“With the successful closing of this private placement transaction, we are even more well-positioned to continue to grow our community solar business throughout the country. Nautilus Solar is demonstrating how successful renewable energy companies can reach new milestones of financial sustainability,” said Jeffery Cheng, CEO of Nautilus Solar Energy.
The company also said that the private placement “confirms institutional investor interest in both Nautilus and the growing community solar market”, adding that the segment is a secure renewable energy investment category.
Prior to this private placement, Nautilus Solar Energy bought a 270MW portfolio of projects from ESA, a US-based solar development platform, in June. Nautilus and ESA will co-develop the portfolio, which the former said is the largest early-stage solar acquisition and development partnership in its history.
| Our publisher Solar Media is hosting the 10th Solar and Storage Finance USA conference, 7-8 November 2023 at the New Yorker Hotel, New York. Topics ranging from the Inflation Reduction Act to optimising asset revenues, the financing landscape in 2023 and much more will be discussed. See the official site for more details. |
