Company investing more than $8 million in solar project
COLUMBIA, S.C. - Cypress Creek Renewables, a company that specializes in the ownership and development of long-term solar energy projects, has taken first steps toward investing $8 million in a solar energy project in Allendale 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 Allendale County, which is expected to be fully operational by the end of 2016.
The Allendale County solar facility will be located off of Highway 301 in Allendale, S.C. and will produce eight megawatts of energy at full capacity. Eight megawatts of solar energy is enough to provide inexpensive, secure, clean energy to approximately 1,600 South Carolina homes.
For more information on Cypress Creek Renewables, visit www.cypresscreekrenewables.com.
“Our company is committed to helping grow the economies of local communities by providing renewable energy for homes and businesses. Clean energy is an important strategy toward building energy independence in the United States and we appreciate all the work of our utility partners, local leaders, and the state of South Carolina for making this project a reality.” –Cypress Creek Renewables CEO Matthew McGovern
“Our company is very proud to be a part of this project and thankful for the partnerships that are helping us provide more clean energy to South Carolinians.” –Southern Current, LLC Principal and Chief Development Officer Paul Fleury
“Team South Carolina has worked extremely hard to create a business environment that companies from all industries, and from all over the world, can take advantage of and thrive in. Cypress Creek’s continued investment in our state proves that those efforts have paid off, and we look forward to seeing the impact that the renewable energy industry will have in Allendale, and across the state.” –Gov. Nikki Haley
“This investment by Cypress Creek Renewables will further strengthen South Carolina’s growing reputation in the area of renewable energy. Providing both positive economic and environmental impacts, I’m proud to welcome Cypress Creek to our state and look forward to growing this terrific partnership in the years ahead.” –Secretary of Commerce Bobby Hitt
“Allendale County is proud of the diverse array of industrial investment in our area, and we are pleased to have another ‘green’ energy company investing in our community. We look forward to working with Cypress Creek Renewables in 2016 and beyond.” –Allendale County Council Chairman James Pinkney
“SouthernCarolina Alliance appreciates the investment that the Cypress Creek Renewables project will bring to Allendale County. We welcome the company as a great addition to our renewable energy sector.” –SouthernCarolina Alliance Chairman Buddy Phillips
FIVE FAST FACTS
- Cypress Creek Renewables is establishing solar power operations in Allendale County.
- 40-60 jobs created during construction.
- $8 million investment in Allendale County operations.
- This project will power approximately 1,600 homes per year.
- Cypress Creek’s Allendale 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.