Cypress Creek Renewables establishing solar power operations in Dillon County
December 7, 2015
Company Investing More Than $10 Million In Solar Project
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 Dillon 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 for a facility in Dillon County, which is expected to be fully operational by the end of 2016.
“Cypress Creek is thrilled to be making an important investment in the local economy of Dillon County by generating clean energy that will help lead South Carolina and our country toward energy independence,” said CEO Matthew McGovern. “We greatly appreciate the cooperation of our partnering utilities and the local leaders who helped make this project possible,” said Cypress Creek Renewables CEO Matthew McGovern.
The Dillon County solar facility will be located off of Wix Road in Dillon, S.C. 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.
“We’re excited to see Cypress Creek continue to invest in our state and our people. We have worked extremely hard to build a business environment in South Carolina that is open to all kinds of companies, and we look forward to seeing both Cypress Creek and the renewable energy industry grow here in the future,” said Gov. Nikki Haley.
FIVE FAST FACTS
- Cypress Creek Renewables is establishing solar power operations in Dillon County.
- 40-60 jobs created during construction.
- $10 million investment in Dillon County operations.
- The company currently manages a development pipeline of more than 200 projects.
- Cypress Creek’s Dillon 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. ~
