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Nautilus Solar Energy Acquires 17 MW Solar Portfolio From Pine Gate Renewables

September 23, 2020 / Prnewswire
SHARESHARESHARE

Nautilus Solar Energy, LLC ("Nautilus"), a leading national solar project acquisition, development and asset management company, announced the acquisition of two solar portfolios in Oregon and Rhode Island totaling approximately 17 MW from Pine Gate Renewables, a leading solar energy developer in the United States specializing in utility-scale solar projects. Both developments are in the early-to-mid stages. Nautilus will take each portfolio to completion and be responsible for the long-term asset management and maintenance services for the projects. The 14 MW Oregon portfolio, comprising five developments located across four counties in Western Oregon, marks Nautilus's first move into the state. The energy generated by the projects will directly benefit qualified residential off-takers situated within Portland General Electric (PGE) and Pacific Power service territories by providing energy cost savings while also advancing Oregon's overall community solar and renewable goals.