New Jersey — Nautilus Solar announced the acquisition of a 6.34 MWdc community solar project in New York from Saturn Power.
The project, located in Norwich, NY, is expected to start construction in Q2 2021. Once completed, it will provide energy choice to 775 households within the NYSEG utility territory while advancing New York’s renewable energy goals.
When fully operational the project is expected to generate approximately 9.0 million kilowatt-hours (kWhs) annually. That is the environmental equivalent of planting over 105,645 trees or taking over 1,390 cars off the road for the year.
The project will employ up to 50 local construction and installation workers on the project at any given time, and will provide ongoing, positive economic benefits to the community over the 35-year life of the project.
This is the first transaction between Nautilus and Saturn Power. As the landowner, Nautilus has a long-term commitment to the projects, including being responsible for the project management, asset management, maintenance services, and for acquiring and managing customer subscriptions.
“This acquisition extends Nautilus’s vision towards a sustainable future by providing equitable, affordable access to community solar for all New Yorkers,” said Jim Rice, co-Founder and co-CEO of Nautilus Solar.
“This community solar development will provide great benefit to the local community in addition to further contributing to New York State’s ambitious renewable energy targets and Saturn Power is proud of our team for their efforts in originating and developing this important solar project.” said Doug Wagner, CEO for Saturn Power.