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Nautilus Solar Acquires 17 MW Community Solar Portfolio from Borrego Solar

Power News - Published on Tue, 12 Nov 2019

Image Source: nautilussolar
Leading national owner & operator of community solar projects Nautilus Solar Energy LLC announced the acquisition of a 17.2 MW community solar portfolio from Borrego Solar Systems, the largest privately owned developer, designer, installer and O&M provider of commercial and utility-scale solar and energy storage projects. In addition to developing the portfolio, Borrego Solar will design, engineer, construct as well as maintain the systems. Nautilus will be responsible for the project management as the long-term owner and operator of the portfolio. Construction is targeted for completion during Q3 2020. Comprised of three solar projects in Monroe and Saratoga counties, the portfolio will produce enough safe, pollution-free, energy to power 1,500 homes. The portfolio has also been awarded NYSERDA Megawatt Block allocations and NY-SUN incentives.

Under the Community Solar model, qualified commercial and residential National Grid's New York customers can become subscribers for a portion of the energy produced by a system, which shows up in the form of credits on their utility bills. The popularity of the model with New York customers is evident in the fact that the commercial subscriber allocations are already full and there are a limited number of residential subscriptions available.

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Posted By : Arun Huidrom on Tue, 12 Nov 2019
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