October19 , 2021

    BlueWave Solar signs JV with Laketricity to develop floating solar projects

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    Boston, USA: BlueWave Solar has formed a joint venture with Laketricity, a unit of France-based Ciel & Terre, to develop floating solar photovoltaic, or “floatovoltaics,” projects in Massachusetts with intent to expand throughout the Northeast. The agreement makes BlueWave Solar Laketricity’s first New England partner.

    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. With over 155 MW of solar projects developed to-date throughout the Northeast, this partnership with Laketricity also marks BlueWave Solar’s entrance into the floatovoltaics space. Ciel & Terre has installed over 230 floatovoltaic projects globally, and 21 projects in the US representing more than 162 MW of power.

    BlueWave said that water-based projects are important in places like Massachusetts, where building on man-made ponds and reservoirs address land use problems and “ensures no disruption to the state’s terrestrial habitats.” The company’s 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.

    Floatovoltaics, or floating solar arrays, address a global need to produce clean energy in efficient ways that also save common greenfield land. Floating solar arrays can be deployed as an alternative to land-based solar farms in areas where land is in short supply or in dry places where it can be installed at man-made reservoirs to help mitigate evaporation.

    “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.”

    “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, ” he added  Way back in 2018, the National Renewable Energy Laboratory had said that installing floating solar photovoltaics on the more than 24,000 man-made U.S. reservoirs could generate about 10% of the nation’s annual electricity production.

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