Innovative Solar 37 Solar PV Park is an 111MW solar PV power project. It is located in North Carolina, the US. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in August 2017.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 111 | 111 | – | Active | North Carolina, the US | Cypress Creek Renewables; Innovative Solar Systems |
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Description
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The project was developed by Cypress Creek Renewables and Innovative Solar Systems. The project is currently owned by Dominion Solar Holdings IV with a stake of 100%.
Innovative Solar 37 Solar PV Park is a ground-mounted solar project which is spread over an area of 550 acres.
The project supplies enough clean energy to power 20,000 households. The project cost is $160m.
The project consists of 344,056 modules, each with 320W nameplate capacity.
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By GlobalDataDevelopment Status
The project got commissioned in August 2017.
Power Purchase Agreement
The power generated from the project is sold to Duke Energy Progress under a power purchase agreement for a period of 10 years.
Contractors Involved
Strata Solar is the O&M contractor for the solar PV power project.
About Cypress Creek Renewables
Cypress Creek Renewables (Cypress Creek) is an integrated solar company engaged in developing, financing, building, and operating solar power projects. The company offers its services to third-party and self-managed solar facilities. Cypress Creek is headquartered in Santa Monica, California, the US.
About Innovative Solar Systems
Innovative Solar Systems LLC (Innovative Solar) is a renewable energy company that designs and installs commercial solar power systems. The company offers services such as land development, engineering, project development, project management, origination and power marketing and project finance. Innovative Solar operates solar farms across the US. The company’s projects include Innovative Solar 35, Innovative Solar 46, Innovative Solar 10, Innovative Solar 48, Innovative Solar 23 and Innovative Solar 01, among others. Innovative Solar is headquartered in Asheville, North Carolina, the US.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
