Nautilus Solar News
Foss & Company Announces Tax Equity Partnership with Nautilus Solar Energy, LLC
1/25/2023
Foss & Company, a leading institutional investment fund sponsor, has announced that it closed on the first tranche of tax equity partnership with Nautilus Solar Energy, LLC. The first tranche totals approximately ~$42 million of investment for over 44 MWdc of projects spread across three states, including Maine, Minnesota, and Maryland....
Nautilus Set to Acquire its Largest Pre-Operational Community Solar Portfolio from Seaboard Solar Holdings
1/10/2023
Summit, New Jersey (January 10, 2023) – Nautilus Solar Energy®, LLC (“Nautilus”), on behalf of its affiliate Nautilus US Power Holdco, LLC (“NUPH”), announced that it has signed a deal to acquire a 54MW portfolio of solar projects from Seaboard Solar Holdings, LLC (“Seaboard”). The nine projects in the portfolio are located in New York and are expected to reach operation by fourth quarter of 2023. Once completed, the community solar projects will provide clean energy to power over 10,000 residential and commercial subscribers within the National Grid utility territory....
Nautilus Makes Headway in Maine’s Versant Utility Territory with Acquisition of 7.6MW Community Solar Portfolio
11/16/2022
Summit, New Jersey (November 16, 2022) – Nautilus Solar Energy®, LLC (“Nautilus”), on behalf of its affiliate Nautilus US Power Holdco, LLC (“NUPH”), announces the acquisition of a 7.6MW community solar portfolio of two projects in Maine from National Renewable Solutions, LLC (“NRS”), a renewable energy company. Located in Presque Isle, Aroostook County, the projects are in the late stage of development and are expected to reach operation by third quarter of 2023. Once completed, the community solar projects will provide an alternative energy option to the City of Presque Isle and other commercial off-takers within Versant Power’s Maine Public District utility territory....
Nautilus And Cipriani Forge Partnership With The Acquisition Of Two Community Solar Portfolios In New York
9/19/2022
Summit, New Jersey (September 19, 2022) – Nautilus Solar Energy, LLC (“Nautilus”), on behalf of its affiliate Nautilus US Power Holdco, LLC, announces the acquisition of two community solar portfolios in New York from Cipriani Energy Group Corporation (“Cipriani”), an international developer of renewable energy project. The two companies will co-develop eight community solar projects, totaling 25 MW....
Nautilus Solar Energy Enters A New Era Of Growth And Leadership
8/23/2022
Nautilus Solar Energy, LLC ("Nautilus"), a leading owner-operator of solar projects serving the community solar market and corporate customers throughout the United States, announces that Jim Rice and Laura Stern will be transitioning leadership of the company to Jeffrey Cheng, who will take over daily management responsibilities as Chief Executive Officer beginning September 30, 2022....
Commentary: Inflation Reduction Act Supports Robustclean-Energy Economy In Maine
8/16/2022
Tens of thousands of Mainers are about to benefit greatly from the passage of the Inflation Reduction Act. Gov. Mills and Sen. Angus King have led the effort to bring a robust clean energy economy to Maine and, with it, related economic and environmental benefits....
Nautilus Opens Its First Community Solar Projects In Maine
8/2/2022
Nautilus Solar Energy, LLC, on behalf of its affiliate Nautilus US Power Holdco, LLC ("Nautilus"), a leader in the development of community solar projects, announces the completion of its first community solar portfolio in Maine....
Nautilus Closes Community Solar Financing With U.S. Bank
6/27/2022
Nautilus Solar Energy, LLC, on behalf of its affiliate Nautilus US Power Holdco, LLC ("Nautilus"), has announced closing of a $58 million tax equity commitment with U.S. Bancorp Community Development Corporation (USBCDC), a subsidiary of U.S. Bank (NYSE: USB)....
Nautilus Solar Acquires Two Community Solar Portfolios In Maine Totaling 26.2 Mw From Bnrg Dirigo
6/1/2022
Nautilus Solar Energy, LLC ("Nautilus"), on behalf of its subsidiary Nautilus US Power Holdco, LLC, announced the acquisition of two community solar portfolios in Maine, with 5 projects totaling 26.2 MW from BNRG Maine LLC (d/b/a BNRG Dirigo)....
