Bridge Renewable Energy, a subsidiary of Bridge Investment Group Holdings Inc., Solaris Energy and WATTMORE, announced their successful closing and kick-off of 1.8 MW of solar and storage projects across multiple facilities in the Rincon Reserve in San Diego County, California. This deal marks the completion of nearly three years of planning, design, grant writing and financial modeling.
“We are very excited to move forward with this new project and are committed to providing renewable energy to our people, residents and businesses on our reserve. Together with our new partners, we are building an advanced solar and storage project to reduce our carbon emissions and lower our monthly energy costs,” said Rincon Tribe Chairman Bo Mazzetti.
“We are happy to have reached this milestone. The Tribe’s elected board, staff and advisors have been great partners thus far. The next step is to move dirt and begin construction on this exciting solar and storage project,” said Adam Haughton of Bridge Renewable Energy.
Solaris Energy and WATTMORE jointly developed this project using complementary skills to combine incentives from the IRA with state and federal grants, enabling maximization of economics and impact for both the tribe and investment partner Bridge Renewable Energy.
“We are proud to bring our passion for creative, impactful, tribal projects and decades of renewable energy financing and development expertise to help make this project a reality,” said Nick Perugini, CEO of Solaris Energy . “We are so grateful for the Tribe’s continued commitment and to our storage and financing partners, as well as Prosper Sustainability, Microgrid Initiatives, the Department of Energy and the California Energy Commission, all of whom have committed substantial resources and done exceptional work have done to get us to this point,” Perugini added.
News item from Solaris Energy
