Cypress Creek's Sunny Outlook for Solar Reflected in $4.6 Billion in Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--Cypress Creek Renewables LLC (Santa Monica, California) is pressing forward on a host of solar power projects across the U.S., as the domestic solar market expects to see stronger demand and employment. Although the Trump administration's 30% tariff on imported solar panels took a bite out of the market in 2018, the Solar Foundation, a non-profit organization that supports solar development, recently said that it expects growth to resume this year. Industrial Info is tracking more than $4.6 billion in active projects involving Cypress Creek, nearly $1.5 billion of which is attributed to projects set to begin construction through the end of the year.

Click on the image at right to see a graph detailing the top 10 U.S. states for active Cypress Creek Projects, by investment value.

North Carolina is home to the bulk of Cypress Creek's proposed investments, including two projects considered highly likely to begin construction this summer: the $141.8 million Crooked Run and $65 million Innovative 67 solar plants, both in Willard. Both facilities are designed to use fixed-tilt, ground-mounted photovoltaic panels with single-axis trackers; Crooked Run is expected to generate 75 megawatts (MW), while Innovative 67 will generate 34 MW. For more information, see Industrial Info's reports on the Crooked Run and Innovative 67 projects.

Other projects proposed for North Carolina include the estimated $146.5 million Homer Solar Facility in Mount Gilead and $28 million Guilford County Solar Plant in Greensboro. The Homer project, located east of Charlotte, would generate 75 MW from fixed-tilt photovoltaic modules, while the Guilford County plant would generate about 13.5 MW. Both are in their earliest planning phases, where plenty of factors could alter or eliminate the projected spending. For more information, see Industrial Info's reports on the Homer and Guilford County projects.

Most of Cypress Creek's projects, when measured by megawatts, can be found in the eastern half of the continental United States. Outside North Carolina, those proposed to begin construction this year include the $140 million Payton Solar Facility in Kewanee, Illinois, and the $40 million Turner Solar Facility in Richmond, Virginia. The facilities would generate 70 and 20 MW, respectively, from photovoltaic panels. For more information, see Industrial Info's reports on the Payton and Turner projects.

Last year, Cypress Creek proposed to build what would be the largest solar-power facility in the state of New York: the estimated $210 million Bear Ridge plant in Lockport, near the towns of Cambria and Pendleton, and 20 miles east of the Canadian border. The company says the project would generate 100 MW and support New York's Clean Energy Standard mandate to secure 50% of the state's electrical supply from renewable sources by 2030. For more information, see Industrial Info's project report.

Although the project's construction kickoff is far from certain, Cypress Creek officials have been working to convince local officials and residents that the facility would be economically beneficial. At an information session for Cambria residents last autumn, one of the project managers said Cypress Creek would lease the land with farmers, providing them a stabilized income and allowing them to keep the land in their families, according to Lockport's Union Sun & Journal. Representatives from the company also said the project would increase the local tax base.

Elsewhere in New York, Cypress Creek is proposing the estimated $28 million Rock District Solar Facility in Carlisle and the $28 million Tayandenega Solar Facility in Saint Johnsville, both of which are west of Albany. If approved, either project would use thin-film photovoltaic modules to generate 19.9 MW. Neither would begin construction for another year, at the earliest. For more information, see Industrial Info's reports on the Rock District and Tayandenega projects.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.