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Nautilus buys 3.5-MW community solar project in Rhode Island

Solar farm. Author: Nautilus Solar Energy. License: All Rights Reserved

February 18 (Renewables Now) - Nautilus Solar Energy LLC has acquired a 3.5-MW community solar project in Cranston, Rhode Island, the company announced on Tuesday.

The seller in this transaction is ISM Solar Development LLC, which develops large commercial and utility-scale solar projects. 

The purchased asset will be built on a closed landfill that is a former EPA superfund site. It is qualified under the state’s Community Remote Net Metering solar programme and is expected to serve some 700 customer households within National Grid’s territory. Building works are seen to conclude in the third quarter of 2020.

Nautilus said it has more than 30 MW of community solar projects in operation or under construction in Rhode Island and expects to serve over 5,000 residential customers in the state by 2021.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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