Nautilus Solar Energy (“Nautilus Solar”), a leading independent solar power producer, announces completion of a 1.36 MW solar photovoltaic system located in Lindenwold, New Jersey. The project is on the rooftop and parking lots of the Lindenwold High and Middle School as well as two elementary Schools in the district.
The power produced by the system will be sold to the Board of Education under a 15-year Power Purchase Agreement. The Solar Renewable Energy Credits (“SRECs”) will be purchased by Atlantic City Electric under a 10-year contract. This project is the first of a series of projects to be financed by Seminole Financial Services, LLC (“Seminole”). “We are pleased to partner with Seminole on this project and look forward to expanding the relationship beyond traditional project financing,” said Laura E. Stern, President of Nautilus Solar. “We are impressed with the leadership and vision of the whole Nautilus team.” said Chris Diaz, Executive Vice President for Seminole. “The Nautilus team made the whole process of providing construction and permanent financing to the Lindenwold project a good experience. We look forward to expanding our partnership on additional projects in their pipeline in the very near future.”.
For more information about Seminole Financial and renewable energy financing, please contact Chris Diaz, Senior Vice President for Seminole Financial Services at (727) 460-0578 or firstname.lastname@example.org.
Based in Belleair Bluffs, Florida, SFS is the operating entity of six companies that collectively make up the Seminole Companies. SFS is responsible for originating, underwriting, servicing and providing asset management for the debt and equity investments originated for institutional investors managed by sister company, Seminole Advisory Services, LLC (SAS). SAS is a registered investment advisor with the SEC and presently has several hundred million dollars in assets under management. Information is available at www.SeminoleFinancialServices.com
Founded in 2006, Nautilus Solar is a leading independent solar power producer headquartered in Summit, New Jersey. Nautilus Solar develops, constructs, finances, owns and operates distributed generation and utility-scale solar electric systems. The company sells its generated electricity through long-term power purchase agreements and has projects in NJ, CT, MD, CA, FL and Canada, with approximately 89 MW owned and managed. Nautilus Solar is majority-owned by an investment affiliate of Starwood Energy Group Global, LLC, based in Greenwich, Connecticut.
For more information, please contact David Munsky at (908) 795-3038 or visit our website at www.nautilussolar.com