Published: 19-Jul-2010

Nautilus Solar Energy, an independent solar power producer, has expanded its operations in Ontario, Canada, with the formation of Nautilus Solar Canada that has an initial portfolio of 2.75MW AC of rooftop projects under contract from the Ontario Power Authority (OPA).

Nautilus Solar is also partnering with Bright Power, an Ontario-based solar developer, to develop and finance 10MW of rooftop solar projects in Ontario in 2010.

The company hopes to leverage the managerial skill of Bright Power, which has operated multi-national alternative energy business units and has developed power and alternative energy projects with several utility organizations in the world, to establish a strong foothold in the Ontario solar market.

James Rice, CEO of Nautilus Solar, said: "Nautilus Solar is very excited about the opportunity to enter into the Canadian solar market. Ontario's rooftop solar market is poised to grow rapidly in the coming years under the Feed-In-Tariff (FIT) program.

"Nautilus Solar looks forward to greatly expanding our current rooftop activity in Canada, working closely with local communities to create green jobs, reducing electrical power generation's carbon footprint in Ontario, and providing local real-estate property owners with cash flow from property leases."