calcom solar

Image via CalCom Solar

published on October 8, 2019 - 12:02 PM
Written by The Business Journal Staff

CalCom Energy in Fresno announced it has launched a $100 million fund to help build solar and energy storage projects to benefit California farming communities.

The so-called Energy Infrastructure Fund, developed in partnership with Symbiont Energy near San Diego and North Carolina-based Live Oak Bank, is aimed toward farmers and farm communities impacted by the recent California wildfires, lack of energy grid resiliency and increasing energy and water costs, according to a news release.

It will give customers a chance to enter clean energy power purchase agreements to lower costs, with a potential savings of $250 million over the next two years, according to CalCom.

“The Ag Energy Infrastructure Fund will also allow the company to expand our current project development work — and, for the first time, own the projects we’re developing,” said David Williams, chief commercial officer for CalCom Energy, in a statement. “Our specialty at CalCom now spans from origination and development through financing, execution and asset management of distributed solar and storage projects.”

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