Nautilus completes first community solar portfolio in Maine

The 7.3-MW Farmingdale, Maine, community solar farm is one of three fully operational projects in Nautilus Solar Energy’s first completed 18.5-MW portfolio.

Nautilus Solar Energy announced the completion of its first community solar portfolio in Maine. The 18.6-MW fully operational portfolio is comprised of three projects located in Kennebec, Knox and Somerset Counties. The projects provide a clean energy alternative to an estimated 2,000 residential homeowners and renters, local businesses and nonprofit organizations within the CMP utility territory.

These projects were developed by TurningPoint Energy as part of Maine’s Net Energy Billing program to provide renewable energy benefits, energy efficiency and reduced costs for its residential customers. Nautilus is the long-term owner of the projects and is responsible for overseeing construction, maintaining its long-term performance, and acquiring and managing customer subscriptions.

“We are proud to play a role 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 has been 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 Maine clean energy industry, community solar provides all the benefits of locally produced, affordable clean energy without any rooftop panels to install or upfront fees. Anyone who pays an electric bill can subscribe to a solar project in their area and actively participate in the transition to clean energy which reduces greenhouse gas emissions and builds climate resilience and a stronger grid.

News item from Nautilus Solar Energy

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Original Source: https://www.solarpowerworldonline.com/2022/08/nautilus-completes-first-community-solar-portfolio-maine/