Nautilus Solar, a community solar specialist, grew its Maine portfolio by over 78 MW in 2024 and now has over 13,000 subscribers in the state.
Forty-three small businesses will receive credits for the 22.7 MW dc generated from the projects.
TPG acquired the business through its Rise Climate investment platform. Upon approval, the company will transition from a publicly-traded business to a privately-held one.
Also on the rise: Fair Access to Community Solar Act introduced in Washington State. Startup unveils polymer battery electrolytes that eliminate thermal runaway. And more.
A recent study by the University of Washington found expanding community solar access in Washington State could deliver substantial economic benefits, including nearly $2 billion in economic output and thousands of new jobs.
More than 30 Wendy’s and McDonald’s franchise locations in Illinois are estimated to save an annual $20,000 in electrical costs by subscribing to community solar, the savings of which will increase as more community solar projects come online.
The N.C. Clean Energy Technology Center 2024 annual review and Q4 edition of The 50 States of Solar finds that most states took some distributed solar policy action during 2024, with most related to net metering policies, residential fixed charge increases and community solar.
The modules will be made in Silfab Solar’s upcoming facility in South Carolina.
Analysis from the Washington Urban Infrastructure Lab finds that a community solar program similar to New York or Minnesota could create thousands of jobs and over a billion dollars in economic impact.
The $49.5 million sale will include four community solar projects that total 25.58 MW.
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