Cypress Creek Renewables establishing solar power operations in Darlington County
October 15, 2015
Company investing more than $10 million in solar project
DARLINGTON, SC – Cypress Creek Renewables, a company that specializes in the ownership and development of long-term solar energy projects, has taken first steps toward investing $10 million in a solar energy project in Darlington County. This investment adds to a $20.4 million investment in Lexington County solar operations, which was announced in August 2015.
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.
We are thrilled with this opportunity to bring a stable, clean source of energy to Darlington County. Cypress is making the investment in this project because we believe in the value of our partnership with this community,” said Cypress Creek Renewables CEO Matthew McGovern.
The Darlington County solar facility will be located off of Gilchrist Road and will produce 10 megawatts of energy at full capacity. Ten megawatts of solar energy is enough to provide inexpensive, secure, clean energy to approximately 2,000 South Carolina homes.
“Cypress Creek Renewables’ investment in solar power in Darlington County is consistent with our commitment to environmentally clean growth. Positive economic opportunity, sustainable energy and a clean environment is a winning combination,” said Darlington County Economic Development Partnership Executive Director Frank Willis.
FIVE FAST FACTS
- Cypress Creek Renewables is establishing solar power operations in Darlington County
- 40-60 jobs created during construction
- $10 million investment in Darlington County operations
- The company currently manages a development pipeline of more than 200 projects
- Cypress Creek’s Darlington 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.
