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to-the-point: Innova Capital, C&T to jointly develop floating PV in Colombia

Guangdong East Power's floating solar farm in Hebei. Source: http://www.eastups.com/. All Rights Reserved.

Sep 26 (Renewables Now) - Investment firm Innova Capital Partners LLC has entered into an agreement with Ciel & Terre (C&T) to jointly develop floating solar power projects throughout the Republic of Colombia.

Innova Solar Colombia (ISC) will serve as local developer and investor, whilst C&T will be supplying its floating photovoltaic (PV) technology for the projects, the companies said in a statement on Monday.

The two parties believe that Colombia has a large number of reservoirs with the needed infrastructure to develop floating solar arrays. They did not provide details about specific projects.

C&T is the developer of the patented and industrialised water-based PV concept HYDRELIO. It involves the installation of PV modules on inland and artificial water bodies.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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