Nautilus Solar Energy LLC, a nationwide owner-operator of distributed and community solar projects, says it has acquired a 3.5 MW community solar project in Cranston, R.I., from ISM Solar Development LLC, a developer of large commercial and utility-scale solar projects.
This project is unique as it resides on a closed landfill that is a former EPA superfund site. It effectively makes use of land that was otherwise unusable. This is Nautilus’ second acquisition from ISM Solar in Rhode Island, having previously closed on the acquisition of a 3.3 MW solar project in the state last year.
The project is qualified under Rhode Island’s Community Remote Net Metering solar program. The system is expected to serve approximately 700 customer households that reside in National Grid’s territory.
Construction is targeted for completion in the third quarter of 2020.
Nautilus, as the owner-operator, will be responsible for the construction, customer acquisition and management, and the long-term operations and management of this project.
“We are pleased to further extend our presence in the Rhode Island marketplace and offer the benefits provided by such a unique community solar project to a wider audience of local constituents,” says Jeffrey Cheng, president of Nautilus.
Nautilus has more than 30 MW of community solar projects operational or under construction in Rhode Island.
Subscriptions are now available to eligible customers through Arcadia Power.
Photo: A Nautilus community solar project.
