Bridge Renewable Energy, a subsidiary of Bridge Investment Group Holdings Inc. (NYSE: BRDG), along with Solaris Energy and WATTMORE, has announced the launch of a 1.8 MW solar and energy storage project on the Rincon Reservation in San Diego County, CA. This significant development follows nearly three years of meticulous planning, designing, grant writing, and financial modeling.
Collaborative Efforts for Renewable Energy
Chairman Bo Mazzetti of the Rincon Tribe expressed enthusiasm for the project, stating, “We are committed to providing renewable energy to our people, residents, and businesses on our reservation. This cutting-edge solar + storage project will lower our carbon output and decrease our monthly energy costs.”
Adam Haughton of Bridge Renewable Energy echoed this sentiment, highlighting the project’s value: “This milestone demonstrates the exceptional benefits that solar and energy storage projects can bring to reservations and communities. We extend our appreciation to all involved parties and look forward to the project’s full operation.”
Strategic Partnerships and Financial Support
Solaris Energy and WATTMORE co-developed the project, leveraging the new federal Inflation Recovery Act signed into law in 2022, along with state and federal grants. This strategic approach maximizes the economic and environmental impact for both the Tribe and Bridge Renewable Energy.
Nick Perugini, CEO of Solaris Energy, remarked, “We bring decades of renewable energy financing and development expertise to this project. We’re grateful for the Tribe’s commitment and for our partners in storage and financing, including Prosper Sustainability, Microgrid Initiatives, the Department of Energy, and the California Energy Commission.”
WATTMORE’s CEO, Jonathan W. Postal (JW), emphasized the importance of combining technologies: “Energy storage paired with solar is key to our clean energy future. This project exemplifies perseverance and commitment to reducing carbon and saving costs.”
About the Rincon Band of Luiseño Indians
The Rincon Band of Luiseño Indians is a sovereign government recognized by the United States. The Tribe owns Harrah’s Resort Southern California and uses profits to fund government services, including tribal security, environmental enforcement, healthcare, culture programs, and a tribal court. Rincon’s enterprises significantly contribute to the San Diego County economy through job creation, tax generation, local purchases, and charitable donations.
About Solaris Energy
Solaris Energy, an employee-owned Colorado Public Benefit Cooperative and Certified B Corporation, provides commercial solar development, finance, and asset management services. The company aims to accelerate the deployment of distributed solar energy systems and storage solutions, offering low-cost financing to non-residential customers. Since 2008, Solaris Energy has built a strong track record of proven, cost-effective renewable energy solutions across various sectors.
Solar Energy Market Trends and Future Implications
This project highlights the growing trends in the solar energy market and the importance of energy storage solutions. By integrating lithium batteries and advanced solar technology, this initiative supports green energy policies and sustainable developments. The partnership between Bridge Renewable Energy, Solaris Energy, and WATTMORE sets a precedent for future solar energy investments and developments.
In conclusion, the 1.8 MW solar + storage project on the Rincon Reservation represents a significant step forward in the solar energy market. This initiative showcases the potential of renewable energy projects to drive economic and environmental benefits, aligning with broader energy market trends and green energy policies.
Source：businesswire.com
