C2 Vitality Capital acquires California Floating Photo voltaic Venture
C2 Energy Capital LLC, a renewable energy and storage investor, has acquired California's largest floating solar project from Ciel & Terre, a company specializing in photovoltaic integration
"The acquisition of this advanced floating solar system diversifies and further strengthens our power generation portfolio," says Candice Michalowicz, co-founder and managing partner of C2 Energy Capital. "C2 Energy Capital continues to use novel photovoltaic technologies that reduce greenhouse gases and generate clean renewable energies."
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 Windsor's largest recycled water storage pond. The system covers 22% of the pond surface and can be easily expanded. The array is cooled by the water below, slowing surface evaporation and algae growth without harming the pond's ecology.
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.