M&A Deal Summary

Nautilus Solar Energy Acquires Borrego Solar Systems - 17.2 Megawatt Community Solar Portfolio

On November 7, 2019, Nautilus Solar Energy acquired renewable energy company Borrego Solar Systems - 17.2 Megawatt Community Solar Portfolio from Borrego Solar

Acquisition Highlights
  • This is Nautilus Solar Energy’s 5th transaction in the Renewable Energy sector.
  • This is Nautilus Solar Energy’s 5th transaction in the United States.
  • This is Nautilus Solar Energy’s 1st transaction in California.

M&A Deal Summary
Date 2019-11-07
Target Borrego Solar Systems - 17.2 Megawatt Community Solar Portfolio
Sector Renewable Energy
Buyer(s) Nautilus Solar Energy
Sellers(s) Borrego Solar
Deal Type Divestiture

Target

Borrego Solar Systems - 17.2 Megawatt Community Solar Portfolio

California, United States
Borrego Solar Systems, Inc. - 17.2 Megawatt (MW) Community Solar Portfolio comprises of three solar projects in Monroe and Saratoga counties, the portfolio will produce enough safe, pollution-free, energy to power 1,500 homes.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Nautilus Solar Energy

Summit, New Jersey, United States
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 5 of 7
Sector (Renewable Energy) 5 of 7
Type (Divestiture) 5 of 7
State (California) 1 of 1
Country (United States) 5 of 7
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 ReneSola - 21.1MW Minnesota Community Solar Portfolio

Minnesota, United States

ReneSola Ltd. - 21.1MW Minnesota Community Solar Portfolio the largest community solar portfolio developed by ReneSola in Minnesota. The portfolio is spread over four sites and will incorporate both single-axis tracking and fixed tilt solar applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 ISM Solar Development - 3.5 MW Community Solar Project

East Providence, Rhode Island, United States

ISM Solar Development LLC - 3.5 MW Community Solar Project is unique as it resides on a closed landfill that is a former EPA superfund site. It effectively utilizes land that was otherwise unusable.

Buy -

Seller(S) 1

SELLER

Borrego Solar

San Diego, California, United States
Category Company
Founded 1980
Sector Renewable Energy
DESCRIPTION

Borrego Solar is a privately-owned developer, designer, installer, and O&M provider of commercial and utility-scale solar and energy storage projects. Borrego Solar was formed in 1980 and is based in San Diego, California.

DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 1 of 2
State (California) 1 of 2
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-17 Anza

Oakland, California, United States

Anza is a revolutionary platform that empowers solar and energy storage equipment buyers and developers to use advanced data and technology to see more options, reduce risk, increase project profits, and save massive amounts of time. The proprietary technology engine behind the Anza digital platform is a cost and performance modeling software that identifies the most optimized components based on customer-provided project details. Anza is based in Oakland, California.

Sell -
Mergr

Product

Company

Legal