C2 Energy Capital Diversifies Portfolio with Acquisition of California's Largest Floating Solar Project

Nov 30, 2020 03:39 PM ET
  • C2 Energy Capital LLC, a rapidly growing investor in renewable resource as well as storage properties, has actually acquired California's largest floating solar project from Ciel & Terre ®, one of the leading firms creating and constructing such systems.
C2 Energy Capital Diversifies Portfolio with Acquisition of California's Largest Floating Solar Project
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" The acquisition of this advanced floating solar system further diversifies and reinforces our power-generation profile," stated Candice Michalowicz, co-founder as well as handling companion of C2 Energy Capital. "C2 Energy Capital remains to lead by embracing unique photovoltaic or pv innovations that decrease greenhouse gasses and produce tidy renewable energy."

Found in Windsor, California, the 1.78-megawatt system makes use of Ciel & Terre's trademarked Hydrelio ® technology to float a grid of 4,959 high-performance solar components externally of the Town of Windsor's largest recycled water storage space pond. The system covers 22% of the pond's surface and can be conveniently broadened. Cooled down by the hidden water, the variety assists slow surface area dissipation and algae growth without impact on the fish pond's ecology.

As part of the project, the Town of Windsor has signed a 25-year power acquisition contract that will show significant financial savings. The system generates around 90% of the energy required for water recovery as well as connected operations and also will lower the facilities' electrical energy costs by 30% compared to grid solutions.

" The Town is proud and ecstatic to have tidy renewable energy power Windsor's water treatment plant. It aligns with the Town's Climate Action Plan energy performance objectives. This move assists to shield our atmosphere, enhance public health, and also conserve the Town millions of bucks."-- Windsor Mayor Dominic Foppoli

" We're on track to save $5.4 million in electrical expenses over the next 25 years," claimed Ken MacNab, Windsor Town Manager. "We're delighted to have a customer-focused companion in C2 Energy Capital-- committed to strong partnerships as well as long-lasting success."

" Collaborating with a leading developer and asset owner like C2 Energy Capital assists to improve funding on huge projects," claims Eva Pauly-Bowles, Ciel & Terre managing supervisor. "It's especially vital when executing our floating PV systems that are fairly new in the U.S. contrasted to Asia as well as Europe."

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