Renewable Properties and United Renewable Energy (URE) have commenced construction on three North Carolina solar projects totaling 20MW.
Renewable Properties will finance and own the projects (pictured) and has selected United Renewable Energy to complete the engineering, procurement, and construction.
The projects, which span the state, were acquired from Cypress Creek Renewables, who 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 top-ranked O&M division.
All three projects are expected to be completed and delivering energy by the autumn.
Renewable Properties and URE have had to be creative to keep the projects within budget and on schedule despite historical inflation and rising prices on materials, fuel, and every aspect of project construction.
URE executive vice president Keith Herbs said: “Our partners rely on us, and our team takes tremendous pride in working collaboratively with the project owners to ensure that we maintain the project budgets.”
Renewable Properties founder and president Aaron Halimi said: “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.”
This portfolio of projects will add to Renewable Properties’ operating fleet in the Carolinas with additional plans to announce more North Carolina projects soon, as well as additions to their ever-growing pipeline of projects throughout the United States.