Nautilus Solar Hires Melissa Hanson As Executive Director Of Marketing
5/5/2022
Nautilus Solar Energy, LLC, ("Nautilus"), a leading owner-operator of solar projects throughout the United States, is pleased to announce the appointment of Melissa Hanson as Executive Director of Marketing and newest member of the executive team....
Solar Industry Launches Nonprofit To Alleviate Clean Energy Roadblocks
5/5/2022
The Solar Energy Industries Association (SEIA) is launching a 501(c)3 nonprofit to accelerate the transition to carbon-free electricity through clean energy research and analysis....
Half-Built Solar Project Shows Risk From Tariffs To Biden's Green Agenda
5/5/2022
The fallout from a trade probe is rippling through the U.S. solar industry, delaying projects and threatening to slow the renewable energy transition....
Nautilus Solar Energy Announces Completion Of A 24.9 Mw Community Solar Portfolio In New York
4/6/2022
Nautilus Solar Energy, LLC ("Nautilus"), a leader in the development of community solar projects, announces the completion of a 24.9 MW community solar portfolio in New York....
Nautilus Solar And Cliff House Maine Announce Community Solar Partnership
3/15/2022
Nautilus Solar Energy, LLC and Cliff House Maine are partnering in Nautilus's community solar program, which allows residents, municipalities and businesses like the luxury hotel Cliff House Maine to subscribe to shared community solar gardens without the need for solar panels on their property....
Nautilus Solar Energy And Pivot Energy Announce Completion Of A 13 Mw Community Solar Portfolio In Colorado
2/10/2022
Denver-based Pivot Energy ("Pivot"), and Nautilus Solar Energy, LLC ("Nautilus"), leaders in the development of community solar projects, announce the completion of a 13MW community solar portfolio in Colorado....
Nautilus Solar Energy And Sunrise Energy Ventures Announce The Acquisition Of A 16.8 Mw Community Solar Portfolio In Minnesota
2/1/2022
Nautilus Solar Energy, LLC ("Nautilus"), on behalf of its subsidiary Nautilus US Power Holdco, LLC, and Sunrise Energy Ventures ("SEV") announce the acquisition of up to twelve community solar projects in Minnesota totaling 16.8 MW of solar capacity....
Nautilus Solar Energy Celebrates 15 Years At The Forefront Of Renewable Energy
12/15/2021
Nautilus Solar Energy, LLC ("Nautilus") is proud to announce its 15th anniversary as a leader in the solar energy market....
Nautilus Solar Energy And Ism Solar Development Celebrate The Opening Of Community Solar Farm Sited On Remediated Epa Landfill
10/19/2021
Nautilus Solar Energy, LLC, ("Nautilus") and ISM Solar Development, LLC (“ISM Solar”), leaders in the development of solar energy projects, yesterday celebrated the opening of a 3.43MW community solar project sited on a remediated EPA superfund site....
Nautilus Solar Energy And Veolia North America Bring Their Combined Expertise To Develop Solar Power To Benefit Thousands Of Public Housing Residents
10/13/2021
Two New England leaders in the development of sustainable energy solutions -- Nautilus Solar Energy (Nautilus) and Veolia North America (VNA) -- are joining forces to support members of the Public Housing Association of Rhode Island (PHARI) in a visionary project which will provide guaranteed energy savings to area Housing Authorities and bring electricity to thousands of low-income residents across the state from safe, clean, renewable solar projects....
Nautilus Solar Hires Camelia Miu As Chief Financial Officer
8/19/2021
Nautilus Solar Energy, LLC, ("Nautilus"), a leading owner-operator of solar projects throughout the United States, is pleased to announce the appointment of Camelia Miu as Chief Financial Officer and newest member of the executive team....
Nautilus Solar Energy And Turningpoint Energy Announce Partnership On A 25.5 Mwdc Community Solar Portfolio In Maine
7/28/2021
Nautilus Solar Energy, LLC ("Nautilus") and TurningPoint Energy ("TPE") announce a partnership working on four community solar projects in Maine totaling 25.5 MWdc of solar capacity....
