NAUTILUS SOLAR ENERGY ACQUIRES 6.34 MW COMMUNITY SOLAR PROJECT IN NEW YORK FROM SATURN POWER

 

JUNE 24, 2021


 

Acquisition Expands Nautilus’s Commitment to the New York Renewable Energy Market

 

SUMMIT, NJ (June, 24, 2021) — Nautilus Solar Energy, LLC (“Nautilus”), a leading owner-operator of solar projects focused on community solar markets located throughout the United States, announced the acquisition of a 6.34 MWdc community solar project in New York from Saturn Power Inc. (“Saturn”), a Canadian renewable energy developer. The project, located in Norwich, NY, is expected to start construction in Q2 2021. Once completed, it will provide a clean energy choice to 775 households within the NYSEG utility territory while advancing New York’s renewable energy goals.

 

The community solar project directly supports New York’s Climate Leadership and Community Protection Act which mandates the state to obtain 70 percent of its electricity from renewable sources by 2030 (and that the electric sector be emissions-free by 2040). When fully operational the project is expected to generate approximately 9.0 million kilowatt hours (kWhs) annually. That is the environmental equivalent of planting over 105,645 trees or taking over 1,390 cars off the road for the year, curbing greenhouse gas emissions and slowing harmful effect of climate change (source: https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator).

 

In addition to environmental benefits, community solar favorably impacts economic development. The project will employ up to 50 local construction and installation workers on the project at any given time, and will provide ongoing, positive economic benefits to the community over the 35-year life of the project.

 

This is the first transaction between Nautilus and Saturn Power. As the landowner, Nautilus has a long-term commitment to the projects, including being responsible for the project management, asset management, maintenance services, and for acquiring and managing customer subscriptions.

 

“This acquisition extends Nautilus’s vision towards a sustainable future by providing equitable, affordable access to community solar for all New Yorkers,” said Jim Rice, co-Founder and co-CEO of Nautilus Solar. “This acquisition exemplifies Nautilus’s commitment to working closely with our early-stage development partners and furthers our overall goal of becoming a leading acquirer of community solar portfolios across the country,” added Jeffrey Cheng, President of Nautilus Solar.

 

“This community solar development will provide great benefit to the local community in addition to further contributing to New York State’s ambitious renewable energy targets and Saturn Power is proud of our team for their efforts in originating and developing this important solar project.” said Doug Wagner, CEO for Saturn Power. “When looking to transition this project to a local owner and operator, we pursued an organization with common values and a vision for renewable development that was consistent with Saturn Power’s, and we are delighted that Nautilus will be seeing this project through to commercial operation and beyond.”

 

Community solar is one of the fastest growing sectors of the New York clean energy industry, providing locally produced, affordable clean energy without any rooftop panels to install or upfront fees. Anyone who pays an electric bill can subscribe to a solar project in their area, helping to build stronger communities and fight climate change. Any residential NYSEG utility customer is eligible to subscribe to a portion of the energy produced by the Nautilus community solar project and receive a 10% savings on their utility bill with no upfront cost, no long-term commitment and no cancellation fees. Subscriptions to these projects are limited. Anyone interested in subscribing can now sign up at https://nautilussolar.com/community-solar/

 

About Nautilus Solar Energy, LLC

 

Nautilus Solar Energy, LLC is a leading owner-operator of solar projects serving the community solar market and corporate customers throughout the United States.  A pioneer in solar energy since 2006, Nautilus is committed to creating a clean, sustainable future by offering an equitable and affordable renewable energy choice. Through its Community Solar initiative, Nautilus is making solar energy available to a broader marketplace, including low to middle income (LMI) households and unrated businesses that wish to reduce their carbon footprint and utility bills. 

 

Nautilus is wholly owned by Power Sustainable, a global multi-platform alternative asset manager with a long-term investment approach focused on sustainable strategies.  Nautilus owns solar projects throughout their entire lifecycle enabling Nautilus, along with entrusted local partners, to fulfill its promise of creating a better world by powering communities with clean energy for the long term.

