Nautilus Solar just acquired an approximately 13.3-megawatt community solar portfolio previously developed by ReneSola.
The community solar portfolio, qualified under Xcel Energy’s burgeoning community solar program, is located in the rapidly expanding Minnesota solar marketplace. The portfolio is expected to be built through the remainder of 2017, coming online during Q1 2018.
The projects will be owned by an affiliate of Virgo Investment Group, which is also a minority shareholder of Nautilus Solar Energy.
The energy provided by the portfolio will benefit local community off-takers located off-site by lowering overall energy procurement costs while advancing renewable energy targets.