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.