Nautilus Solar Energy Opens Maryland's Largest Community Solar Project Dedicated To Providing Over Half The Power Generated To Low-To-Moderate Income Residents
7/16/2021
Nautilus Solar Energy, LLC, ("Nautilus") a leading owner-operator of solar projects throughout the United States, today announced the opening of Maryland's largest community solar project dedicated to providing over half (54%) of the power generated to the low-to-moderate income (LMI) community....
Nautilus Solar Energy Acquires 60Mw Fully Operational Solar Portfolio In New York And Maryland
6/30/2021
Nautilus Solar Energy, LLC ("Nautilus"), a foremost owner-operator of solar projects throughout the United States, announced the acquisition of twenty-one, fully-operational solar projects in New York and Maryland totaling almost ~60 MWdc of solar capacity. This transaction is one of the largest acquisitions of an operating community solar portfolio to date....
Nautilus Solar Energy Acquires 6.34 Mw Community Solar Project In New York From Saturn Power
6/24/2021
Nautilus Solar Energy, LLC ("Nautilus"), a leading owner-operator of solar projects focused on community solar markets located throughout the United States, announced the acquisition of a 6.34 MWdc community solar project in New York from Saturn Power Inc. ("Saturn"), a Canadian renewable energy developer....
Nautilus Solar Energy And Turningpoint Energy Announce Mechanical Completion Of A 15.68 MW(Dc) Community Solar Project In Rhode Island
6/9/2021
Nautilus Solar Energy, LLC ("Nautilus") and TurningPoint Energy ("TPE") announce the King community solar project located in North Smithfield, Rhode Island has reached mechanical completion and will be fully operational in July....
Nautilus Solar Energy Closes Second Community Solar Financing With Credit Suisse
4/22/2021
Nautilus Solar Energy, LLC ("Nautilus"), a leading owner-operator of distributed generation and community solar projects located throughout North America has closed a $110 million tax equity commitment with Credit Suisse....
Nautilus Community Solar Brings Access To A Clean Energy Future In Maine
3/18/2021
Nautilus Solar Energy, LLC ("Nautilus"), one of the most established long-term owners and operators of community solar projects throughout North America, announces the investment of $100 million to bring community solar to Maine, providing thousands of residents an equitable and affordable renewable energy choice....
Nautilus Solar Energy Acquires 47 Mw Community Solar Portfolio In Maine From Ism Solar
3/11/2021
Nautilus Solar Energy, LLC ("Nautilus"), a leading owner-operator of solar projects focused on community solar markets located throughout the United States, announced the acquisition of eight community solar projects in Maine totaling 47.2 MWdc from ISM Solar Development, LLC ("ISM"), a developer of large commercial and utility scale solar projects....
Nautilus Solar Energy Acquires Three Community Solar Projects In Maine From Walden Renewables
1/27/2021
Nautilus Solar Energy LLC ("Nautilus") and Walden Renewables Development LLC ("Walden") announce the acquisition of three distributed generation solar projects in Maine from Walden....
Nautilus Solar Hires Courtney Matsuishi As General Counsel
12/21/2020
Nautilus Solar Energy, LLC ("Nautilus"), a leading owner-operator of distributed generation and community solar projects located throughout North America, is pleased to announce the appointment of Courtney Matsuishi as General Counsel and newest member of the executive team....
Nautilus Solar Energy Closes On Tax Equity Investment
12/22/2020
Nautilus Solar Energy, LLC ("Nautilus"), a leading owner-operator of distributed generation and community solar projects located throughout North America, has closed a tax equity investment from a fund associated with Churchill Stateside Group ("Churchill"), a real estate and renewable energy financial services company, for the long-term financing of a 9.544 MWdc (6.68MWac) community solar installation in West Greenwich, RI....
Nautilus Solar Energy Closes Community Solar Financing With Credit Suisse
11/24/2020
Nautilus Solar Energy, LLC ("Nautilus"), a leading owner-operator of distributed generation and community solar projects located throughout North America, has closed a $95 million tax equity financing commitment with an affiliate of Credit Suisse....
