Nautilus Funding expands entry to Group Solar

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Nautilus Solar Energy LLC, a long-time owner and operator of community solar projects across North America, claims to be investing $ 100 million to bring community solar to Maine and providing affordable renewable energy choices for thousands of residents.

“As a solar industry veteran and long-time resident of York, Maine, I am thrilled that Community Solar is finally coming to our state,” said Nick Addivinola, executive director of M&A at Nautilus. “These projects offer Mainern who do not have access to solar energy a choice of energy, e. B. those who may not have a suitable roof for panels, tenants, or low to medium income earners. In addition, our projects bring jobs, tax revenues and economic growth to the state. “

Community Solar is part of Maine's Net Energy Billing (NEB) program, which was modified by Governor Janet T. Mills in June 2019 to provide renewable energy benefits, energy efficiency and reduced costs to its residential customers. A new study released in March shows that the NEB program generated $ 60 million in economic activity, with the potential for nearly $ 800 million more in new investments in the state. In addition, Community Solar also supports Maine Won't Wait, the Maine Climate Council's new four-year climate protection plan, published in December 2020.

Nautilus works closely with communities to generate local tax revenue, create new job opportunities, and enable Mainers to save energy. Community solar projects provide direct benefits to the local economy by creating jobs in the consulting, engineering, construction and related workforce.

Any Central Maine Power Utility customer can subscribe to a project 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 in Counties Androscoggin, Kennebec, Knox, Oxford, Somerset and York.

Interested parties who would like to subscribe to one of the communal solar parks can register here.

Photo: Nautilus Solar Energy's local York, Maine office


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