The portfolio financing provides long-term tax equity and debt financing for a series of distributed generation projects under 15 to 20-year power purchase agreements.
In addition, Nautilus Solar is currently in discussions with lenders for the financing of a 10MW portfolio of distributed generation projects under the Ontario Power Authority’s feed in tarriff program.
The company said the projects are a combination of rooftop, canopy and ground-mounted installations.
The deployments are expected to save the customers over $17m during the term of the power purchase agreements.
US -based Nautilus Solar Energy is a solar power producer that develops, constructs, finances, owns and operates distributed generation and utility-scale solar electric systems.
