Nautilus Solar announces the acquisition of 9 MW solar PV project from Power52ES

Nautilus Solar Energy, LLC (Nautilus) announced the acquisition of a 9 MW community solar development portfolio from Power52 Energy Solutions (Power52ES), a regional developer of renewable energy projects. This portfolio is comprised of four separate projects located outside of Baltimore.  Each project is qualified under Maryland’s community solar pilot program and are in the Baltimore Gas & Electric (BGE) service territory. The portfolio is expected to be constructed and energized in 2019.

Utilizing its full-service platform, Nautilus will be responsible for the project management, long-term asset management and maintenance services for these projects. The projects will be owned by an affiliate of Virgo Investment Group, which is also a minority shareholder of Nautilus Solar Energy.  The energy generated by the projects will directly benefit qualified residential off-takers, including low and moderate income (LMI) subscribers, who are situated within BGE’s service territory. The energy generated through these solar projects will provide local residents with energy cost savings while also advancing Maryland’s overall renewable energy goals.