A $275 million tax equity investment will go toward between 25 and 30 community solar projects across five states.
The company acquired two community solar projects from developer Renewable Properties.
Nautilus Solar, a community solar specialist, grew its Maine portfolio by over 78 MW in 2024 and now has over 13,000 subscribers in the state.
The community solar specialist expands its footprint into the Midwest with the acquisition of this 75.6 MW portfolio.
Yet nearly 90% of solar firms reported they have had difficulty finding qualified applicants. How can the U.S. ready a qualified workforce?
The projects, split across two portfolios, were acquired from BNRG Maine and bring the company’s capacity of acquired and developed community solar projects within the state to more than 92 MW.
New York State is the number one community solar market in the US, and the largest market for Nautilus, which now has over 87MW in operation in the state.
Nine public housing authorities are aggregating demand for a contract with Nautilus Solar Energy and Veolia, which will build solar arrays to support thousands of residents.
Also on the rise: Crossover Energy inks deal with KKR, EPRI to address extreme weather reliability issues, Nautilus Solar buys community solar projects, LS Power completes solar asset acquisition, and VDE takes a stake in testing firm RETC.
Also in the brief: A New Mexico regulator has recommended denial of El Paso Electric’s planned expansion of the Newman Generating Station, Gemserv has launched a digital platform aimed at helping businesses transition to electric vehicles and more.
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