Nautilus Solar starts commercial operation of 1.9 MW SCE project
SUMMIT, N.J., Aug. 21, 2012 /PRNewswire/ — Nautilus Solar Energy (“Nautilus Solar”), a leading independent solar power producer, has started commercial operation of its 1.9 MW roof mounted, solar photovoltaic project located in Chino, CA. Power generated from the project is being sold to Southern California Edison under a 20 year power purchase agreement.
“We are pleased to bring on line another solar project in the State of California and help move the state closer to its Renewable Portfolio Standard goals,” said James Rice, CEO of Nautilus Solar. “Nautilus Solar continues to be active in the California market and we are expanding our presence through a combination of greenfield development and project acquisitions.”
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, 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