the ~$42 million The neighborhood’s photo voltaic portfolio totals 44 MWdc in Maine, Minnesota and Maryland
SAN FRANCISCO, Jan. 25, 2023 /PRNewswire/ — Foss & Firm, a number one institutional funding fund sponsor, introduced that it has closed the primary tranche of a tax fairness partnership with Nautilus Photo voltaic Vitality®, LLC (“Nautilus”) for its subsidiary Nautilus US Energy Holdco, LLC (“NUPH”), is a number one firm within the photo voltaic neighborhood. The primary tranche quantities to approx ~$42 million of funding for over 44 MWdc in tasks unfold throughout three states, together with Maine, Minnesotaand Maryland.
“We couldn’t be extra excited to companion with Nautilus on this distinctive portfolio,” mentioned By Bryan Alperin, managing director, Foss & Firm. “This portfolio won’t solely goal to carry new jobs and tax income to those three states, however as soon as they’re operational, these websites will present low-income households and small companies with these communities with elevated entry to inexpensive, clear electrical energy. We sit up for working with Nautilus on many comparable affect tasks sooner or later.”
These tasks goal to supply the required different vitality within the northeastern space of in the USA and is predicted to be absolutely operational by 2023.
“Our partnership with Foss and Firm permits neighborhood photo voltaic tasks to enter many markets within the US. This transaction helps Nautilus proceed to understand its imaginative and prescient of making a clear, sustainable future by providing a good and inexpensive selection of renewable vitality. We’re happy to have Foss and Firm as a companion to assist us obtain that imaginative and prescient,” mentioned My Camellia, chief monetary officer of Nautilus. “This transaction permits us to unlock the total worth of those tasks and assist obtain our mission of being a trusted supplier of fresh vitality to native communities.”
NUPH is the long-term proprietor of the tasks, with Nautilus Photo voltaic Vitality liable for managing building, sustaining its long-term efficiency, and buying and managing buyer subscriptions via proprietary neighborhood photo voltaic. its subscriber administration and acquisition platform.
About Foss & Firm
Based in 1983, Foss & Firm is a nationwide tax fairness investor and fund sponsor deployed in $8 billion of tax fairness for insurance coverage, banking, and different massive company shoppers to tax credit score enhanced transactions together with historic rehabilitation tasks, renewable vitality and superior vitality manufacturing amenities. Foss & Firm is a full-service advisor with confirmed experience in navigating the world of tax fairness investments. For extra info, go to www.fossandco.com.
About Nautilus Photo voltaic Vitality
Nautilus Photo voltaic Vitality®, LLC is a number one neighborhood photo voltaic firm, offering clear vitality to residential and business clients in native communities. Nautilus operates and manages photo voltaic farms in 10 states and is liable for financing, improvement, upkeep, and customer support all through the lifetime of the mission. Based in 2006, Nautilus has helped form the way forward for photo voltaic to supply a good and inexpensive renewable vitality choice for all. Nautilus is owned by Energy Sustainable, an entirely owned subsidiary of Energy Company of Canada. Energy Sustainable is a multi-platform different asset supervisor with a long-term funding method targeted on sustainable methods. For extra info on Nautilus Photo voltaic Vitality go to nautilussolar.com. Be part of Nautilus on LinkedIn, Fb, Instagram, and Twitter.
SOURCE Foss & Firm
