CalCom Energy creates USD-100m agro solar-plus-storage fund
Solar modules. Featured Image: Jackiso/Shutterstock.com
September 30 (Renewables Now) - California-based solar developer CalCom Energy has launched the USD-100-million (EUR 91.5m) Agriculture Energy Infrastructure Fund in partnership with Symbiont Energy and Live Oak Bank.
The purpose of the new fund is to develop, build and own on-site solar parks and energy storage systems to serve farming communities in California through power purchase agreements (PPAs). The investments will be made over the next 24 months, the press release says.
According to David Williams, CalCom’s chief commercial officer, this is CalCom’s first foray into owning the systems it develops.
Founded in 2012, CalCom has since developed over 200 MW of clean energy projects, mostly solar installations for farms and water districts.