M&A Deal Summary

Nautilus Solar Energy Acquires Power52 Energy Solutions - 9 MW Maryland Community Solar Portfolio

On November 15, 2018, Nautilus Solar Energy acquired renewable energy company Power52 Energy Solutions - 9 MW Maryland Community Solar Portfolio from Power52 Energy Solutions

Acquisition Highlights
  • This is Nautilus Solar Energy’s 2nd transaction in the Renewable Energy sector.
  • This is Nautilus Solar Energy’s 2nd transaction in the United States.
  • This is Nautilus Solar Energy’s 1st transaction in Maryland.

M&A Deal Summary

Date 2018-11-15
Target Power52 Energy Solutions - 9 MW Maryland Community Solar Portfolio
Sector Renewable Energy
Buyer(s) Nautilus Solar Energy
Sellers(s) Power52 Energy Solutions
Deal Type Divestiture

Target

Power52 Energy Solutions - 9 MW Maryland Community Solar Portfolio

Ellicott City, Maryland, United States
Power52 Energy Solutions - 9 MW Maryland Community Solar Portfolio is comprised of four separate projects located outside of Baltimore. Each project is qualified under Maryland’s community solar pilot program and is in the Baltimore Gas & Electric (“BGE”) service territory. The portfolio is expected to be constructed and energized in 2019.

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Buyer(S) 1

Buyer

Nautilus Solar Energy

Summit, New Jersey, United States

website


Category Company
Founded 2006
Sector Renewable Energy
DESCRIPTION

Nautilus Solar Energy LLC is a national solar acquisition, development, and asset management company. Nautilus focuses on acquiring, developing, executing and managing distributed and utility-scaled generation solar projects. Nautilus Solar Energy LLC was formed in 2006 and is based in Summit, New Jersey.


DEAL STATS #
Overall 2 of 7
Sector (Renewable Energy) 2 of 7
Type (Divestiture) 2 of 7
State (Maryland) 1 of 1
Country (United States) 2 of 7
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 Clean Energy Collective - Community Solar Portfolio

Carbondale, Colorado, United States

Clean Energy Collective LLC - Community Solar Portfolio is a 13.5 MWdc made up of projects in Massachusetts – where the offtake is with qualified commercial subscribers, and New York – where the offtake is with 100% qualified residential subscribers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 ISM Solar Development - 3 MW Community Solar Portfolio

East Providence, Rhode Island, United States

ISM Solar Development LLC - 3 MW Community Solar Portfolio is a developer of commercial and utility-scale solar projects.

Buy -

Seller(S) 1

SELLER

Power52 Energy Solutions

Ellicott City, Maryland, United States

website


Category Company
Founded 2015
Sector Renewable Energy
DESCRIPTION

Power52 Energy Solutions is a for-profit entity that breaks the cycle of poverty, unemployment, underemployment, and incarceration in our urban communities across the nation through workforce development, clean energy access, and solar development. Power52 Energy Solution's business model is to supply clean energy to LMI households nationwide through solar development and resiliency. Power52 Energy Solutions strong network and social impact translate to 15-20% cost savings to LMI households.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1