Company investing more than $30 million in three additional Lexington 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 first steps toward investing $30 million in three solar energy facilities in Lexington County. This project complements two Lexington County solar facilities, located in Swansea, S.C., which the company 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.
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 to build three additional facilities in Lexington County.
The projects, all three of which are ten-megawatt facilities, will be located off of Old Charleston Road in Pelion, S.C. Ten megawatts of solar energy is enough to provide inexpensive, secure, clean energy to approximately 2,000 South Carolina homes.
“We are thrilled that Lexington County continues to support local solar and the efforts of Cypress Creek to provide inexpensive renewable energy to local homes and businesses. Thanks to community leaders, Southern Current, our utility partners, and the state of South Carolina for recognizing that solar plays an important role in our nation’s energy mix.” –Cypress Creek Renewables CEO Matthew McGovern
“We are very excited and thankful that Lexington County is continuing to support the growth of renewables throughout the county and the state. These projects are the culmination of a lot of hard work, perseverance & team work of which we are proud to play a part.” –Southern Current, LLC Principal and Chief Development Officer Paul Fleury
“In South Carolina, we practice a team-first approach to economic development, which helps ensure a positive business climate in all regions across the state. Cypress Creek’s continued investment in Lexington County is a testament that Team South Carolina’s hard work continues to pay off, attracting investments from companies of all types.” –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
“We are excited that Cypress Creek Renewables has chosen to expand further in Lexington County. With solar energy becoming a more cost-effective and competitive energy source, the Council is hopeful that Cypress Creek Renewables’ investment will prove to be a hugely valuable resource for the residents of Lexington County.” – Lexington County Council Chairman Todd Cullum
“It’s exciting to see a company once again decide to expand operations within the Central S.C. Region. Cypress Creek Renewables’ continuous growth in the region and the state are a testament to the economic strength and value that businesses find here. Their investment and commitment to clean renewable energy means a brighter future for this community.” –Central S.C. Alliance Chairman Mike Brenan
FIVE FAST FACTS
- Cypress Creek Renewables is establishing three additional solar power facilities in Lexington County.
- 40-60 jobs created during construction.
- $30 million investment in three Lexington County facilities.
- 10 megawatts can power about 2,000 homes per year.
- Cypress Creek Renewables is the largest and fastest growing dedicated provider of local solar farms.About Cypress Creek RenewablesCypress 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.