Nautilus Solar Energy secures $39 mln credit facility for Ontario projects
Nautilus Solar Energy LLC has obtained a $39 million construction and term facility from global financial services provider Rabobank. The facility will support development of a solar photovoltaic portfolio of distributed generation projects in Ontario managed by the company's Canadian subsidiary Nautilus Solar Energy Canada Inc. Nautilus said the deal is one of the largest to date for Canadian solar projects backed by local community co-operatives and First Nations. Last June, it was reported that Nautilus Solar Energy Canada's portfolio had secured an investment from U.S.-based GoldenSet Capital Partners and North Sky Capital.
9 January 2015•5 mins read
