Nautilus acquires 7.6-MW solar portfolio in Maine

Nov 17, 2022 02:21 PM ET
  • Nautilus US Power Holdco LLC (NUPH) has purchased a 7.6-MW community solar portfolio in Maine from Minneapolis-based programmer National Renewable Solutions LLC (NRS).
Nautilus acquires 7.6-MW solar portfolio in Maine
Image: Pete Jelliffe

The portfolio is included 2 community solar systems in the late stages of growth, Nautilus Solar Energy LLC has introduced.

Found in Presque Isle, Aroostook County, the solar farms are expected to commence procedure by the 3rd quarter of 2023. When up and running, the possessions must be capable of creating more than 11 million kWh per year.

The solar output will certainly be used as an alternative power alternative to the City of Presque Isle and also various other commercial off-takers within neighborhood utility Versant Power's Maine Public District territory.

NUPH is the lasting owner of the bundle while Nautilus will certainly supervise the building, maintain its long-lasting performance, as well as acquire and also take care of customer subscriptions.

Presently, Maine is targeting an 80% share of renewables in its electricity mix by 2030 as well as 100% by 2050.

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