Nautilus Solar acquires 3-MW community solar project in development in Rhode Island

Nautilus Solar Energy has acquired a 3-MW community solar development from ISM Solar Development, a developer of large commercial and utility-scale solar projects. The project is qualified under Rhode Island’s emerging community solar program. Construction is targeted for completion during the first half of 2019. Nautilus will be responsible for the project management, customer subscription, and long-term asset management and maintenance services for this project. The project will be owned by an affiliate of Virgo Investment Group, which is also a minority shareholder of Nautilus. The energy generated by the projects will directly benefit qualified residential off-takers situated within National Grid’s service territory by providing energy cost savings while also advancing Rhode Island’s overall renewable energy goals.