Nautilus Solar Energy Announces Completion Of Its First Community Solar Project In Orange County, New York

SUMMIT, N.J., June 17, 2019 /PRNewswire/ -- Nautilus Solar Energy LLC, a leading national solar acquisition, development, and asset management company, today announced the ribbon cutting for its first of three community solar projects serving Orange and Rockland's utility service territory. Located in the hamlet of Westtown in Orange County, the 2.83 MW community solar garden covers 15 acres and will provide energy cost savings to 300 homes while advancing New York's nation-leading renewable energy goals.

Utilizing its full-service platform, Nautilus will be responsible for the project management, long-term asset management and maintenance services for the projects. The energy generated by the Westtown solar project will directly benefit qualified residential community solar subscribers who are situated within the Orange and Rockland utility service territory. A limited number of residential subscriptions to the system are currently available through a partnership with Onesta Solar at www.chooseonestasolar.com.

The project reached commercial operation May 8, 2019. Nautilus's other solar projects in the towns of Greenville and Chester are scheduled to open by 3Q 2019.

"This community solar milestone extends Nautilus's vision towards extending a sustainable future for those customers that are unable to install large-scale solar facilities directly on premise," said Jim Rice, CEO, Nautilus Solar Energy, LLC. "We're particularly excited that this project propels Nautilus's community solar expansion into New York, our fifth market entry over the last year," added Jeffrey Cheng, COO,  Nautilus Solar.

This project received over $1 million from the New York State Energy Research and Development Authority (NYSERDA) through NY-Sun, Governor Andrew M. Cuomo's $1 billion NY-Sun initiative to advance the scale-up of solar and move New York State closer to having a sustainable, self-sufficient solar industry. Since 2011, solar in New York State has increased more than 1,700 percent and leveraged nearly $3.8 billion in private investments, making it one of the fastest growing solar markets in the nation. NY-Sun projects help support Governor Cuomo's nation-leading Green New Deal which calls for 70 percent of the state's electricity to come from renewable resources by 2030.

"Congratulations to Nautilus Solar on the completion of their community solar project, which is becoming an increasingly popular option for New York residents and businesses that are unable to install solar on their property or rooftop," said Alicia Barton, President and CEO, NYSERDA. "I commend the residents and businesses in Orange County for taking part in solar projects like this to support locally-produced renewable energy, lower consumer costs, and help reduce emissions in support of Governor Cuomo's nation-leading clean energy and climate goals."

About Nautilus Solar Energy, LLC

Founded in 2006, Nautilus Solar Energy, LLC headquartered in Summit, N.J., is a leading national solar acquisition, development and asset management company. Nautilus focuses on acquiring, developing, executing and managing distributed and utility-scale generation solar projects throughout North America. Over its 10-year history, Nautilus has invested over $1 billion in solar projects located throughout the United States and Canada. Nautilus is minority owned by Virgo Investment Group, LLC. Join Nautilus on LinkedIn and Twitter and visit www.nautilussolar.com for more information.

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SOURCE Nautilus Solar Energy, LLC