policies down the road may lift the value of renewable-power assets depressed by fears he might revoke tax credits for the sector.

Altus Power, Inc. ("Altus Power" or the "Company") (NYSE: AMPS), the largest owner of commercial-scale solar in the US, today announced it has entered into a definitive agreement to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy for $5.

(Reuters) -Buyout firm TPG's climate investment arm will acquire Altus Power for $2.2 billion in an all-cash deal, including debt, the provider of solar power to commercial property owners and residential homes said on Thursday.

TPG has agreed to acquire Altus Power, a Stamford, Connecticut-based solar energy company, in a take-private deal. The transaction puts Altus Power at a valuation of about $2.2 billion. At the closing of the deal, Altus Power will no longer trade on the New York Stock Exchange.

Asset manager TPG is acquiring US solar renewable-energy firm Altus Power in a $2.2bn (€2.1bn) take-private transaction.

Buyout firm TPG's climate investment arm will acquire Altus Power for $2.2 billion in an all-cash transaction, the provider of solar power to commercial property owners and residential homes said on Thursday.

The transaction is set for completion in the second quarter of 2025, transitioning Altus Power into a private entity.