MoFo News Item

MoFo Advises Virgo on Its 31.5 MW Portfolio Sale to Nautilus Solar Energy

13 Jan 2020

Morrison & Foerster advised private equity firm Virgo Investment Group in its sale of a 31.5 MW portfolio of operating solar project assets to Nautilus Solar Energy, a leading national solar acquisition, development, and asset management company. The deal was announced on January 13, 2020.

The portfolio of community solar and large C+I projects spans seven states, from California to Rhode Island, and serves customers such as hospitals, housing authorities, a community college, a regulated utility, and residential customers under long-term power purchase agreements. Nautilus originally developed, financed, and managed the projects in partnership with Virgo and will continue to operate them as part of Nautilus's own expanding portfolio under ownership.

The MoFo deal team was led by San Francisco Privacy Equity and M&A partner Patrick Huard.

Read the related press release.

Close
Feedback

Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.