Company investing $66.8 million in six new Hampton County solar projects
COLUMBIA, S.C. - Cypress Creek Renewables, a company that specializes in the ownership and development of long-term solar energy projects, has taken the first step towards investing $66.8 million in six new solar energy facilities in Hampton 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 Sustainable Energy Solutions, which is assisting Cypress by identifying sites, obtaining necessary permits and coordinating with the utilities. Together, they have received approval to build six facilities in and around three different towns within Hampton County, all of which are expected to be fully operational by the end of 2016.
In Brunson, S.C., Cypress is constructing a $10 million, 10-megawatt facility off of Broader Road. In Hampton, S.C., the company is investing $26 million to construct a six-megawatt facility and a 20-megawatt facility on two separate sites off of Augusta Highway. In Estill, S.C., Cypress is investing $30 million to construct three separate operations - a 12-megawatt facility off of Nixville Road, an 8-megawatt facility off of Columbia Highway and a 10-megawatt facility off of Steep Bottom Road.
For more information on Cypress Creek Renewables, visit www.cypresscreekrenewables.com.
For more information on Sustainable Energy Solutions, visit www.sccleanenergy.com.
QUOTES
"Building solar in Hampton County is about investing in the future by providing homes with clean, affordable energy. We are thrilled to be long-term partners in the community and are thankful to county leaders, the State of South Carolina, and Sustainable Energy Solutions for their leadership." -Cypress Creek Renewables CEO Matthew McGovern
"We are very appreciative of the support we've received from the Hampton County economic development officials, county council and all of our partners. This is a very important step in providing more clean energy to the state of South Carolina." -Sustainable Energy Solutions, LLC Owner and Director of Business Development Paul Fleury
"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." -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
"Hampton County welcomes Cypress Creek Renewables to Hampton County, and we appreciate the investment that they are making in our community in bringing renewable, sustainable energy solutions to our communities." -Hampton County Council Chairman Shedron Williams
"Cypress Creek Renewables will be an asset to our industrial community and a great addition to the array of 'green' industries located in our region. We look forward to working with Cypress Creek Renewables in the coming years." -Southern Carolina Alliance Chairman Buddy Phillips
FIVE FAST FACTS
- Cypress Creek Renewables is establishing solar power operations in Hampton County.
- $66.8 million investment in Hampton County operations.
- Cypress Creek Renewables is a national company with offices in Carrboro, North Carolina.
- The company currently manages a development pipeline of more than 200 projects.
- Cypress Creek's six Hampton County facilities 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.