M&A: Power Sustainable hires Marathon Capital and National Bank of Canada to sell operational solar portfolio
Power Sustainable hired Marathon Capital and National Bank of Canada to sell a 138 MWdc operational solar portfolio, said sources familiar with the situation.
Teasers were distributed to the market.
The assets, located in Rhode Island, Maryland, Minnesota, New York and Colorado, are all in their respective state-run community solar programs.
The projects were developed and serviced by Power Sustainable on behalf of its affiliates Nautilus Solar and Potentia Renewables.
The assets, on average, are five years old.
Power Sustainable did not return calls seeking comment.
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