Power Energy acquires Nautilus

Power Energy Corporation (PEC) acquired US solar project acquisition, development and asset management company Nautilus Solar Energy, LLC from management and Virgo Investment Group. The current management team with Jim Rice and Laura Stern as co-CEOs and Jeffrey Cheng as President will lead the company under the new ownership. Nautilus will continue to manage the solar portfolio developed with Virgo Investment Group.
Founded in 2006, Nautilus Solar Energy is headquartered in Summit, New Jersey. Power Energy is a wholly owned subsidiary of Power Corporation of Canada that actively manages investments in the sustainable and renewable energy sector.

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