Last updated on April 17, 2014 at 1:21 EDT

Nautilus Solar Announces New 1.9 MW Chino, CA Solar Project

March 9, 2012

SUMMIT, N.J., March 9, 2012 /PRNewswire/ — Nautilus Solar Energy (“Nautilus Solar”), a leading independent solar power producer, has commenced engineering and construction of a 1.9 MW roof mounted, solar photovoltaic project located at 15710 San Antonio Avenue, Chino, CA. The project is scheduled to reach commercial operation in May 2012. Power generated from the project will be sold to Southern California Edison under a 20 year power purchase agreement.

“California is the largest solar market in the United States and we are excited to expand our portfolio in this very important market with the addition of the project at 15710 San Antonio Avenue in Chino,” said James Rice, CEO of Nautilus Solar. “Our goal is to continue to grow our footprint in California by developing and acquiring high quality projects to help the State meets its Renewable Portfolio Standard.”

About Nautilus Solar Energy

Founded in 2006, Nautilus Solar is a leading independent solar power producer headquartered in Summit, New Jersey. Nautilus Solar develops, constructs, finances, owns and operates distributed generation and utility-scale solar electric systems. The company sells its generated electricity through long-term power purchase agreements and has projects in NJ, CT, MA, MD, CA, FL and Canada, with approximately 89 MW owned and managed. Nautilus Solar is majority-owned by an investment affiliate of Starwood Energy Group Global, LLC, based in Greenwich, Connecticut.

For more information, please contact Brian Quinlan (301) 208-0153 or visit our website at www.nautilussolar.com.

SOURCE Nautilus Solar Energy

Source: PR Newswire