SC Power Team commits $30 million to create market-ready sites
February 15, 2017
In 2014, the SC Power Team Board of Trustees adopted a five-year strategic blueprint which included a commitment of $30 million to create market-ready sites through a partnership with the electric cooperatives and communities we serve. SC Power Sites are sites that have received significant investment through the SC Power Team Site Readiness Fund (SRF) to create winning sites that are competitive and truly market-ready.
Through combined commitments between Santee Cooper, the electric cooperatives, and community partners, an investment of more than $100 million dollars will be used to advance sites. The SRF has committed $23 million into select sites since 2014, and leveraged a combined investment of $121.68 million to projects throughout South Carolina.
Highly reliable and affordable electricity is provided to the SC Power Sites by the electric cooperatives system, offering incentive rates for industrial customers and serving as a strong utility partner. Users can now easily review the details of each SC Power Site on SCPowerTeam.com.
The website update includes SC Power Sites, plus Featured Sites of properties throughout the electric cooperative service territory. These market-ready sites within our power system are ideal for business and industry location. These featured properties now have a designated space on our website, making your location exploration and decision that much easier.
Fast Facts about South Carolina Power Team
- Helped bring over $13.8 billion in announced capital investment and over 73,000 new jobs since 1988
- Committing $30 million over a five-year period, matched by local funds to create market-ready sites and buildings across South Carolina
- Largest power producer in South Carolina, serving two-thirds of the state
- Partners consist of Santee Cooper, Central Electric Power Cooperative and the 20 electric cooperatives
About SC Power Team
South Carolina Power Team is a full-service, non-profit economic development organization representing the state-owned, electric and water utility, Santee Cooper and South Carolina’s 20 consumer-owned electric cooperatives. The mission of the SC Power Team is to facilitate the growth of jobs, investment and electric load through the attraction of new industrial and commercial activity, as well as, the expansion and retention of existing businesses and facilities in the service areas of its partners. Visit www.scpowerteam.com for more news and project information. Follow South Carolina Power Team on Twitter @SCPowerTeam
