Subscribe free to our newsletters via your
  Solar Energy News  

Subscribe free to our newsletters via your

Starwood Energy Acquires a Majority Stake in Nautilus Solar Energy

"The collaboration of Nautilus Solar, Starwood, and Lockheed represents a powerful combination of tested capabilities and experience." - Brad Nordholm.
by Staff Writers
Greenwich CT (SPX) Jan 20, 2009
Starwood Energy Group Global, LLC has announced an investment affiliate has acquired a majority interest in Nautilus Solar Energy LLC ("Nautilus Solar"), a leading solar power generation developer headquartered in Chatham, New Jersey, to help fund future growth of Nautilus Solar.

Specific terms of the transaction were not disclosed. However, the companies said Starwood Energy's investment will provide working capital and facilitate an expansion of Nautilus Solar's corporate infrastructure. The funding also includes a $50 million commitment for future Nautilus Solar projects.

Nautilus Solar develops, constructs, finances, owns and operates distributed generation and utility-scale solar electric systems. Created in 2006 by energy professionals Jim Rice, Laura Stern and Alan Dash, Nautilus Solar currently has seven completed solar retail projects in operation and four solar projects under construction in New Jersey and Connecticut.

As one of the fastest growing solar development companies in the United States, Nautilus Solar has a project pipeline of over 500 MWs of solar generating capacity over the next two years.

The investment significantly expands Starwood Energy's focus on the solar energy sector. In late 2007, Starwood Energy reached a teaming agreement with Lockheed Martin to pursue utility-scale solar generation projects in North America.

Nautilus Solar personnel have been and will continue to work closely with Starwood Energy on its solar generation projects with Lockheed Martin.

"We are excited to complete this majority investment in Nautilus Solar," said Brad Nordholm, CEO of Starwood Energy in Greenwich, Connecticut.

"Jim Rice, Alan Dash, and Laura Stern have, in a very short period of time, demonstrated significant leadership in building Nautilus into the company it is today, with a number of solar projects already completed and several more in advanced stages of development.

"We see Nautilus Solar as a foundational component of our solar growth strategy and look forward to expanding our footprint in the retail, wholesale, and utility-scale solar sectors in 2009."

"We are proud to have the opportunity to join the Starwood family and bring our capabilities to bear on Starwood Energy's goal of market leadership in solar," added Jim Rice, CEO of Nautilus Solar. "Starwood Energy has consistently been at the forefront of innovation in energy and power.

"Their leadership includes sponsoring undersea transmission lines and structuring financing during particularly tough market conditions; signing a teaming agreement with Lockheed Martin, the global technology and engineering firm; and pursuing utility-scale solar development opportunities across America. The collaboration of Nautilus Solar, Starwood, and Lockheed represents a powerful combination of tested capabilities and experience."

Related Links
- All About Solar Energy at

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Sunrise Solar To Provide Solar To Brazilian Hospitals
San Antonio TX (SPX) Jan 19, 2009
Sunrise Solar has announced that it has been selected to provide solar power resources to four major hospitals in Brazil.

  • Russian-led consortium revises bid for Turkey nuclear plant: minister
  • Bulgaria to re-open nuclear reactor, if Brussels agrees: PM
  • Thousands call for re-opening of Bulgarian nuclear reactors
  • New gas eases pressure on Slovakia to restart nuclear reactor

  • Clearer skies in Europe added to warming
  • Drought-hit Kenya declares 'national disaster'
  • Understanding The Sources Of Rising Carbon Dioxide
  • Transport ministers plot climate action in Japan

  • Swiss scientists develop faster test for melamine
  • Free-Range Chickens Are More Prone To Disease
  • Strategic Farming Practices Could Help Mitigate Global Warming
  • Kenya khat traders eye Chinese market

  • Australia lists world's largest sea turtle as endangered
  • Scientists Discover An Ancient Odor-Detecting Mechanism In Insects
  • Scripps Offers First Examples Of RNA That Replicates Itself Indefinitely
  • Spookfish Uses Mirrors For Eyes

  • Giant Rockets Could Revolutionize Astronomy
  • Battle Of The Launches All Over Again
  • NASA Tests Engine Technology For Landing Astronauts On The Moon
  • Flometrics Tests BioDiesel As Rocket Fuel

  • Nuclear Power In Space - Part 2
  • Outside View: Nuclear future in space
  • Nuclear Power In Space

  • Landmark Year Ahead For Earth Observation Science Missions
  • Satellite to keep eye on Ecuadoran turtle
  • Mapping In A One Meter Sea Level Rise
  • DMCii and DynAgra Help Farmers Control Costs And Boost Yields

  • Raytheon Sensor Passes Space Simulation Test
  • Next Generation Cloaking Device Demonstrated
  • Lockheed Martin Begins Key Test Of First SBIRS Geo Satellite With New Flight Software
  • Solving The Mysteries Of Metallic Glass

  • The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement