Nautilus Solar Energy obtains solar projects in Oregon and also Rhode Island

• Nautilus Solar Energy, a national solar project purchase, advancement as well as asset administration company, got 2 solar portfolios from Pine Gate Renewables in Oregon as well as Rhode Island totaling about 17 MW. Both advancements remain in the early-to-mid stages.
• Nautilus will certainly take each portfolio to completion and also be in charge of the long-term possession management and also maintenance solutions for the projects.

" With these procurements, we significantly broaden our renewable resource existence in Oregon and also Rhode Island," said Jim Rice, co-founder as well as co-CEO of Nautilus Solar.

The 14 MW Oregon portfolio, comprising five growths located throughout four regions in Western Oregon, marks Nautilus's initial step right into the state. The energy created by the projects will directly benefit certified household off-takers situated within Portland General Electric (PGE) as well as Pacific Power service territories by supplying power cost savings while additionally advancing Oregon's overall area solar and also sustainable goals.

One site, situated in Clackamas County, has currently gotten a very early capability allowance in the preliminary round of the brand-new Oregon Community Solar Program as well as is projected to be operational in late 2021.

" This bargain exemplifies Nautilus's dedication to functioning carefully with our early-stage development companions as well as becoming a leading acquirer of solar portfolios throughout the country," claimed Jeffrey Cheng, president of Nautilus Solar.

The 3-MW advancement website in Rhode Island lies in Providence County and also will generate enough energy to power the matching of 680 homes within the National Grid service territory. The project is expected to be placed in service during 2022. The procurement of this website advances increases Nautilus's solar profile in the state to over 34 MW.

" We're satisfied that Nautilus Solar is acquiring these projects to provide even more renewable energy to Oregon and Rhode Island," stated Patty Wright, VP of growth for Pine Gate Renewables. "We collaborate with landowners and also designers in any way phases of a project's lifecycle to create long-lasting property worth."

On September 15, 2020, Nautilus introduced the co-development of a 13 MW profile in Colorado with Pivot Energy, noting its very first cooperation with the company as well as its initial entry into the state. Now with its continued expansion in Rhode Island and also added presence in Oregon and Colorado, Nautilus owns and also runs solar projects in eleven states throughout the country.