NARENCO constructing new solar projects in Orangeburg County
January 5, 2017
ORANGEBURG COUNTY, SC – NARENCO (National Renewable Energy Corporation) will be constructing two new utility-scale solar farms in Orangeburg County. The projects are expected to bring $89.1 million in new capital investment.
Established in 2009 and headquartered in Charlotte, N.C., NARENCO has matured into one of the largest solar developers in North America and was ranked No. 6 in Solar Power World’s list of the nation’s Top Solar Developers in 2015. The firm has more than 65 solar facilities in various stages of development across the Southeast, with an additional 125 megawatts under long-term operations and maintenance contracts.
Expected to be operational by the fourth quarter of 2018, the Orangeburg County facilities, the first located at 238 Juniper Street in Neeses, S.C. and the second on Capital Way in Springfield, S.C., will produce renewable solar energy from photovoltaic panels currently sized at more than 80 megawatts AC (alternating current). One megawatt AC of solar energy is enough to provide clean energy to approximately 200 South Carolina homes.
“Once constructed, NARENCO’s solar facilities will provide significant discretionary tax income to the local community and will deliver clean, cost-competitive, on-peak power to South Carolina ratepayers,” said NARENCO President of Development Jesse Montgomery.
FIVE FAST FACTS
- National Renewable Energy Corporation (NARENCO) is establishing two new utility-scale solar farms in Orangeburg County.
- The company is investing $89.1 million in the project.
- Established in 2009, NARENCO is headquartered in Charlotte, N.C.
- The two new Orangeburg County facilities will be located at 238 Juniper Street in Neeses, S.C. and on Capital Way in Springfield, S.C.
- Expected to be operational by the fourth quarter of 2018, the facilities will produce renewable solar energy from 80-megawatt AC (alternating current) photovoltaic panels.
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