Solar Executives Launch Nationwide 'Renewables Forward' Initiative To Tackle Diversity And Inclusion
10/13/2020
group of leading solar and renewable energy companies and trade organizations have launched an initiative, Renewables Forward, to take action and develop concrete steps to increase workforce diversity and inclusion throughout the industry....
Pivot Energy And Nautilus Solar Energy Partner To Expand Community Solar Development In Colorado
9/15/2020
Pivot Energy, Colorado’s largest community solar developer, and Nautilus Solar Energy, LLC ( “Nautilus”), a leading community solar owner and operator, have announced plans to co-develop 13 megawatts (MWs) of community solar in Colorado....
Nautilus Solar Energy Acquires 17 Mw Solar Portfolio From Pine Gate Renewables
9/22/2020
Nautilus Solar Energy, LLC ("Nautilus"), a leading national solar project acquisition, development and asset management company, announced the acquisition of two solar portfolios in Oregon and Rhode Island totaling approximately 17 MW from Pine Gate Renewables, a leading solar energy developer in the United States specializing in utility-scale solar projects. Both developments are in the early-to-mid stages....
Nautilus Solar Expands Maryland Presence With Acquisition Of 15.1 Mw Community Solar Portfolio From Sgc Power
7/8/2020
Nautilus Solar Energy, LLC ("Nautilus"), a leading community solar owner and operator, announced the acquisition of a 15.1 MW community solar development portfolio from SGC Power ("SGC"), a full life-cycle set provider of products that help solar asset owners invest, build and operate projects which give great financial returns....
Nautilus Solar Energy Leads Maryland's Community Solar Market
5/7/2020
Nautilus Solar Energy LLC, a leading, full-service solar solutions provider, has become Maryland's foremost owner and operator of community solar power projects, bringing clean, renewable energy to thousands of Marylanders....
Nautilus Solar Announces Acquisition Of A 3.5 MW Community Solar Project In Rhode Island
2/18/2020
Nautilus Solar Energy, LLC, ("Nautilus"), a nationwide owner-operator of distributed and community solar projects, announced the acquisition of a 3.5 MW community solar project in Cranston, Rhode Island from ISM Solar Development, LLC ("ISM Solar"), a developer of large commercial and utility-scale solar projects....
Nautilus Solar Energy Acquires 10.4 Mw Community Solar Portfolio In Minnesota From Renesola Energy
6/2/2020
Nautilus Solar Energy, LLC ("Nautilus"), a leading national owner-operator of solar projects, announced the acquisition of a 10.4 MW community solar portfolio from ReneSola Power ("ReneSola"), a leading fully-integrated solar project developer and provider of energy-efficient products....
Nautilus Solar Energy Closes Debt Financing With National Bank Of Canada And Royal Bank Of Canada
4/29/2020
Nautilus Solar Energy, LLC ("Nautilus"), a leading owner-operator of distributed generation and community solar projects located throughout North America closed a $90 million debt financing agreement led by National Bank of Canada "NBC" and including Royal Bank of Canada ("RBC") as lender....
Ground Breaking Ceremony At The King Community Solar Project In North Smithfield, Rhode Island
11/19/2019
Rhode Island Governor Gina Raimondo (second from right) yesterday joined State Representative Carlos Tobon, Jared Schoch (President of Turning Point Energy), Laura Stern (Co-CEO of Nautilus Solar Energy), Gary Ezovski (Town Administrator of North Smithfield) and Carol Grant (Commissioner, Rhode Island Office of Energy Resources) for a ground breaking ceremony at the King community solar project in North Smithfield, Rhode Island....
Nautilus Solar Energy Acquires 17.2 Mw Community Solar Portfolio From Borrego Solar
11/8/2019
Nautilus Solar Energy, LLC (“Nautilus”), a leading national owner/operator of community solar projects, announced the acquisition of a 17.2 megawatt (MW) community solar portfolio from Borrego Solar Systems, the largest privately owned developer, designer, installer and O&M provider of commercial and utility-scale solar and energy storage projects....
Nautilus Solar Energy Acquires 31.5 MW Portfolio From Virgo Investment Group
1/13/2020
Nautilus Solar Energy ("Nautilus") has acquired a 31.5 MW portfolio of operating solar project assets from Virgo Investment Group ("Virgo"). 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....