 

For more information on Nautilus Solar Energy visit https://nautilussolar.com/. Join Nautilus on LinkedIn, Facebook and Twitter and/or visit www.nautilussolar.com for more information.

 

About Saturn Power

 

Saturn Power Inc., founded in 2007 and based in Baden, Ontario, Canada, has over 600 MW of renewable energy generation and storage projects in development, built or operating, including solar, battery storage and wind power projects in Canada, Bermuda, the United States and Turkey. The company also has expertise in project financing, engineering, procurement, and construction as well as the operation and maintenance of existing renewable assets.

 

For more information, visit www.saturnpower.com

 

Media Inquiries:

 

Cathy W. McAuliffe

 

Marketing Coordinator, Nautilus Solar Energy LLC

 

cathy@nautilussolar.com

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BERMUDA REGULATORY AUTHORITY APPROVES SATURN POWER’S OPERATING LICENSE

 

License Allows for Power Generation on Nearly Constructed 6 MW Bermudian Solar Project
 

Saturn Power Inc., a Canadian renewable energy developer, through its affiliate, Saturn Solar Bermuda 1 Ltd. was recently awarded a Bulk Generation License by Bermuda’s Regulatory Authority for their 6 MW Solar Power project. Saturn’s project, which is located on “The Finger” at the L.F. Wade International Airport on St. David’s Island in Bermuda, began construction in 2019 and is nearing commercial operation with the prospect of generation in the near future.

 

Along with government-owned Tynes Bay Waste-to-Energy and local electricity supplier BELCO, Saturn Solar Bermuda 1 Ltd. is now one of only three organizations that hold a generation license in Bermuda.

 

 

“We are thrilled with the Regulatory Authority’s decision to grant Saturn an Operating License for our Solar Project,” said Doug Wagner, Chief Executive Officer for Saturn Power. “This license has been the culmination of significant work and diligence on both sides and we are very proud and grateful to be entrusted with providing the people of Bermuda with access to clean, sustainable power for decades to come.”            

 

“I am particularly pleased with the fulfilment of a sustainable agenda with this new solar farm”’ said the Hon. Walter H. Roban, Deputy Premier and Minister of Home Affairs for Bermuda. “It fulfills all the goals of a sustainable project in providing social, economic, and environmental benefit. We are pleased to be working with Saturn Power and look forward to more clean, renewable energy for the benefit of all of Bermuda.”

 

Saturn Power Inc., founded in 2007 and based in Baden, Ontario, Canada, has over 600 MW of renewable energy generation and storage in development, built or operating, including solar, battery storage and wind power projects in Ontario, Western Canada, Bermuda, the United States, and Turkey. The company also has expertise in project financing, engineering, procurement and construction (EPC) as well as the operation and maintenance of existing renewable assets.

 

Saturn Power Inc. has continued its work developing green energy projects during the global pandemic, maintaining our entire complement of employees while implementing strict work from home guidelines and protocols to ensure the safety of our team members and their families.

______________________________________________________________________________

For additional information, please contact:

Devin Petteplace,
Tel: 519-804-9163 ext. 118 
E: devin.petteplace@saturnpower.com

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Saturn Power Invites You to 

Estevan Solar Project Proposal Open House

Taking place: Thursday, August 15, 2019 from 5:00pm to 7:30pm

Located at: Southeast College, 532 Bourquin Road, Estevan, SK

 

 

In a collaborative effort with the City of Estevan, members of our team will be in attendance to engage with the community, answer your questions and provide information regarding the project proposal. 

 

We hope you will join us in discussing this exciting new project.

 

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AUSTIN, Texas, May 21— Five electric distribution cooperatives in Texas have signed agreements to purchase 7 megawatts (MW-dc) of distribution-scale solar generation, providing an increased supply of cost-effective and clean energy to their members while increasing local system resilience.

