Nautilus Solar Energy LLC has acquired a 17.2 MW community
solar portfolio from Borrego Solar. The portfolio, which has been awarded
NYSERDA Megawatt Block allocations and NY-SUN incentives, comprises three solar
projects in Monroe and Saratoga counties in New York.
Borrego Solar will design, engineer, construct and maintain
the systems. Nautilus will be responsible for the project management as the
long-term owner and operator of the portfolio. Construction is targeted for
completion during the third quarter of 2020.
“It has been a pleasure to forge this relationship with
Borrego Solar. We have been impressed with the level of expertise and
professionalism they’ve demonstrated throughout the acquisition process,”
says Jim Rice, CEO of Nautilus.
“We’re particularly excited that this project propels
Nautilus’s community solar expansion into New York and marks part of the first
wave of portfolio acquisitions since being acquired by Power Energy Corp.,”
adds Jeffrey Cheng, president of Nautilus.
Nautilus focuses on acquiring, developing and managing
distributed and utility-scale generation solar projects throughout North
PHOTO: Jim Rice
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