SUMMIT, N.J., March 14, 2019 /PRNewswire/ -- Nautilus Solar Energy, LLC ("Nautilus"), a leading national solar project acquisition, development and asset management company has closed the debt financing on a 6.6 MW community solar project in Maryland with Seminole Financial Services, LLC ("Seminole"). The solar project, constructed on the Panorama landfill site in Prince George's County, is one of the largest residential community solar projects in Maryland to date. The energy generated by the solar project will directly benefit qualified residential community solar subscribers who are situated within Pepco Maryland's service territory. The solar project will provide energy cost savings to 800 homes while advancing Maryland's overall renewable energy goals. The project is expected to come online during Q2 of 2019.
"Nautilus is very pleased to continue its relationship with Seminole as we expand into new markets," said Laura E. Stern, President of Nautilus. "Such leadership in community solar financing is an important factor in the growth of the sector."
A limited number of residential subscriptions to the system are still available at https://neighborhoodsun.solar/nautilus/
About Nautilus Solar Energy, LLC
Founded in 2006, Nautilus Solar Energy is a leading national solar acquisition, development and asset management company headquartered in Summit, N.J. Nautilus focuses on acquiring, developing, executing and managing distributed and utility-scale generation solar projects. In over 10 years, Nautilus has invested over $1 Billion in capital and provides asset management services to distributed, community solar and utility projects throughout North America. Nautilus is minority owned by Virgo Investment Group, LLC. Join Nautilus on LinkedIn, Facebook and Twitter and visit www.nautilussolar.com for more information.
About Seminole Financial Services
Based in Belleair Bluffs, Florida, SFS is the operating entity of six companies that collectively make up the Seminole Companies. SFS is responsible for originating, underwriting, servicing and providing asset management for the debt and equity investments originated for institutional investors managed by sister company, Seminole Advisory Services, LLC (SAS). SAS is a registered investment advisor with the SEC and presently has several hundred million dollars in assets under management. Information is available at www.SeminoleFinancialServices.com
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SOURCE Nautilus Solar Energy, LLC