Nautilus Solar Energy closes financing with Credit Suisse for 14 community solar projects
Nautilus Solar Energy has closed a $95 million tax equity financing commitment with an affiliate of Credit Suisse. The facility will provide competitive long-term financing for 14 community solar projects across Rhode Island, Maryland, New York, and Minnesota, amounting to approximately 55 megawatts direct current of nameplate capacity. All projects in the portfolio are expected to be placed in service in 2020.
“Nautilus is delighted to have worked with Credit Suisse on this innovative financing. We look forward to growing our business relationship in the future,” said Laura E. Stern, co-CEO of Nautilus. “Such collaboration supports Nautilus’s sustainable growth model and further expansion into existing and emerging community solar markets. Credit Suisse’s flexibility and creativity in structuring this transaction demonstrates its clear leadership in supporting emerging areas of solar financing.”
This transaction is the first community solar portfolio financing for Credit Suisse. Marathon Capital, LLC acted as exclusive financial advisor to Nautilus on the transaction.
Listen to more in-depth conversations on Solar Builder's YouTube channel
Our most popular series include:
Power Forward! | A collaboration with BayWa r.e. to discuss higher level industry topics.
The Buzz | Where we give our 2 cents per kWh on the residential solar market.
The Pitch | Discussions with solar manufacturers about their new technology and ideas.
Comments are closed here.