$45 Million
55.2
Revity Energy
Sustainability
In collaboration with new partner Revity Energy and NelNet, Inc., NT Solar facilitated a $45 million solar tax credit investment through its Climate Impact & Revitalization Fund. Completed in December 2023, the installation is currently the largest solar array in Rhode Island, generating nearly 70 gigawatt hours of renewable energy each year.
The Revity Energy project will provide power to corporate, municipal, university, and hospital offtakers, providing users with meaningful discounts as compared to conventional utility bills.
The 55.2-megawatt (MW) portfolio will generate an estimated 70 gigawatt-hours (GWh) over the life of the project, which is the equivalent to:
Taking 9,500 homes off the grid annually
Offset burning nearly 55 million pounds of coal
Sequestering same amount of carbon as over 58,000 acres of forest
Revity Energy develops, constructs, and operates renewable energy generation facilities for the benefit of community partners. Its customer-centric approach gives it an intimate understanding of the needs of the communities where it develops projects, allowing it to offer tailored, effective energy solutions.
Revity is committed to achieving the common goal of a carbon-free environment through its expertise in renewable energy development. Committed to sustainability and corporate social responsibility, their projects make economic sense for communities while leaving a positive impact. To learn more, visit: www.revityenergy.com/
We bring clear insight, deep experience, and strategic focus to every project, whether you're structuring complex capital or shaping long-term, legacy-driven development.
$23 Million
19.4
Kearsarge Energy
Sustainability
In partnership with Kearsarge Energy, a Boston-based developer with a focus on Community Solar initiatives, NT Solar financed over $23 million in solar tax credit investments for a portfolio of four installations located across Massachusetts, New Hampshire, and Rhode Island. This is NT Solar’s second investment with Kearsarge Energy and was made possible through NTCIC/NT Solar’s newly established Climate Impact and Revitalization Fund (CIRF).
The installations will include a variety of environmental and innovative aspects, including brownfield remediation, the utilization of land on a capped landfill, and the incorporation of battery storage for energy production. The off-takers include municipalities that will achieve savings on their conventional utility bills that may support a variety of community services. The installations will generate nearly 19.4 Megawatts (MW) of power.
The 19.4 MW installations will generate an estimated 920 gigawatt-hours (GWh) over the life of the project, which:
Generating electricity to take 7,800 homes off the grid for 25 years
Equivalent of burning nearly 720 million pounds of coal
Sequesters same amount of carbon as over 798,000 acres of forest
Offsets emissions from 73 million gallons of gas annually
Kearsarge Energy is a full-service renewable energy project development, finance and holding company, with a mission to build a more sustainable world and to provide superior returns to all project stakeholders, including the communities in which they work.
Founded in 2009, Kearsarge has developed and financed more than 60 MW and $180 million of solar PV projects and is rapidly growing its business in select markets across the U.S.
We bring clear insight, deep experience, and strategic focus to every project, whether you're structuring complex capital or shaping long-term, legacy-driven development.
$2 Million
3.3
$6.9 Million
Nautilus Solar
Sustainability
The Goat Island installation is 3.3 MW DC solar field located in Burrillville, Rhode Island developed by Nautilus, a nationally recognized solar developer in business for more than 10 years, with 125+ MW of solar installations in operation. The project will produce clean, renewable solar energy for residential customers across the state and is estimated to produce approximately 4,512,000 kWh during the first year of operation based on long term resource data and average precipitation for the region.
The 3.3 Megawatt (MW) portfolio will generate an estimated approximately 4,512,000 kWh over the first year of operation. Projected energy impacts include:
Generating electricity to take 550 homes off the grid for 25 years
Equivalent of burning nearly 3.4 million pounds of coal
Sequesters same amount of carbon as over 3,700 acres of forest
Offsets emissions from 360,000 gallons of gas annually
We bring clear insight, deep experience, and strategic focus to every project, whether you're structuring complex capital or shaping long-term, legacy-driven development.
