BlueWave Solar signed into a joint venture agreement with Laketricity for future projects in Massachusetts with intent to expand throughout the Northeast region. The agreement makes BlueWave Solar Laketricity’s first New England partner. With over 155 MW of solar projects developed to-date throughout the Northeast, this partnership with Laketricity also marks BlueWave Solar’s entrance into floatovoltaics.
Floating solar arrays, known as floatovoltaics, efficiently produce clean energy without causing harm to common greenfield land. Floatovoltaic projects are especially important in areas like Massachusetts, where building on man-made ponds and reservoirs solves land use problems with no disruption to the state’s terrestrial habitats while reducing energy costs and bringing clean energy to local businesses and residents.
“We are thrilled to work with the world’s leading floatovoltaics provider to bring floatovoltaics to New England,” said John DeVillars, Co-Founder and Chairman of BlueWave Solar. “BlueWave is pioneering dual-use agrivoltaics and setting high ecological standards for sustainable site development and management. Partnering with Laketricity represents another step in our efforts to partner with those who share our core environmental protection values.”
BlueWave Solar is an expert in dual-use solar development, or agrivoltaics, a project design model that allows agricultural production and solar to coexist on the same space. Laketricity’s innovation in floating solar rigs and technology paired with BlueWave Solar’s expertise provides unique options for the state of Massachusetts to further its clean energy goals.
“Partnering with BlueWave is a natural fit for Laketricity as we combine the respective strengths and experience of our teams to develop a sizeable portfolio of floating solar projects in New England,” said Alexis Gaveau, CEO of Ciel & Terre and President of Laketricity USA, Inc. “Our joint venture accelerates the deployment of smart solutions to positively integrate renewable energies in the local environment. We look forward to implementing these projects in partnership with such a local expert that shares our human & environmental values as well as growing the scope of our joint venture in the years ahead.”
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