Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
January 11, 2022

Innovative Solar 54 PV Park, US

By Carmen

Innovative Solar 54 PV Park is a 48.9MW 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 2018.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 48.9 48.9 Active North Carolina, the US Cypress Creek Renewables; Heelstone Energy

Description

The project was developed by Cypress Creek Renewables and Heelstone Energy. The project is currently owned by John Laing Group with a stake of 100%.

Innovative Solar 54 PV Park is a ground-mounted solar project which is spread over an area of 246 acres.

The project generates 82,683MWh of electricity. The project cost is $90m.

Development Status

Content from our partners
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration
Reimagining the carbon problem

The project got commissioned in December 2018.

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 from 2018. The contracted capacity is 48.9MW.

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.

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU