Nautilus Solar Completes $5m Project Financing for William Paterson University Solar Power Project - Largest On-Campus Solar Energy Project in the US - Deal Analysis from GlobalData

Nautilus Solar Completes $5m Project Financing for William Paterson University Solar Power Project - Largest On-Campus Solar Energy Project in the US - Deal Analysis from GlobalData

Summary

Nautilus Solar Energy, LLC entered into a project finance deal of $5m, 10-year Clean Energy Solutions Capital Investment loan with New Jersey Economic Development Authority for the construction and operation of the first phase of William Paterson University (WPU) - Solar Park on the WPU campus in Wayne. The total project cost is estimated to be $15m and has a total installed capacity of 3.5 MW. The first 2.7 MW phase went on-line in June, 2010 and the remaining 0.8 MW is expected to go on-line in early 2011. The project, when complete, will be among the largest university solar installations in the US.

Scope

The scope of the report includes -

• The information related to the William Paterson University - Solar Park
• Grid-Connected Solar PV Market of the US
• Major reasons for William Paterson University to enter into the project

Reasons to buy

The Deal Report attempts to focus on the reason behind the project financing of the solar PV project. It will allow the reader to:

• Understand the position of New Jersey in the US solar PV market
• Major reason for William Paterson University to enter into the solar PV project