Nautilus Solar Energy, LLC, on behalf of its affiliate Nautilus US Power Holdco, LLC announces 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 non-profit 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 responsible for overseeing construction, maintaining its long-term performance, and acquiring and managing customer subscriptions.
Over their lifetime, the projects are expected to generate approximately 25 million kWhs annually, contributing to Maine's goals of providing economic growth, workforce opportunities, and 80 percent clean energy by 2030 and 100 percent by 2050.
"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."
"The completion of this community solar portfolio demonstrates the continued delivery on the promise TurningPoint Energy made three years ago when we announced our entry into the Maine community solar market," said Salar Naini, Executive Vice President of Business Development. "It was a pleasure to work arm-in-arm with Nautilus, a consistent community solar leader and partner, to actualize this commitment."
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 green-house gas emissions and builds climate resilience and a stronger grid.