Power Energy Corporation (PEC) has completed the acquisition of Nautilus Solar Energy from its management and Virgo Investment Group for an undisclosed sum.
Founded in 2006, Nautilus Solar Energy is a leading national solar acquisition, development and asset management company headquartered in Summit, NJ. Nautilus focuses on acquiring, developing, executing and managing distributed and utility-scaled generation solar projects. Since its inception, Nautilus has invested over US$1 billion in capital and provides asset management services to distributed, community solar and utility projects throughout North America.
PEC is a unit of Power Corporation of Canada.