Science & Technology

Nautilus Solar Energy, Veolia Develops Solar Power for Public Housing Authorities

Nautilus solar energy When Veolia North America (VNA) is a project that provides guaranteed energy savings to local housing authorities and powers thousands of low-income people across the state from renewable solar projects, the Rhode Island Public Housing Association (PHARI). ) We are working together to support the members.

One of the country’s first efforts to consolidate multiple public housing authorities under a single renewable energy contract involves the construction of three solar panel fields covering a total of more than 55 acres. The panel powers nine separate housing authorities on Rhode Island. The project is in the early stages of development and is expected to begin construction in the first half of 2022.

Located primarily in the towns of Excelter and Smithfield, the field powers more than 20 million kWh to housing authorities in Providence, North Providence, Newport, Cranston, Smithfield, Warwick, Warren, Bristol and Lincoln. Supply The agreement provides guaranteed savings on general electricity supply rates, thereby reducing the operating budget of housing authorities in areas with some of the country’s highest energy costs.

“We are proud to leverage our experience in partnering with PHARI to support innovations that provide clean renewable energy for everyone in Rhode Island. It needs to happen on a larger scale and everywhere. We support innovation in the ecosystem, “said Mike Byrnes, senior at Veolia North America. Vice President and CEO of SourceOne, a VNA energy consulting firm. SourceOne has been PHARI’s Energy Advisor for over 10 years, providing energy sourcing and risk management services to all member organizations.

The project is expected to save approximately $ 30 million in energy costs over the next 20 years.

“This partnership is important because it symbolizes Nautilus’ commitment to provide fair and affordable access to community solar for all in Rhode Island,” said Nautilus Co-Founder and Co-CEO. One Jim Rice commented.

With Veolia North America’s advice to PHARI, Nautilus was selected by the respective committees of the nine housing corporations as the only developer of the community solar project from start to finish. Veolia North America supported PHARI throughout the process through SourceOne, providing expertise in scope and technical solutions for optimizing sustainability and cost efficiency.

“We are proud to work with Veolia North America and PHARI members on these important and groundbreaking projects,” adds Jason Su, structuring associate at Nautilus. “This was the first remote net metering project in which individual groups of housing authorities collaborated to leverage purchasing power. As a result, hundreds of public housing residents benefited from these clean and affordable solar projects. Will receive. “

As a long-term owner of the portfolio, Nautilus is responsible for overseeing construction, ongoing management, and maintaining long-term performance for the life of the project (estimated 25-30 years). The energy generated by the project will be supplied to the power company territory of Narragansett Electric Company, a subsidiary of National Grid.

Nautilus Solar Energy, Veolia Develops Solar Power for Public Housing Authorities Nautilus Solar Energy, Veolia Develops Solar Power for Public Housing Authorities

Back to top button