ReneSola and Nautilus Solar Energy Announce the Acquisition of a Second 13.3MW Community Solar Portfolio
Emeren Group Ltd American Depositary Shares, each representing 10 shares (SOL)
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Source: PR Newswire
The Acquisition Doubles Nautilus's Commitment to Minnesota Community Solar SHANGHAI and SUMMIT, N.J., Sept. 11, 2018 /PRNewswire/ -- In a joint statement today, ReneSola Ltd (NYSE: SOL) ("ReneSola"), a leading fully-integrated solar project developer and provider of energy-efficient products, and Nautilus Solar Energy, LLC ("Nautilus"), a leading national solar project acquisition, development and asset management company, announced Nautilus's acquisition of a second 13.3 MW community solar portfolio developed by ReneSola. Similar to the initial acquisition announced last year between the parties, this community solar portfolio also qualified under Xcel Energy's rapidly expanding community solar program in Minnesota. The portfolio is expected to be built through the remainder of 2018, coming online during Q1 2019.Nautilus, through its full-service platform, provided early-stage development capital and will be responsible for long-term asset management services and maintenance for the
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