Company investing more than $10 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 $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.
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.
For more information on Cypress Creek Renewables, visit www.cypresscreekrenewables.com.
QUOTES
“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.” –Cypress Creek Renewables CEO Matthew McGovern
“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
“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.” –Darlington County Economic Development Partnership Executive Director Frank Willis
“We are very excited to have a company such as Cypress Creek Renewables locate to our region as a part of our corporate family. This shows that Cypress Creek Renewables is not only dedicated to the region, but that the economy of our region is becoming more diversified. Cypress Creek Renewables is providing our region with a great opportunity for clean and sustainable economic growth.” –President Pro Tempore of the S.C. Senate and North Eastern Strategic Alliance Executive Committee Chairman Hugh K. Leatherman, Sr.
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.