Solar energy company to invest $15.5 million in Florence County - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Solar energy company to invest $15.5 million in Florence County

Source: Cypresscreekrenewables.com Source: Cypresscreekrenewables.com

FLORENCE COUNTY, SC (WMBF) - A solar energy company plans to invest $15.5 million in a solar energy project in Florence County, according to the SC Department of Commerce.

Cypress Creek Renewables specializes in the ownership and development of long-term solar energy projects. It is expected that 40-60 jobs will be created during construction. The facility will be off North Lynchburg Highway in Olanta, and will produce 15 megawatts of energy at full capacity, according to the statement from the SC Dept. of Commerce.That is enough to provide inexpensive, secure, clean energy to approximately 3,000 homes.

Cypress Creek strives to make solar power economically attractive to utilities and consumers.The company is working with regulators, utilities and business development groups throughout the country to build more than one gigawatt of new solar projects by the end of 2016.

"We're very excited to bring more clean energy to both the Florence community and the State of South Carolina," Cypress Creek Renewables CEO Matthew McGovern said. "Working with our local partners, Sustainable Energy Solutions, LLC, and officials in Florence County to develop the project has been a great experience."

Sustainable Energy Solutions, which has partnered with Cypress Creek, works to identify, acquire and develop cost-effective solar sites that optimize interconnection and construction costs to maximize efficiencies, the statement explains.

"The investment Cypress Creek is making in our state proves that South Carolina is a place where companies from all over the world and from different industries can find a home and succeed," Governor Nikki Haley added. "Together, Team South Carolina has created an environment where businesses can and will grow-that's why we are excited to announce Cypress Creek's investment in Florence County."

Cypress Creek's Florence County operations are expected to be fully operational by the end of 2016.

Copyright 2015 WMBF News. All rights reserved.

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