Cypress Creek pursues 80-MW Cool Springs Solar project in North Carolina

The Cool Springs Solar LLC affiliate of Cypress Creek Renewables on Nov. 17 applied at the North Carolina Utilities Commission for a Certificate of Public Convenience and Necessity on an 80-MW (ac) project that will be located near the intersection of W Page Hager Road and E Page Hager Road, on the east side of Mocksville Hwy, in Cleveland, Iredell County, North Carolina.

The $140.4 million facility is projected to come on-line as of July 1, 2018. The facility owner plans to sell the electricity to Duke Energy Carolinas pursuant to a power purchase agreement. The service life of the project is expected to be approximately 35 years. The projected annual sales of the facility are expected to be approximately 159,461,000 kWh.

A project contact is: Jerome O’Brien, 3250 Ocean Park Boulevard, Suite 355, Santa Monica, CA 90405, (310) 581-6299, regulatory@ccrenew.com.

The application has bios of various Cypress Creek executives, including:

  • Matthew McGovern, Chief Executive Officer – As CEO of Cypress Creek Renewables, Matt oversees all business operations and investor relations for the company. He has 15 years of industry, finance, and operational executive experience. Prior to forming Cypress, he served as the CFO of Paramount Solar.
  • Michael Cohen, President – As President at Cypress, he is instrumental in business development, as well as all financing and strategic initiatives. Cohen has 10 years of industry, development, legal, and operational executive experience. Prior to Cypress, he led business development and project finance for Strata Solar.
About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.