C2 Power Capital acquires California’s largest floating solar system

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C2 Energy Capital acquires California's largest floating solar system

C2 Energy Capital, a renewable energy and storage investor, has bought California’s largest floating solar project from Ciel & Terre, a company that designs and builds such systems.

“The acquisition of this advanced floating solar system diversifies and further strengthens our power generation portfolio,” said Candice Michalowicz, co-founder and managing partner of C2 Energy Capital. “C2 Energy Capital continues to lead the way in adopting novel photovoltaic technologies that reduce greenhouse gases and generate clean renewable energies.”

C2 Energy Capital Acquires California’s Largest Floating PV System.

The 1.78 MW system in Windsor, California uses Ciel & Terre’s patented Hydrelio technology to float a network of 4,959 high-performance solar panels on the surface of the city’s largest recycled water storage pond. The system covers 22% of the pond surface and can be expanded. The array is cooled by the water below and slows surface evaporation and algae growth without affecting the ecology of the pond.

“Working with a leading developer and asset owner like C2 Energy Capital helps optimize the financing of large projects,” says Eva Pauly-Bowles, CEO of Ciel & Terre. “This is especially important when implementing our floating PV systems, which are relatively new in the US compared to Asia and Europe.”

As part of the project, Windsor has signed a 25-year power purchase agreement that aims to demonstrate significant savings. The system generates approximately 90% of the energy required for water recovery and related operations, and reduces the facilities’ electricity costs by 30% compared to grid services.

“The city is proud and excited to bring clean renewable energy to Windsor’s water treatment plant. It corresponds to the energy efficiency targets of the city’s climate protection plan. This step will help protect our environment, improve public health and save the city in the millions, ”said Mayor Dominic Foppoli

Ken MacNab, Windsor City Manager, added, “We are well on our way to saving $ 5.4 million in electricity bills over the next 25 years. We are excited to have a customer-centric partner in C2 Energy Capital who is committed to strong relationships and long-term success. “

Message from C2 ENERGY CAPITAL

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