Cypress Creek Renewables, a company that specializes in the ownership and development of long-term solar energy projects, will invest $20.4 million to establish two new operations in Lexington County, South Carolina.
The company received approval to build two Lexington County projects off of Southbound Road and George Derrick Road in Swansea. 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. Both Lexington County solar projects will produce 10 megawatts of energy once at full capacity. Twenty megawatts of solar energy is enough to provide inexpensive, secure, clean energy to approximately 4,000 South Carolina homes.
“The energy we will create in Lexington County is a model of how things go when things go well. The energy is locally created, using underutilized land and delivering local residents secure, long term clean energy dependent only on the sun. We are grateful to officials at Lexington County, the State of South Carolina, SCE&G and Sustainable Energy Solutions for their leadership and we hope to create more win-win opportunities together in the future,” said Cypress Creek Renewables CEO Matthew McGovern.
With offices in Arizona, Missouri, New York and North Carolina, as well as Los Angeles and San Francisco, California, 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.
“We’re very appreciative of the support we’ve received from Lexington County’s economic development team, South Carolina Electric & Gas and all of our partners that have helped in the development of these projects. The opportunity to provide meaningful construction jobs and a long term revenue stream to the county is extremely satisfying,” Sustainable Energy Solutions, LLC Owner and Director of Business Development Paul Fleury said.
“New energy technologies continue to emerge and the Central South Carolina region is at the forefront of this movement. Cypress Creek Renewables partners with local utilities to develop long-term sustainable energy. They have a proven track record across the United States and we welcome them to Lexington County,” said Mike Brenan, Chairman of Central SC Alliance.