ReneSola and Nautilus Solar Energy announce the acquisition of 21.1 MW solar portfolio in US

ReneSola Ltd and Nautilus Solar Energy, LLC, have announced the later's acquisition of a 21 MW community solar portfolio in Minnesota. The portfolio is spread over four sites and will incorporate both single-axis tracking and fixed tilt solar applications. The project will be built through the remainder of year and is expected to come online during Q4 2019.

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. The projects 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.