Maine
This closing marks Foss and Nautilus Solar’s second portfolio financing and is the second tranche of projects as part of a tax equity partnership between the two parties. The portfolio consists of 16 community solar projects located across Marlyand, Maine, Minnesota and New York. The total portfolio size is approximately 62 MWdc. As noted, this is Foss’ second portfolio with Nauitlus, a leading community solar developer wholly owned by Power Energy Corporation, a subsidiary of Power Corporatoin of Canada. This portfolio is expected to be fully operational by 2024. PROJECT DETAILS LOCATION Maryland, Minnesota, Maine, New York AMENITIES 16 community solar projects totaling approximately 62 MWd.
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The Eleven Pepperell Mill was built in 1890 and sat on the banks of the Saco River in Biddeford, ME. Upon completion this building is going to house 76 market-rate apartments and will be apart of the Pepperell Mill Campus. This campus is a vibrant community where hundreds of businesses and people not only work, but live side by side. This is our first Historic Tax Credit investment in the state of Maine! PROJECT DETAILS LOCATION Biddeford, ME AMENITIES 76 market-rate apartments
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Foss & Company has closed the first tranche of a tax equity partnership with Nautilus Solar Energy on behalf of its affiliate, Nautilus US Power Holdco, for around $42m of investment across over 44 MWdc of community solar projects. Spread across Maine, Minnesota, and Maryland, the projects aim to offer low-cost, clean electricity to low-income families and small businesses. The projects aim to provide much needed alternative energy to the northeast region of the United States. In addition, the portfolio will bring jobs and tax revenue to these three states. The portfolio is expected to be fully operational by 2023. PROJECT DETAILS LOCATION Maine, Minnesota, and Maryland PROJECT FEATURES 44-MWdc community solar portfolio
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