Energy - JULY 5, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Nautilus Solar Energy acquires 21 solar projects in New York, Maryland

by Released

Nautilus Solar Energy has acquired 21 fully-operational solar projects in New York state and Maryland totaling nearly 60 megawatts of solar capacity.

This transaction is one of the largest acquisitions of an operating community solar portfolio to date.

The 16 projects in New York state and five in Maryland currently provide community solar power to 9,500 households and two school districts through a power-purchase agreement. Nautilus's asset management division will be responsible for the project management, long-term asset management and maintenance for the life of the projects.

“This operating portfolio acquisition is a true milestone transaction for Nautilus and is a cornerstone to our core strategy of acquiring, developing, financing, owning, and managing solar assets throughout the U.S., with a focus on community solar markets,” said Jeffrey Cheng, president of Nautilus.

This announcement closely follows Nautilus's acquisition of seven fully oper

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.