M&A Deal Summary

Nautilus Solar Energy Acquires ReneSola - 21.1MW Minnesota Community Solar Portfolio

On April 8, 2019, Nautilus Solar Energy acquired renewable energy company ReneSola - 21.1MW Minnesota Community Solar Portfolio from Emeren Group

Acquisition Highlights
  • This is Nautilus Solar Energy’s 4th transaction in the Renewable Energy sector.
  • This is Nautilus Solar Energy’s 4th transaction in the United States.
  • This is Nautilus Solar Energy’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2019-04-08
Target ReneSola - 21.1MW Minnesota Community Solar Portfolio
Sector Renewable Energy
Buyer(s) Nautilus Solar Energy
Sellers(s) Emeren Group
Deal Type Divestiture

Target

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.

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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 4 of 7
Sector (Renewable Energy) 4 of 7
Type (Divestiture) 4 of 7
State (Minnesota) 1 of 1
Country (United States) 4 of 7
Year (2019) 2 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 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.

Buy -

Seller(S) 1

SELLER

Emeren Group

Norwalk, Connecticut, United States
Category Company
Founded 2005
Sector Semiconductors
Employees147
Revenue 106M USD (2023)
DESCRIPTION

Emeren Group is a global manufacturer of solar wafers. Emeren Group was founded in 2005 and is based in Norwalk, Connecticut.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-22 JC Solar

China

JC Solar is a cell and module manufacturer with annualized manufacturing capacities of 25 MW and 50 MW.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 Emeren

London, United Kingdom

Emeren is a developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Emeren is based in London, United Kingdom.

Buy -
Mergr

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