Cypress Creek Renewables establishing solar power operations in Saluda County
January 12, 2016
Company Investing More Than $12 Million In Solar Projects
Cypress Creek Renewables, a company that specializes in the ownership and development of long-term solar energy projects, has taken first steps toward investing $12 million in solar energy projects in Saluda County.
With offices in Arizona, Missouri, New York and North Carolina, as well as Los Angeles and San Francisco, Calif., Cypress Creek Renewables strives to make solar power economically attractive to utilities and consumers. Primarily focused on two to 10 megawatt utility scale projects, Cypress is working with regulators, utilities and business development groups throughout the United States to build more than one gigawatt of new solar projects between now and the end of 2016.
The company is working in partnership with Southern Current, which is the newly-merged entity comprised of long time development partners Sustainable Energy Solutions and Solbridge Energy. Southern Current oversees local development activities including site identification and acquisition, obtaining necessary permits and coordinating with the utilities amongst other due diligence activities. Together, they have received economic development approvals to build two facilities in Saluda County.
“Local solar projects help to grow the economy by providing clean, renewable energy for homes and businesses. Working in partnership with our utility partners, local leaders, and the state of South Carolina, gives us the opportunity to help build an energy-independent future, ” said Cypress Creek Renewables CEO Matthew McGovern.
The projects, a nine-megawatt facility located off of S.C. Highway 121 in Saluda and a four-megawatt facility located off of Columbia Highway in Saluda, are expected to be fully operational by the end of 2016. One megawatt of solar energy is enough to provide inexpensive, secure, clean energy to approximately 200 South Carolina homes.
“Team South Carolina’s approach to providing a business-friendly environment for all types of companies continues to pay off, and Cypress Creek’s investment in Saluda County is a testament to that. We look forward to seeing the impact that the renewable energy industry will have in Saluda, and across the state,” said Gov. Nikki Haley.
FIVE FAST FACTS
- Cypress Creek Renewables is establishing solar power operations in Saluda County
- 40-60 jobs created during construction
- $12 million investment in two Saluda County facilities
- 14 megawatts can power about 2,800 homes per year
- Cypress Creek’s Saluda County operations are expected to be fully operational by the end of 2016.
About Cypress Creek Renewables:
Cypress Creek Renewables is pursuing opportunities across the United States. Our business model is primarily focused on utility-scale ground mount projects from 2-10MW AC in capacity. Cypress brings extensive development experience and very aggressive financing to create new opportunities in emerging solar markets. Our goal is to make solar an economically attractive option without additional state incentives. For more information, visit www.cypresscreekrenewables.com.
