June 28 (Renewables Now) - US solar developer Cypress Creek Renewables said Tuesday it has partnered with United Renewable Energy LLC to co-develop 12 solar-plus-storage projects in North Carolina.
The portfolio, which has a total storage capacity of 12 MWh, will serve Brunswick Electric Membership Corp (EMC), a cooperative utility in southeastern North Carolina.
United Renewable Energy developed the project structure and power purchase agreements (PPAs) with Brunswick EMC. The projects were acquired by Cypress Creek Renewables, which provided late stage project development and financing. It will also build the facilities, starting this month. The portfolio is planned to be operational by October 2017.
"These projects provide low-cost solar energy to our members, and compound the value by delivering it exactly when we need it," said Brunswick EMC chief executive Don Hughes.