Nautilus Solar Acquires 270 MW Great Lakes Solar Portfolio from ESA

This mutually beneficial relationship lays a strong foundation for ESA's sustainable growth trajectory, ensuring continued profitability while championing the core values of environmental stewardship and renewable energy advancement. Importantly, ESA will remain 100% owned by its original founding partners, reinforcing its commitment to its founding principles.

"We are proud to establish this co-development partnership with Nautilus," said Lindsay Latre, CEO of ESA. "This collaboration harnesses ESA's expertise in renewable energy and Nautilus' financial might and nimble transactional abilities. Together, we aim to create a lasting impact on the communities we serve, turning widespread renewable energy adoption into reality."

"By combining our resources, expertise, and capital," added Justin Vandenbroek, COO at ESA, "We're setting the stage for an equitable, sustainable future, further enhancing the economic opportunities the clean energy economy provides to rural communities across the United States."

Commenting on the partnership, Laura York, Vice President of Structuring at Nautilus, said, "We are thrilled to unite ESA's market savvy and development expertise with Nautilus's financial might and nimble transactional abilities. This partnership combines our complementary strengths, equipping us to navigate hurdles and risks together while driving transformative outcomes for early-stage development projects."