Nautilus Solar Energy has acquired a 31.5-megawatt portfolio of operating solar project assets from Virgo Investment Group.
The portfolio of community solar and large C+I projects spans seven states, from California to Rhode Island, and serves customers such as hospitals, housing authorities, a community college, a regulated utility and residential customers under long-term power purchase agreements.
The solar projects were placed into operation between 2016 and 2019. Nautilus originally developed, financed and managed the projects in partnership with Virgo and will continue to operate them as part of Nautilus’ own expanding portfolio under ownership.
“The acquisition of the Virgo Helios I portfolio reinforces Nautilus’ position as a long-term owner of solar assets,” said Laura Stern, co-CEO of Nautilus Solar. “With its geographic diversity and mix of customers, this portfolio is an excellent addition to our growing base of projects under ownership.”