Innovative Solar 46 Project is a 100MW 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 December 2016.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 100 | 100 | – | Active | North Carolina, the US | Cypress Creek Renewables; Entropy Solar Integrators; Innovative Solar Systems; PrIncipal Solar |
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Description
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The project was developed by Cypress Creek Renewables, Entropy Solar Integrators, Innovative Solar Systems and PrIncipal Solar. The project is currently owned by Cypress Creek Renewables.
Innovative Solar 46 Project is a ground-mounted solar project which is spread over an area of 300 hectares.
The project generates 132,293.004MWh electricity and supplies enough clean energy to power 25,000 households. The project cost is $173m.
The project consists of 72,720 modules, each with 320W nameplate capacity.
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By GlobalDataThe project consists of 121,200 modules, each with 315W nameplate capacity.
The project consists of 124,520 modules, each with 310W nameplate capacity.
Development Status
The project got commissioned in December 2016.
Power Purchase Agreement
The power generated from the project is sold to Duke Energy Progress under a power purchase agreement for a period of 15 years. The contracted capacity is 78.5MW.
Contractors Involved
Alpha Energy was selected to render EPC services 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 Entropy Solar Integrators
Entropy Solar Integrators LLC (Entropy), formerly Argand Energy Solutions, LLC, a subsidiary of Entropy Investment Management, is a financial service provider that offers energy investment and management services. The company provides equity and construction finance capital for renewable energy projects. It offers services such as investment, development, financing, system design, installation and maintenance of projects. Entropy serves developers and long-term project owners of biomass, wind, solar, geothermal, CHP and other renewable energy projects. The company also invests in anaerobic digestion, energy storage, waste heat to power, and waste to energy. It has operation sin Charlotte, Chapel Hill and White Plains, the US. Entropy is headquartered in Charlotte, North Carolina, 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.
About PrIncipal Solar
Principal Solar Inc (Principal Solar) is a solar power project development and acquisition company. The company operates in the business of purchasing, owning and operating large-scale solar projects for financing and long term ownership. It invests in financing and acquiring solar projects. Principal Solar operates projects types such as photovoltaic solar power, operating 5mw, utility, municipal or high-credit commercial and industrial off-taker and others. The company serves the areas of North Carolina, Texas, Tennessee, California, New England, Georgia, New Mexico, Arizona, Nevada and Caribbean, the US. Principal Solar is headquartered in Lewisville, Texas, 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.
