Ontario: Nautilus Solar completes 14 rooftop solar projects


In addition to the 14 rooftop projects, which total 4.1 MW, the U.S.-based independent power producer plans to bring another 1.9 MW online across six projects by next month. Nautilus developed the projects with its Canadian subsidiary and Moose Power Inc.

The solar PV rooftop portfolio is set to grow to 7.2 MW later this year, with expectations that it will reach a total of 24 MW. A timeline was not provided for when the remaining 16.8 GW will come online.

Nautilus says all the projects have secured a 20 year PPA contract under the Ontario Power Authority's FIT program. Non-recourse financing came from North America’s Rabobank, while North Sky CleanTech Alliance Fund L.P. and NewWorld Environmental Infrastructure L.P provided equity funding. Community investment partners include Green Energy Co-operative of Ontario, Inc. (GEGO) and Eagle Lake First Nation. The financial sums were not disclosed.

"The project represents one of the largest financings of a distributed generation solar photovoltaic (PV) portfolio," said Nautilus in a statement released.

Overall, the company has more than 100 MW of solar energy, across both distributed and grid tied systems, in its portfolio in the U.S. and Canada.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.