Nautilus Solar Energy has acquired 15.1 MW community solar development portfolio from SGC Power. The six projects are located across five counties and three separate utility territories in Maryland, and will produce enough energy to power 3,300 subscribing households in the region.
The projects are at various stages of development and construction with most of the projects expected to reach operational completion by Q4 2020.
The six projects are part of a larger 32.8 MW portfolio of Nautilus community solar facilities located throughout the state. All projects are qualified under the Maryland Community Solar Pilot Program to bring clean, local, job-creating, and affordable energy to all Marylanders.
As part of Nautilus’s mission to make renewable energy accessible to all customers through community solar programs, a portion of the power is allocated specifically to qualifying Low-to-Moderate Income (LMI) families. The LMI projects will provide guaranteed 25% savings to more than 1,500 low-income subscribers in Baltimore Gas and Electric (BG&E), Potomac Edison, and Delmarva Power and Light Service Territories. All other residential subscribers to Nautilus community solar projects are guaranteed to save 10% annually, as compared to traditional retail utility rates.
“We’re excited to have completed our first transaction with SGC and look forward to more in the future.”Jeffrey Cheng, president of Nautilus Solar.
“Locally generated renewable energy should be available to all Marylanders. Because of this belief, SGC Power has backed the Maryland community solar program from the beginning. We are excited to see these projects finally being erected and energized. It is only because of the dedication and great teamwork between SGC, Nautilus, state, and county governments that this vision could become a reality.”Mike Sloan, SGC Power’s managing partner.