 

All of the arrays are scheduled to begin operation by June 2020. The buyers include Bartlett Electric Cooperative, Comanche Electric Cooperative, Heart of Texas Electric Cooperative, PenTex Energy and South Plains Electric Cooperative.

 

The projects will be developed, constructed, owned and operated by Canadian renewable energy developer Saturn Power Corporation, which will sell energy to the cooperatives through 20-year power purchase agreements. Saturn Power has developed and contracted 200 MW of wind, solar and battery storage projects, and was selected through a competitive bidding process that Rocky Mountain Institute managed as the buyers’ representative.

 

 

The solar arrays for each of the buyers will be sited on the cooperatives’ distribution systems, thereby avoiding Electric Reliability Council of Texas (ERCOT) demand charges and generation capacity charges from their generation and transmission providers. Considering these demand-charge savings in addition to the low price of the solar energy produced, RMI believes the portfolio of solar systems will provide more total value to the buyers than a utility-scale solar installation would.

 

“Developing these solar energy installations makes a lot of sense for our members,” Bryan Lightfoot, general manager and CEO of Bartlett Electric Cooperative, said. “Not only will we be providing more clean, locally sourced energy to our community and hardening our grid, but we expect to save money over the life of these projects by becoming more self-sufficient.”

 

Nationwide, electric cooperatives are increasingly turning to distribution-scale solar. Distribution-scale solar systems like these Texas projects are advantaged by being large enough to access low costs through economies of scale, and small enough to efficiently interconnect into distribution systems and offset demand charges. Electric cooperatives also can leverage local connections to facilitate the development process, further reducing costs. Subsectors of the distribution-scale solar segment include both shared solar, in which community members directly purchase capacity or energy, as well as utility-led development of 0.5–10 MW projects on the distribution grid.

 

“We are very excited about this project and look forward to forging strong, long-term relationships with the electric cooperatives,” said Doug Wagner, president and CEO of Saturn Power. “Saturn Power continues to expand its reach in the US renewables market and we are proud to be able to help bring clean, affordable and renewable power to the residents of Texas.”

 

RMI is working with communities, utilities, corporate buyers and solar developers to build a more transparent, standardized approach to help expand market access for distribution-scale solar installations. The organization is also continually expanding its network to both raise awareness of the benefits of this technology, and to simplify the process to help stakeholders determine how distribution-scale solar can help lower electricity costs and bring more clean and resilient energy supply onto the grid.

 

“It has been a pleasure working with this group of dedicated cooperatives to develop a common understanding of the value that on-site solar generation can provide in the ERCOT market,” Jason Prince, a senior associate at RMI who helped coordinate the agreement, said. “This first tranche of contracts executed pursuant to our request for proposal process sets an excellent precedent for additional procurements.”

 

Texas is a particularly attractive market for distribution-scale solar development for a number of reasons, including the state’s strong solar resource and high per-capita carbon intensity. In addition to the developments announced today, RMI and partners in the state are in late-stage discussions to facilitate additional distribution-scale solar procurements.

 

RMI also will convene Energy Innovation Lab (e-Lab) Forge: Texas 2019, an invitation-only facilitated workshop to advance innovative clean energy projects in the Lone Star State. Scheduled for Sept. 16–18 in Austin, e-Lab Texas will bring together teams working on high-impact, scalable ideas and projects in distribution-scale solar energy, battery storage and other distributed clean energy solutions. The dynamic two-and-a-half day working session will host as many as seven teams with the highest-potential ideas and projects selected from across the state. Trained facilitators and technical experts will lead teams through effective collaborative processes and provide customized coaching, training and feedback to support each team’s unique project.

 

In addition to its work in Texas, RMI has worked directly with electric cooperatives in Colorado, New Mexico and North Carolina, as well as communities in New York State, to develop distribution-scale solar installations for local residents.

