Nautilus Solar Energy LLC, on behalf of its Nautilus US Power Holdco LLC subsidiary, has acquired two neighborhood solar portfolios in Maine, with 5 tasks totaling 26.2 MW from BNRG Maine LLC (d/b/a BNRG Dirigo).
The tasks, positioned in Cumberland, Kennebec and Penobscot counties, are in numerous levels of improvement, with the primary tasks anticipated to achieve operation by the third quarter of 2022. Once accomplished, the neighborhood solar tasks will present another energy possibility to six,000 residential households inside Central Maine Power (CMP) electrical utility territory and to business off-takers throughout the Versant electrical utility territory.
These portfolios are a part of Maine’s Net Energy Billing program, amended by Governor Mills to offer renewable energy advantages and decreased prices for its residential prospects. Nautilus is the long-term proprietor of the tasks and chargeable for overseeing development, sustaining its long-term efficiency, and buying and managing buyer subscriptions. Any residential CMP utility buyer is eligible to subscribe to the tasks by means of Nautilus with no upfront price, no long-term dedication, and no cancellation charges.
Nautilus Solar acquired these portfolios in two separate transactions with BNRG Maine, a three way partnership between BNRG Renewables and Dirigo Solar. Both corporations have important expertise growing solar tasks in Maine. Nautilus has acquired and developed greater than 92 MW of neighborhood solar tasks in Maine, of which 52 MW will likely be operational finish of Q3 2022 and 88 MW by the tip of 2022.
“After our first successful transaction with the BNRG Maine team where we had to overcome many market challenges, it was a pleasure to work closely with them again on the second transaction,” says Daniela Pangallo, director of enterprise improvement for Nautilus. “Not only did their local expertise expedite timelines and reduce development risks in this emerging solar market, but they also proved once again to be creative and reliable partners. We really appreciate the opportunity for repetitive business with them.”
“Nautilus is a leader in the community solar space and clearly dedicated to supporting Maine’s energy growth,” states Nicholas Mazuroski, co-founder for Dirigo Solar. “Their team appreciates the local importance of these assets, and we look forward to supporting them through energization for the benefit of Maine homes and businesses.”
“BNRG Dirigo is delighted to work with the Nautilus team to bring these community solar assets online, providing both green power and significant savings to Mainers,” provides Rebecca Kelly, head of funding and financing at BNRG Renewables. “Through this portfolio and BNRG Maine’s broader investment in solar deployment in Maine, we continue our investment and belief in Maine as a strong leader and supporter of the energy transition.”