Nautilus Solar Energy Gets $39 Million For Projects In Ontario – Bloomberg

and included in Ontarios feed-in tariff program , which guarantees above-market rates for selling energy produced from clean sources. The power projects also are backed by several community cooperatives. Nautilus may use the model to arrange financing for additional industrial- and commercial-scale projects, Chief Executive Officer Jim Rice said today in an interview. Everybodys hope would be that now that weve built this structure, we could go up from 8 megawatts to, say, 20 megawatts, he said. Its being driven by this tariff program. Community investors include Green Energy Co-operative of Ontario Inc.
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