 

Based on learnings from the procurement in Texas and past projects—including that cooperatives and other potential buyers lacked the necessary resources or capacity to run competitive procurement processes—RMI also has released its Solar Procurement Framework, a toolkit to connect interested parties with the resources needed to successfully develop 1–10 MW solar projects. The Solar Procurement Framework builds on existing resources to provide an easy-to-use, step-by-step guide for project development in the distribution-scale solar market. The Solar Procurement Framework is available at: https://distributionscalesolar.com

 

 

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Saturn Power is proud to announce the signing of our 6 MW solar project in Bermuda. On June 4th, 2018, founder and CEO Doug Wagner and VP of Engineering Mike Brugge visited Bermuda, to join the Government of Bermuda and the Bermuda Electric Light Company in announcing that Saturn Solar Bermuda 1 Ltd., a subsidiary of Saturn Power International Inc., will execute this project.

 

Using over twenty thousand solar panels, Saturn Power will develop a 6 MW AC solar photovoltaic (PV) power generation facility, at “The Finger” on St. David’s Island. It is expected to generate over twelve-thousand MWh of electricity annually and power up to 13% of

 

Bermuda’s energy usage. Saturn Power will be providing power to the Bermuda Electric Light Company for at least 20 years, in order to advance the use of clean energy and, most importantly, create a sustainable environment for future generations.

 

Doug explained that this project will be a significant achievement “for Saturn Power, for BELCO, for the government and for the people of Bermuda, as we will be developing this country’s very first utility-scale, renewable energy facility. In doing this, Bermuda has positioned itself as an example in the Caribbean community.”

 

Doug signed the finalized paperwork with the Minister of Transport and Regulatory Affairs Walter Robin, Minister of Public Works David Burch, Secretary Aideen Ratteray Pryse, and Secretary Yves Lortie.

 

Minister Walter Roban said, “We are pleased to collaborate with [Saturn} Solar Bermuda 1, who were the successful bidders for the development of this land through an intense, transparent and inclusive selection process that began in 2016.” He explained that Saturn Power offered the most affordable price in the competitive bid. Minister Roban also highlighted that the project will focus on empowering the community by employing local Bermudans for labour, construction, operations, and maintenance of the facility.

 

Our team is excited to being helping the Government of Bermuda reach its sustainability objectives. At Saturn Power, we are “Striving for a sustainable world.” This project brings us another step closer to achieving that goal.

 

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Saturn Power is proud to introduce the commercial operation of FIT 3 Solar Projects. Saturn Power led the permitting, engineering, procurement and construction of the development. The five solar farms, in partnership with North Shore Power Group were developed as a part of the Government of Ontario’s Feed-In Tariff (FIT) program.

 

Fixed 100, Fixed 200, Fixed 300, Fixed 400 and Fixed 500/Tracker are located in Blind River, Ontario, in close proximity to the Solvation S Project Site, owned and operated by Saturn Power. Each of the sites produce 500 kW AC, for a combined total of 2.5 MW AC in power generation. Our expert team of project developers and engineers used a mix of technologies to ensure optimization of the land. The mix includes Sungrow inverters, Heliene and Trina PV Modules, as well as GameChange and Solar FlexRack racking technologies.

 

 

First implemented, Fixed 200 was completed and began commercial operation as of June 6, 2017. The project was followed by Fixed 300 on June 26, 2017 and Fixed 400 on October 27, 2017. Most recently, Fixed 100 and Fixed 500 began commercially operating on July 20, 2018.

 

Saturn Power expresses sincere congratulations and gratitude to Mike Gupta, Construction Manager of the FIT 3 Solar Projects, for his integrity in ensuring the success of the development. We celebrate the implementation and full operation of this project, as it works to further the province of Ontario’s momentum towards a greener, cleaner energy portfolio. As a company headquartered in Ontario, we are proud that these provincial projects have been a part of our pursuit, as we strive to build a more sustainable world.

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