Nautilus Solar Energy Secures $72 Million Tax Equity Deal to Expand Community Solar Portfolio in Midwest

Nautilus Solar Energy has secured a US$72 million tax equity deal for a 62MW solar portfolio from its affiliate and community solar company Nautilus US Power Holdco. The company will be the long-term owner of the projects, responsible for overseeing construction, maintaining its long-lived performance, and acquiring customer subscriptions through its subscriber management and acquisition platform. This deal is the second between both companies, with the first signed in January 2023 for projects in Maine, Minnesota, and Maryland. The acquisition of these projects could strengthen Nautil’s presence in community solar, particularly in the midwestern markets.