NUPH will be the long-term owner of the projects and Nautilus is responsible for overseeing construction, maintaining their long-term performance, and acquiring and managing customer subscriptions.
Nautilus completes acquisition of 23 MW solar portfolio in Maryland
Date
August 16, 2023
Type
M&A Transactions
Subtype
Transaction completed
Countries
(USA) United States of America
Subsectors
Photovoltaic
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Nautilus Solar Energy, LLC, through its its affiliate Nautilus US Power Holdco LLC (NUPH), has completed the acquisition of two community solar photovoltaic portfolios located in the state of Maryland, USA which has a combined capacity of 23 MW.
The solar portfolios consists of six projects installed across the state. The projects are expected to be operational by 2024, serving the people residing in the Pepco and BG&E utility territories.
