Nautilus acquires 270 MW Great Lakes community solar portfolio in ESA deal

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Nautilus ESA Great Lakes Solar

Nautilus Solar has acquired a portfolio of up to 270 MWdc community solar projects in the Midwest from ESA. The companies formed a strategic co-developed partnership with the aim of encouraging early-stage community solar initiatives in the Great Lakes region.

This relationship lays a strong foundation for ESA’s sustainable growth trajectory, ensuring continued profitability while championing the core values of environmental stewardship and renewable energy advancement. ESA will remain 100% owned by its original founding partners, reinforcing its commitment to its founding principles.

“This collaboration harnesses ESA’s expertise in renewable energy and Nautilus’ financial might and nimble transactional abilities,” said Lindsay Latre, CEO of ESA. “Together, we aim to create a lasting impact on the communities we serve, turning widespread renewable energy adoption into reality.”

Piper Sandler Cos., a reputable advisor in the sector, played a key role in facilitating the partnership, ensuring a transparent, mutually beneficial and robust agreement that aligns with both companies’ strategic objectives.

“By combining our resources, expertise and capital,” added Justin Vandenbroek, COO at ESA, “we’re setting the stage for an equitable, sustainable future, further enhancing the economic opportunities the clean energy economy provides to rural communities across the United States.”

ESA and Nautilus are united in their dedication to pushing the clean energy transition forward. The two organizations aim to make a significant impact on the Great Lakes region, paving the way for a future powered by clean, reliable and accessible solar energy.

“This partnership combines our complementary strengths, equipping us to navigate hurdles and risks together while driving transformative outcomes for early-stage development projects,” said Laura York, VP of structuring at Nautilus.

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Tags: , , , This article was originally published by Solarbuildermag.com. Read the original article here.

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