Cadiz’s Mojave Groundwater Bank Could Be the Southwest’s Boldest Climate Solution
California has never been a stranger to drought. But the kind of water stress we’re seeing today—prolonged dry spells punctuated by devastating floods and snowpacks that vanish before summer—is testing the limits of our aging infrastructure and historical assumptions about who gets water, and who doesn’t.
Cadiz Signs Letter of Agreement with a Lead Investor for an Investment of up to $175 Million in Mojave Groundwater Bank Project
Under the terms of the LOA, the investor, a publicly traded company focused on investing in water infrastructure projects, will act as lead investor (the “Lead Investor”) in the newly formed MGSC, and will invest up to $175 million in the MGSC.