Nautilus completes first community solar portfolio in Maine
Nautilus Solar Energy has announced the completion of its first community solar portfolio in Maine. The fully operational 18.6 MW portfolio consists of three projects in Kennebec, Knox and Somerset counties. The projects will provide a clean energy alternative to an estimated 2,000 homeowners and tenants, local businesses and non-profit organizations within the CMP utility area.
These projects were developed by TurningPoint Energy as part of Maine’s Net Energy Billing program to provide its residential customers with benefits in renewable energy, energy efficiency and reduced costs. Nautilus is the long-term owner of the projects and is responsible for overseeing construction, maintaining long-term performance, and acquiring and managing customer subscriptions.
“We are proud to play a part in the growth of renewable energy in Maine by completing and officially opening our first community solar projects,” said Eric Paul, executive director of origination at Nautilus. “It was equally rewarding to share this milestone with a partner and experienced developer like TurningPoint Energy and to celebrate our second fully operational portfolio together.”
As one of the fastest growing sectors of the clean energy industry in Maine, community solar provides all the benefits of locally sourced, affordable clean energy without the need to install roof panels or pay upfront. Anyone who pays an electricity bill can subscribe to a solar project in their region and actively participate in the clean energy transition that reduces greenhouse gas emissions and builds climate resilience and a stronger network.
News item from Nautilus Solar Energy