The acquisition comes as part of Nautilus's robust expansion strategy into the New England marketplace. "We are very excited to announce this acquisition, as this development is one of the largest virtual net metering solar developments in Massachusetts and adds high-quality assets to our growing portfolio with Virgo," said Jim Rice, CEO of Nautilus Solar. "Going forward, we continue to seek new opportunities in the region to further leverage our platform."
"Nautilus has quickly been gaining traction throughout New England," remarked Shawn Brazo, President of Seaboard Solar Holdings. "Through this complex acquisition process, we've seen that the Nautilus team is capable of delivering outstanding results in an expedited manner and we look forward to continue working with their team on other solar developments."
About Nautilus Solar Energy, LLC
Founded in 2006, Nautilus Solar Energy, headquartered in Summit, N.J., is a leading national solar development and asset management company. Nautilus focuses on developing, acquiring, executing and managing distributed and utility-scale generation solar projects throughout North America. Over its 10 year history, Nautilus has invested in over 125 MW of solar projects located in the United States and Canada. Nautilus is minority owned by Virgo Investment Group, LLC. Join Nautilus on LinkedIn and Twitter and visit www.nautilussolar.com for more information.
About Seaboard Solar Operations
Seaboard Solar Holdings, LLC is a renewable energy project development firm with over 40 MWs of Solar Projects under development in the Northeast. Seaboard provides full project development services to investors and commercial and utility customers across North America. Please contact us at: email@example.com
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SOURCE Nautilus Solar Energy, LLC