Nautilus Solar Energy® and Foss & Company Announce $72 Million Tax Equity Partnership


The 62 MW group photo voltaic portfolio of 16 initiatives spans 4 states

SUMMIT, NJ, January 24, 2024 — Nautilus Photo voltaic Vitality®, LLC (“Nautilus”) on behalf of its affiliate Nautilus US Energy Holdco, LLC (“NUPH”), a number one group photo voltaic firm, and Foss & Firm, a number one institutional funding fund sponsor, introduced a $72 million tax fairness partnership. The funding covers a 62 MW portfolio of 16 initiatives unfold throughout Maine, Minnesota, New York, and Maryland. That is the second partnership between the 2 corporations.

“The collaboration with Foss & Firm highlights the rising demand for group photo voltaic initiatives that provide a good and inexpensive renewable power possibility,” stated Julian Erfurth, Government Director of Capital Markets for Nautilus. . “This partnership not solely strengthens our dedication to the event of a cleaner, extra sustainable power sector but additionally expands the attain of group photo voltaic in lots of US markets. We’re proud to be a part of the clear power transition.”

These initiatives intention to offer the mandatory various power within the Northeast and Midwest areas of america and are anticipated to be totally operational by 2024.

“We’re delighted to be partnering once more with Nautilus Photo voltaic Vitality on this necessary group photo voltaic portfolio,” stated Bryen Alperin, accomplice and managing director of renewable power and sustainable applied sciences, Foss & Firm. “This marks our second profitable engagement with Nautilus, a number one drive in group photo voltaic growth. We prolong our deepest gratitude to all concerned for his or her exhausting work, dedication and modern spirit in bringing this about life initiatives and supply inexpensive, clear power to communities throughout the nation.”

NUPH is the long-term proprietor of the initiatives, with Nautilus Photo voltaic Vitality liable for managing development, sustaining its long-term efficiency, and buying and managing buyer subscriptions by way of proprietary group photo voltaic. its subscriber administration and acquisition platform.

About Nautilus Photo voltaic Vitality
Nautilus Photo voltaic Vitality®, LLC is a number one group photo voltaic firm, offering clear power to residential and industrial prospects in native communities. Nautilus operates and manages photo voltaic farms in 10 states and is liable for financing, growth, 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 offer a good and inexpensive renewable power possibility for all. Nautilus is owned by Energy Sustainable, an entirely owned subsidiary of Energy Company of Canada. Energy Sustainable is a multi-platform various asset supervisor with a long-term funding strategy centered on sustainable methods. For extra data on Nautilus Photo voltaic Vitality go to nautilussolar.com. Be part of Nautilus on LinkedIn, Fb, Instagram, and Twitter.

About Foss & Firm
Based in 1983, Foss & Firm is a nationwide tax fairness investor and fund sponsor that has deployed over $8 billion in tax fairness for insurance coverage, banking, and different giant company purchasers in transactions tax credit score enhancements together with historic rehabilitation initiatives, renewable power and superior power manufacturing amenities. Foss & Firm is a full-service advisor with confirmed experience in navigating the world of tax fairness investments. For extra data, go to www.fossandco.com.



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