If the talks between TPG Rise Climate and Altus are successful, a deal could be signed in the coming weeks, said the sources, ...

TPG Rise Climate, to acquire Altus Power (AMPS), a leading provider of solar energy solutions for commercial properties and residential homes. Altus, headquartered in Stamford, Connecticut ...

TPG Rise Climate, the climate investment arm of buyout company TPG, is currently in discussions to acquire US-based solar projects developer Altus Power, Reuters reported, citing unnamed sources.

If the talks between TPG Rise Climate and Altus are successful, a deal could be signed in the coming weeks, the sources said. Shares of Altus Power have jumped over 12% to $4 in afternoon trading.

If the talks between TPG Rise Climate and Altus are successful, a deal could be signed in the coming weeks, said the sources, who requested anonymity as the discussions are confidential.