Nautilus Solar Energy has partnered with a fund associated with Churchill Stateside Group for the long-term financing of a 9.544-megawatt community solar installation in Rhode Island.
Known as the Hopkins Hill project, the fully subscribed solar installation came online on Nov. 25 and will provide energy to more than 1,780 residential subscribers located in National Grid's service territory.
The transaction marks the first tax equity transaction between Nautilus and Churchill.
“Churchill is pleased to partner with Nautilus and grow community solar in Rhode Island,” said Devin Sanderson, COO and executive vice president of Churchill Stateside Group. “As the renewable energy markets continue to evolve, it is increasingly important for Churchill to partner with quality owner-operators, like Nautilus, for the benefit of our growing investor base.”
Nautilus is the leading owner and operator of community solar projects in Rhode Island, with two operatio
