Canadian Investment Manager Jumps into U.S. Community Solar Market with Nautilus Acquisition

By [email protected] The environmental impact arm of investment management and holding company Power Corporation of Canada this week took full ownership of U.S. community solar developer Nautilus Solar.

The acquisition fits within the broader trend of institutional investors dipping into solar, and the community solar space in particular. The purchase also marks the first U.S. play for Power Energy Corporation, the Power Corp. subsidiary that focuses its investments on companies with environmental impact.

“The U.S. is a huge market. I like to say that it’s 10-to-one scale between the U.S. and Canada, it’s probably more than that in renewables,” said Pierre-Olivier Perras,

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