Nautilus Solar Energy and Veolia North America Bring Their Combined Expertise to Develop Solar Power to Benefit Thousands of Public Housing Residents
13 Octubre 2021 - 8:00AM
Business Wire
Companies will support housing authorities
in Rhode Island developing three new solar projects across the
state
Two New England leaders in the development of sustainable energy
solutions -- Nautilus Solar Energy (Nautilus) and Veolia North
America (VNA) -- are joining forces to support members of the
Public Housing Association of Rhode Island (PHARI) in a visionary
project which will provide guaranteed energy savings to area
Housing Authorities and bring electricity to thousands of
low-income residents across the state from safe, clean, renewable
solar projects.
The ambitious effort, one of the first in the nation to
aggregate multiple public housing authorities under a single
renewable energy contract, will entail the construction of three
solar panel fields covering more than 55 acres in all. The panels
will provide power to nine separate housing authorities in Rhode
Island. Located primarily in the towns of Exeter and Smithfield,
the fields will provide over 20 million kilowatt hours of
electricity to housing authorities in Providence, North Providence,
Newport, Cranston, Smithfield, Warwick, Warren, Bristol and
Lincoln. The agreements will provide guaranteed savings against
prevailing electricity supply rates, which will lower the operating
budgets of the housing authorities in a region with some of the
highest energy costs in the nation.
The project is expected to lead to approximately $30 million in
energy cost savings over the next 20 years.
“We’re proud to bring our experience partnering with PHARI to
support innovations that provide clean renewable energy for
everyone in Rhode Island, and on a broader scale, the ecological
transformation that needs to happen everywhere,” said Mike
Byrnes, Veolia North America senior vice president and chief
executive officer of SourceOne, VNA’s energy consulting
company. SourceOne has been an energy advisor to PHARI for over
10 years, providing energy procurement and risk management services
to all of its member organizations.
“This partnership is significant as it epitomizes Nautilus’s
pledge to provide equitable, affordable access to community solar
for all Rhode Islanders,” said Jim Rice, co-Founder and co-CEO
of Nautilus. “We were proud to work alongside Veolia North
America and PHARI members on these important and ground-breaking
projects,” added Jason Su, structuring associate at
Nautilus. “This was the first remote net-metering project in
which a group of individual housing authorities worked together to
leverage their buying power. As a result, hundreds of public
housing residents will benefit from these clean affordable solar
projects.”
With Veolia North America advising PHARI, Nautilus was selected
by the Board of Commissioners at each of the nine housing
authorities to be the sole developer for community solar projects,
from start to finish. Veolia North America through SourceOne
supported PHARI throughout the process, providing expertise on the
scope and technical solutions to optimize sustainability and cost
efficiency.
“Every housing authority in Rhode Island is working to provide
the highest quality affordable housing possible with limited
budgets,” observed Robert Coupe, PHARI co-president and
executive director of the Cranston Housing Authority. “Our
partnership with Veolia North America/SourceOne and Nautilus will
dramatically reduce utility costs for many years to come, freeing
valuable resources to invest in property maintenance, facility
improvements and operational support. By supporting the growth of
renewable energy projects, we will improve the quality of life for
future generations while enhancing our ability to serve current
residents,” concluded Coupe.
As the long-term owner of the portfolio, Nautilus will be
responsible for overseeing construction, ongoing management and
maintaining long-term performance for the life of the projects,
estimated at 25 to 30 years. The energy generated from the projects
will be fed into the electric utility territory of The Narragansett
Electric Company (NEC), a subsidiary of National Grid. The projects
are in the early stages of development and expected to start
construction in the first half of 2022.
About Nautilus Solar Energy, LLC: Nautilus Solar Energy,
LLC is a leading owner-operator of solar projects serving the
community solar market and corporate customers throughout the
United States. A pioneer in solar energy since 2006, Nautilus is
committed to creating a clean, sustainable future by offering an
equitable and affordable renewable energy choice. Through its
Community Solar initiative, Nautilus is making solar energy
available to a broader marketplace, including low to middle income
(LMI) households and unrated businesses that wish to reduce their
carbon footprint and utility bills.
Nautilus is wholly owned by Power Sustainable, a global
multi-platform alternative asset manager with a long-term
investment approach focused on sustainable strategies. Nautilus
owns solar projects throughout their entire lifecycle enabling
Nautilus, along with entrusted local partners, to fulfill its
promise of creating a better world by powering communities with
clean energy for the long term.
For more information on Nautilus Solar Energy visit
https://nautilussolar.com/.
About Veolia: The Veolia Group's ambition is to be the
benchmark company for the ecological transition. With operations on
every continent and almost 179,000 employees, the Group designs and
distributes useful, concrete solutions for the management of water,
waste, and energy, which help bring about radical change. Through
its three complementary activities, Veolia is growing access to
resources, preserving the resources available, and renewing them.
In 2020, the Veolia Group provided 95 million people with drinking
water and 62 million with sanitation; it generated almost 43
million megawatt hours and recycled 47 million tons of waste.
Veolia Environnement (Paris Euronext: VIE) posted consolidated
sales of €26.010 billion in 2020. www.veolia.com
About Veolia North America: A subsidiary of Veolia group,
Veolia North America (VNA) offers a full spectrum of water, waste
and energy management services, including water and wastewater
treatment, commercial and hazardous waste collection and disposal,
energy consulting and resource recovery. VNA helps commercial,
industrial, healthcare, higher education and municipality customers
throughout North America. Headquartered in Boston, Mass., Veolia
North America has more than 7,000 employees working at more than
250 locations across the continent. www.veolianorthamerica.com
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version on businesswire.com: https://www.businesswire.com/news/home/20211013005676/en/
Matt Burgard Veolia North America (203)
859-4168 Matthew.Burgard@Veolia.com
Carlene Pruitt Nautilus Solar (908)
795-3041 Carlene@NautilusSolar.com
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