NAUTILUS COMMUNITY SOLAR BRINGS ACCESS TO A CLEAN ENERGY FUTURE IN MAINE

March 18, 2021

$100 Million Investment Will Benefit Local Communities

YORK, ME (March 18, 2021) –Nautilus Solar Energy, LLC (“Nautilus”), one of the most established long-term owners and operators of community solar projects throughout North America, announces the investment of $100 million to bring community solar to Maine, providing thousands of residents an equitable and affordable renewable energy choice. With a local office in the Town of York, Nautilus has had a presence in Maine for over four years, and a commitment to power local communities with clean affordable energy for more than thirty years.

“As a solar industry veteran and a long-time resident of York, Maine, I am thrilled that community solar is finally coming to our great state,” says Nick Addivinola, Executive Director, M&A for Nautilus. “These projects will provide a clean, renewable energy choice for Mainers who do not have access to solar power, such as those who may not have a suitable roof for panels, renters, or low-to-moderate income earners. In addition, our projects are bringing jobs, tax revenue and economic growth to the state.”

Community solar is part of Maine’s Net Energy Billing (NEB) program, which was amended in June 2019 by Governor Mills to provide renewable energy benefits, energy efficiency, and reduced costs for its residential customers. In fact, a new studyreleased in March 2021 shows that the NEB program has generated $60 million in economic activity with the potential for nearly $800 million more in new investment into the state. Furthermore, community solar also supports Maine Won’t Wait, the new four-year climate action plan from the Maine Climate Council launched in December of 2020.

Nautilus partners closely with communities to produce local tax revenue, bring new job opportunities and deliver energy savings to Mainers. Community solar represents the democratization of solar energy. Nautilus’s community solar projects will provide the environmental equivalent of planting over 42,200 trees or taking over 6,000 cars off the road for the year, curbing greenhouse gas emissions and slowing harmful effect of climate change. These projects provide a direct benefit to the local Maine economy through the creation of jobs in the fields of consulting, engineering, construction and related workers.

Any residential Central Maine Power utility customer is eligible to subscribe to one of the projects through Nautilus with no upfront cost, no long-term commitment and no cancellation fees. The Nautilus team is currently inviting customers to subscribe to one of its community solar projects located in Androscoggin, Kennebec, Knox, Oxford, Somerset, and York counties.

As one of the fastest growing sectors of the Maine clean energy industry, community solar is a local solar “garden” or “farm” shared by multiple community subscribers. Each community solar farm produces enough energy to power several hundred homes. The electricity generated by the community solar project is injected into the electric grid, and the power is then delivered to the subscriber by Central Maine Power.

Spots are limited, so those who are interested in subscribing to one of the community solar farms should sign up at https://nautilussolar.com/community-solar/   Nautilus Solar is also partnering with community-based organizations across Maine to spread the benefits of community solar. By becoming a community partner, your organization will receive $100 for each member that enrolls using your referral code. If your organization is interested in becoming a Community Partner, contact partner@nautilussolar.com. 

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About Nautilus Solar Energy, LLC

Nautilus Solar Energy, LLC [Nautilus] is a leading owner-operator of solar projects focused on large industrial and community solar markets located throughout the United States.  A pioneer in solar energy since 2006, Nautilus is committed to creating a clean, sustainable future by offering an equitable and affordable renewable energy choice. Through its Community Solar initiative, Nautilus is making solar energy available to a broader marketplace, including low to middle income (LMI) households and unrated businesses that wish to reduce their carbon footprint and utility bills. 

Nautilus is wholly-owned by Power Sustainable, a global multi-platform alternative asset manager with a long-term investment approach focused on sustainable strategies.  Nautilus owns solar projects throughout their entire lifecycle enabling Nautilus, along with entrusted local partners, to fulfill its promise of creating a better world by powering communities with clean energy for the long term.

For more information on Nautilus Solar Energy visit https://nautilussolar.com/.  Join Nautilus on LinkedIn, Facebook and Twitter and/or visit www.nautilussolar.com for more information.

Media Inquiries:

Cathy W. McAuliffe, Marketing Coordinator, Nautilus Solar Energy LLC

cathy@nautilussolar.com