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As Maine’s solar-power industry enjoys a new jolt of investment, eight planned community solar facilities across the state have been sold to a New Jersey company.
Nautilus Solar Energy LLC has acquired the projects, totaling 47.2 megawatts in projected capacity, from ISM Solar Development LLC for an undisclosed price, according to a news release Thursday.
The solar developments are in Cumberland, Knox, Oxford and York counties, but specific locations were not immediately available.
Nautilus expects to break ground on the projects in the third quarter of this year. Nautilus said that when completed, the solar arrays will be able to power almost 10,000 households within the territory of Central Maine Power Co., the state’s largest electric utility.