Nautilus Solar, a leading operator of distributed as well as community solar projects, has reportedly announced the purchase of a 3.5-megawatt community solar project located in Cranston, RI from ISM Solar, a leading developer of commercial as well as large-scale solar projects.
The newly purchased solar project is located on a landfill site which is closed and was a previous EPA Superfund site, efficiently using the land that was unusable. This is the second acquisition of Nautilus from ISM Solar located in Rhode Island, the first being a 3.3-megawatt solar project.
Greg Lucini, CEO, ISM Solar, stated that due to a long time cooperation among many stakeholders including the property owner, regulators, responsible parties, the City of Cranston, as well as ISM Solar, the company is able to transform the landfill that was permanently closed into a source of clean energy.
The project is certified under the Community Remote Net Metering program of Rhode Island, permitting state subscribers to buy solar power at a concession to the standard rate of electric service without the need to install panels on their respective rooftop. It is anticipated to serve nearly 700 customer homes residing in National Grid’s region.
The construction is scheduled to be completed by the third quarter of 2020. Nautilus, the owner and operator, would be responsible for the management, construction, long-term operations, and customer acquisition of the project.
Jeffrey Cheng, president, Nautilus Solar, stated that the company is thrilled to further expand its presence in the market landscape of Rhode Island and would give the benefits offered by such a distinctive community solar project to a larger audience of local segments.
Presently, Nautilus has nearly 30-megawatt community solar projects under construction. It further expects to serve nearly 5,000 customers across residential areas by 2021, thereby supporting the renewable energy goal of Gina Raimondo, Governor of Rhode Island, to meet the state’s 100% renewable electricity requirements by 2030.