Nautilus Solar Energy
Marathon Capital, LLC (“Marathon Capital”) announced Nautilus Solar Energy LLC (Nautilus) 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.