Nautilus Solar shuts financing for 75-MW United States project portfolio

• Nautilus Solar Energy LLC today introduced it has closed tax obligation equity financing in the amount of USD 110 million (EUR 91m) for a solar portfolio with a capacity of about 75 MW in direct present (DC).

The funding was offered by Credit Suisse (SWX: CSGN) and is the second time the company companions with the Swiss financial investment financial institution after closing a USD-95-million transaction for a 55-MW portfolio in November 2020.

The current funding is for a portfolio that includes 22 area solar projects in Colorado, Maryland, Minnesota, New York and Rhode Island, which are expected to be appointed this year as well as early next year.