A new Denver community solar partnership will be at the head of an expansion within the metro and southern Colorado areas. Nautilus Solar of Summit, NJ and locally-owned Pivot Energy will combine resources to build an installation expected to power upwards of 2,600 homes. The finished product will produce 13-megawatts of community solar that will serve residents and businesses in Black Hills and Xcel Energy, Inc.’s territories.
The community solar partnership will result in 13 1-megawatt facilities built across Logan, Weld, and Crowley counties. According to initial plans, the first installation is expected to start production in Q1 of 2021. The remaining 12 will be in service by the close of next year.
Nautilus’ role is primarily a financial one. It is a subsidiary of Power Energy Corp., a Canadian holding company that focuses on investing in renewable energy developments. At the time of the partnership, Nautilus had a stake in more than $1 billion in solar generation. That’s stretched across 11 states and 261 projects. Nautilus Solar president, Jeffrey Cheng, confirmed that this expansion would be the company’s first projects in Colorado.
According to Pivot Energy CEO, Tom Hunt, the partnership with Nautilus is a step forward in increasing Colorado’s community solar presence. By working with the holding company, Pivot Energy is working toward decentralizing Colorado’s power grid and reducing the state’s carbon footprint. Hunt also states that the partnership is taking part in the largest community solar expansion not funded by a state utility.
Upon completion of each installation, Nautilus will own and operate them while Pivot will handle subscriptions for the community solar aspect. Pivot will also be in charge of bill management and ensuring that all subscribers receive the monthly utility credit they are owed. Of the 13 megawatts, 11 will be allocated for Xcel Energy customers, which serves 1.5 million customers. The remaining two will be filtered out to Black Hills subscribers.