ReneSola sells 13.3 MW solar portfolio to Nautilus

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ReneSola has sold 13.3 MW community solar portfolio to Nautilus Solar Energy, a solar project management company.

This community solar portfolio qualified under Xcel Energy’s expanding community solar program in Minnesota. The portfolio is expected to be built through the remainder of 2018, coming online during Q1 2019.

Nautilus provided early-stage development capital and will be responsible for long-term asset management services and maintenance for the projects. The projects will be owned by an affiliate of Virgo Investment Group, which is a minority shareholder of Nautilus Solar Energy.