Nautilus Solar Energy announced the acquisition of a 3.5-MW community solar project in Cranston, Rhode Island from ISM Solar Development. This solar project is unique as it resides on a closed landfill that is a former EPA superfund site, meaning that it effectively utilizes land that was otherwise unusable.
The project is qualified under Rhode Island’s Community Remote Net Metering solar program, which allows Rhode Islander subscribers who cannot install solar panels on their own homes to purchase solar power at a discount to the standard electric service rate.
The solar system is expected to serve approximately 700 customer households that reside in National Grid’s territory. Construction is targeted for completion in Q3 2020. Nautilus, as the owner operator, will be responsible for the construction, customer acquisition and management, and the long-term operations and management of this project.
“Thanks to years of cooperation between many stakeholders – the property owner, responsible parties, regulators, the City of Cranston, and ISM Solar – we are proudly able to further transform this permanently closed landfill into a source of local clean energy,” said Greg Lucini, CEO of ISM Solar.
This is Nautilus’s second acquisition from ISM Solar in Rhode Island, having previously closed on the acquisition of a 3.3 MW solar project in Rhode Island last year.