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BlueWave Solar Signs JV Agreement for Future Floatovoltaics Projects in Massachusetts

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BlueWave Solar, a leading Northeast-based solar and energy storage developer, announced it signed into agreement a joint venture with Laketricity, a company from Ciel & Terre, a pioneer in the floatovoltaics industry, 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 megawatts (MW) of solar projects developed to-date throughout the Northeast, this partnership with Laketricity also marks BlueWave Solar's entrance into the floatovoltaics space.
BlueWave Solar Signs JV Agreement for Future Floatovoltaics Projects in Massachusetts

Floatovoltaics, or floating solar arrays, address a global need to produce clean energy in efficient ways that also save common greenfield land. The future projects are especially important in areas like Massachusetts, where building on man-made ponds and reservoirs solves land use problems and ensures 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. This expertise, coupled with Laketricity's innovation in floating solar rigs and technology, will bring unique solutions 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."

Ciel & Terre has installed over 230 floatovoltaic projects globally, and 21 projects specifically in the U.S. with over 162 megawatts-peak (MWp) power. The future projects to come of the partnership, beginning in Massachusetts with intent to expand throughout the region, seek to position BlueWave Solar and Laketricity as floatovoltaic leaders in the Northeast while contributing to clean energy goals and maintaining valuable land in the areas they will operate in.

Tags: Solar
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