Atlantic Tele-Network Buys Green Lake Capital for $64 MillionChristopher Martin
Atlantic Tele-Network, a telecommunications provider, bought developer Green Lake Capital LLC for $64 million to enter the market for rooftop solar power plants.
ATN also is assuming $39 million of Green Lake’s debt, the Beverly, Massachusetts-based company said today in a statement. The company gets Green Lake’s 46 megawatts of solar power capacity that have long-term contracts to sell the output to the schools and businesses where it has installed panels and charges for the output, it said.
Green Lake’s Ahana Renewables unit in San Francisco developed and owns solar power plants at 59 sites in California, New Jersey and Massachusetts.