Marathon Capital, LLC (“Marathon Capital”) announces Nautilus Solar Energy LLC (Nautilus) has successfully closed on a $95 million tax equity financing commitment with an affiliate of Credit Suisse. Nautilus is a leading owner-operator of distributed generation and community solar projects located throughout North America. The facility will provide competitive long-term financing for fourteen community solar projects across Rhode Island, Maryland, New York and Minnesota, amounting to approximately 55 MWdc of nameplate capacity. All projects in the portfolio are expected to be placed in service in 2020. Marathon Capital acted as exclusive financial advisor to Nautilus on the transaction.
“This financing enables Nautilus’s strong portfolio of projects to efficiently provide clean energy to a diversified mix of residential and commercial subscribers,” said Laura Stern, co-CEO of Nautilus. “We would like to thank the Marathon team for supporting us in the successful closing of this milestone tax equity financing for Nautilus.”
|Nautilus Solar Energy Press Release|
About Nautilus Solar Energy, LLC
Nautilus Solar Energy, LLC (“Nautilus”) is a leading owner-operator of distributed generation and community solar projects located throughout North America. Over its 14-year history, the Nautilus team has successfully developed, acquired, managed and invested over $1.2 billion of capital into solar projects. Nautilus is wholly owned by Power Energy Corporation, a subsidiary of Power Corporation of Canada (TSX:POW), a global diversified management and holding company. Join Nautilus on LinkedIn, Facebook and Twitter and/or visit www.nautilussolar.com for more information.