Nautilus Solar Energy completes acquisition of community solar portfolio from ReneSola
Nautilus Solar Energy has acquired a 13.3 MW community solar portfolio located in Minnesota, USA developed by ReneSola Ltd. Nautilus, through its full-service platform, provided early-stage development capital and will be responsible for long-term asset management services and maintenance for the projects.
With the deal, the project will be owned by an affiliate of Virgo Investment Group, which is also a minority shareholder of Nautilus Solar Energy. The energy provided by the portfolio directly benefits local community off-takers located offsite by providing energy cost savings while also advancing subscriber's sustainability goals.
The portfolio is expected to be built through the remainder of 2018 and is expected to commence by the first quarter of 2019.
Country updates
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September 10, 2018
Ares Management closes acquisition of Paradigm Energy Partners’ midstream assets
Ares Management, L.P. has announced that it has closed on the acquisition of substantially all of the assets and business interests of Paradigm Energy Partners from an affiliate of Ston...
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September 10, 2018
Senvion signs turbine supply contract for 80 MW wind project in Michigan
Senvion and Heritage Sustainable Energy have executed an 80 MW agreement for the supply and delivery of turbines for the Garden II wind project, located in Delta County, Michigan, in the Midwestern re...
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September 10, 2018
FONSI issued for the biorefinery in Adams County
USDA has issued a Finding of No Significant Impact (FONSI) on the environmental assessment report for Velocys’ biorefinery in Natchez, Adams County in Mississippi, USA. Next step is the pr...
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September 07, 2018
Centrica announces acquisition of EPC company Vista Solar
Centrica plc has announced its acquisition of a California-based solar engineering, procurement and construction (EPC) company, Vista Solar. The acquired company, established in 2008, h...
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September 07, 2018
US government to fund bioenergy research
The Department of Energy of the US government has announced the selection of 36 projects totaling US$80 million to support early-stage bioenergy research and development (R&D). This R&D will e...
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