Renewable Properties and United Renewable Energy (URE) have commenced construction on three North Carolina solar projects totaling 20 MW. Renewable Properties will finance and own the projects and has selected United Renewable Energy to complete engineering, procurement and construction.
The projects were acquired from Cypress Creek Renewables, which completed their initial development. Two are in Columbus County and one in Rockingham County. Cypress Creek will continue involvement in these projects by providing operations and maintenance services through its O&M division. All three projects are expected to be completed and delivering energy by this Fall.
“With the solar market full of uncertainty around rising construction costs and potential tariffs, it’s great to work with EPC partners like URE who are willing to go the extra mile to get the job done,” said Aaron Halimi, founder and president of Renewable Properties.
This portfolio of projects will add to Renewable Properties’ operating fleet in the Carolinas with additional plans to announce more North Carolina projects soon.
“Cypress Creek Renewables has developed hundreds of solar projects in the state of North Carolina and is proud to have a home base in the state,” said Sarah Slusser, CEO of Cypress Creek Renewables. “We are deeply invested in the continued success of projects that work toward a more sustainable future in North Carolina and beyond. It was great working with Renewable Properties and their team to help get these projects across the finish line.”
News item from Renewable Properties
““With the solar market full of uncertainty around rising construction costs and potential tariffs, it’s great to work with EPC partners like URE who are willing to go the extra mile to get the job done,” said Aaron Halimi, founder and president of Renewable Properties.””
I’m getting the feeling that rote IOU electric utilities don’t look at their very own IRP 10 year plans when they start waffling about construction projects. It is appearing here that Renewable Properties is making the same mistake. They, (utilities) seem to ignore replacing old inefficient fueled generation with solar PV farm or wind farm and ESS over keeping the status quo online. There seems to be hesitancy when it comes to actually taking a deep dive into LCOS from what’s online now to what’s determined to be online during the IRP 10 year period. For instance tariff fears are stopping projects and yet right now I believe bifacial solar PV panels have a pass on the 201 tariffs. IF these companies are really EPCs, then they should be able to contract for bifacial PV panels on many jobs and order a manufacturing run of 100K or more panels to pay something like $0.22/watt. With this price point on panels, one can use more of the budget to design the project for a 1.3 to 1.5 to 1 D.C. to A.C buss, use single axis trackers moving from east to west and use a utility scale ESS to capture at least 33% of the daily solar farm output, for time shifting and night dispatch.