Feb 3 2014
Sparq, Inc. (Sparq), Nautilus Solar Energy, LLC ("Nautilus Solar") and The City of Lordsburg, New Mexico announced today an agreement to supply solar energy to the City of the Lordsburg. The 1.5 MW solar energy project ("Project") will comprise of rooftop and ground mount solar installations for behind-the-meter applications at the city's waste water treatment plant, well pumping station, fluoride plant, city hall and fire station. The systems are expected to go on-line late in the summer of 2014.
"Working with SPARQ as the developer and Nautilus Solar as the owner/operator is an incredibly beneficial partnership for the City of Lordsburg. With no upfront investment required, it made sense for us from a financial and environmental standpoint considering the reduction in our energy costs that the project provided. All around, this project will improve the quality of life in our community," said City of Lordsburg Mayor Frank Rodriguez.
The solar power system is expected to reduce The City of Lordsburg's energy costs by $3.6 million over the 20-year term.
"We applaud the Mayor and the City Council of Lordsburg for their vision and commitment to the solar project which will provide long term environmental and economic benefits to its citizens," said Nautilus CEO Jim Rice.
"The project will improve the air quality in The City of Lordsburg, while creating green construction jobs in the region. We are committed to developing similar projects in the rural areas of Arizona and New Mexico," said Don Rodriguez, CEO of Sparq, Inc.
About Nautilus Solar Energy
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 93 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, visit our website at: Nautilus Solar Energy, LLC
About Sparq, Inc.
Sparq is a leading renewable energy developer for commercial, utilities, government and municipalities. Based in Rio Rancho, New Mexico the company focuses on Arizona and New Mexico distributed-scale projects that are interconnected to existing distribution networks in areas of remote energy availability and high demand.
For more information, visit our website at: http://www.poweredbysparq.com/
Source: Nautilus Solar Energy, LLC