Starwood Takes Stake in Solar Co. January 12, 2009

Starwood Energy Group has taken a majority stake in solar developer Nautilus Solar Energy ahead of a buildout of its utility-scale project pipeline. “We always knew we needed to reach this point where we needed to scale up dramatically and it fits now,” says Jim Rice, Nautilus ceo in Chatham, N.J. The deal includes a $50 million commitment for future projects, but ...