Maryland
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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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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The Maryland community solar program provides Maryland residents with access to low cost renewable energy. By subscribing to our community solar projects, residents are able to get a guaranteed discount on their utility bills. In partnership with Summit Ridge Energy, Foss & Company closed on a tax equity investment for this portfolio – enabling the expansion of community solar in the state, and providing renewable energy to thousands of Maryland residents. The portfolio will receive Renewable Energy Credits from investment grade utilities. PROJECT DETAILS LOCATION Maryland
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