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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 8
Sector: Renewable Energy M&A 4 of 8
Type: Divestiture M&A Deals 4 of 8
State: Minnesota M&A 1 of 1
Country: United States M&A 4 of 8
Year: 2019 M&A 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 Renewable Energy
Revenue 92M USD (2024)
DESCRIPTION

Emeren Group is a renewable energy company comprising solar projects and Independent Power Producer (IPP) assets, complemented by a significant global Battery Energy Storage System (BESS) capacity. Specializing in the entire solar project lifecycle from development through construction to financing, the company excels by leveraging local talent in each market, ensuring its sustainable energy solutions are at the forefront of efficiency and impact. Emeren Group was founded in 2005 and is based in Norwalk, Connecticut.

DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 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 -
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