SMA and Cypress Creek enter into 10-year Master Service Agreement

SMA America recently signed a 10-year Master Services agreement with Cypress Creek Renewables, under which it will perform inverter preventive maintenance services for a portfolio of projects, primarily located in North Carolina.

SMA O&M services

Cypress Creek is a leading solar development company. Working in close partnership with local communities, Cypress Creek develops, builds, finances and operates local solar farms across the country. Cypress Creek has operating facilities in eight states and is actively developing projects in more than a dozen states.

“We are thrilled to enter into this agreement with Cypress Creek and begin a long-term collaboration,” said Chuck Smith, executive vice president of Service for SMA. “The SMA Inverter Preventative Maintenance program goes above and beyond the manufacturer’s recommended maintenances, and proactively addresses potential inverter issues that could result in unnecessary downtime.”

Cypress Creek has grown its portfolio of solar projects while managing operation and maintenance tasks in-house. To maximize the value of its projects, Cypress Creek has selected SMA to lend its expertise in inverter technologies to manage inverter risk. This will allow SMA and Cypress Creek to leverage each other’s core competencies to maximize plant life and profitability.

SMA Service currently has more than 2.5 GW of solar assets under operation and maintenance (O&M) agreements, which are monitored from SMA’s NERC compliant Solar Monitoring Centers located in California and Germany.

Keys to inverter service: Data granularity, remote updates, customer relations

— Solar Builder magazine

Solar business updates: Sunworks, Cypress Creek Renewables, Beaumont Solar expand their territory

Sunworks, Elevation Solar form joint partnership

SunworksSunworks and Elevation Solar of Gilbert, Ariz., formed a joint business partnership known as Sunworks Elevation, LLC. The venture will enable both companies to broaden their reach for solar projects in the commercial building industry. With a previously established track record of successful solar implementations already in place between the two companies, the new LLC formation is expected to bolster revenue projections even further.

Sunworks Elevation will be coordinated and managed by both companies with the intent to expand access to commercial customers throughout the Southwest, streamline project integration, and accelerate fulfillment schedules. Sunworks is an established leader throughout California and Arizona; Elevation Solar brings an expanded customer footprint to states such as Arizona, Texas, New Mexico, and Utah.

The operational dynamics of the newly formed, member-managed LLC have already been established and both companies are eager to get started with expanding their commercial building project pipeline.

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Cypress Creek Renewables to acquire FLS Energy

cypress creek renewablesCypress Creek Renewables, a leading developer of local solar projects, has signed an agreement to acquire Asheville, N.C.-based solar developer FLS Energy. The move comes at a time of significant growth for Cypress Creek and represents the next step in Cypress Creek’s ongoing efforts to provide renewable energy to as many communities as possible throughout the country. Following the acquisition, the combined company will continue to be a force for job creation and economic development in North Carolina and throughout the Southeast.

FLS Energy started as a residential solar construction company more than 10 years ago and, in that time, evolved into one of North Carolina’s leading engineering, procurement and construction firms. FLS has an operating portfolio of 350 megawatts and a near-term pipeline of over 600 megawatts of solar projects. The FLS portfolio will increase Cypress Creek’s existing portfolio of 735 gigawatts of solar projects in operation or construction and over 4 gigawatts in development and will establish Cypress Creek as the leading developer, builder, owner and operator of distributed utility solar in the United States.

From the Archives: Top-Ranked Solar EPCs Will Need to Adapt to Change 

Cypress uses a data-driven approach to identify and acquire underutilized land on which it builds solar farms ranging from 2 – 20 MW on average, and it currently owns the largest solar farm east of the Mississippi River. Cypress sells the renewable energy these solar farms create back to local communities, typically at rates lower than fossil fuels. This process guarantees widespread, affordable access to clean energy.

Cypress is fully integrated. It finances, builds and operates its utility-scale solar farms with the support of over 200 team members, and it has invested over $1.5 billion into solar farms since 2014. Cypress’s philosophy is that the solar farm process only works if it is a “win” for everyone, promoting partnerships with landowners, local communities, regulators, lenders and consumers (utilities, businesses and individuals) to maximize green energy usage as well as create local jobs and community development.

Beaumont Solar opens new office in Rhode Island

Beaumont solarBeaumont Solar, a full-service solar developer and engineering, procurement & construction (EPC) company, announced the opening of its new Rhode Island office located in Providence. Having already established a strong presence with solar projects in Cranston, Middletown, North Kingston, Pawtucket, and Westerly, the addition of a regional office will enable Beaumont to continue supporting its customers, while growing the clean energy economy. Transforming the once fabled whaling town of New Bedford into a solar powerhouse, Beaumont has had a long track record of building strong community ties and business relationships.

Beaumont has partnered with environmental services, millwork and construction, specialty manufacturing, food production, and storage customers in Rhode Island since 2010 – adding a local office will further underscore its commitment to customers seeking to leverage solar not only for its clean energy attributes, but also numerous financial benefits.

 

The Renewable Energy Growth (REG) program, established by Rhode Island, has set an impressive goal of reaching 160 MW of green energy production by 2019. To support this goal, the Rhode Island Office of Energy Resources (OER) created the Renewable Energy Fund (REF) which provides grants and loans for solar projects, and the Feed-in Tariff (FIT) that enables energy producers to sell their generation output. New programs such as the Commercial Property Assessed Clean Energy (C-PACE) program, allows building owners to gain access to financing solar, requires zero capital outlay, and generates immediate positive cash flow from day one. State (and federal) tax exemptions also provide additional incentives that make solar not only economically feasible, but among the strongest capital investment opportunities available.

— Solar Builder magazine

Cypress Creek Renewables selects AlsoEnergy for monitoring of 2 GW of solar development

alsoenergyCypress Creek Renewables, a developer and long-term owner of utility-scale solar energy facilities, has selected AlsoEnergy to provide monitoring for over 2 GW of solar projects currently in their development pipeline. These projects are all based in the U.S. and are scheduled to be deployed over the next 24-36 months.

Cypress Creek Renewables has a company mission to develop, finance and own an extensive portfolio of solar power assets based in the United States. Cypress manages an operating portfolio of more than 330 MW and has a pipeline in excess of 2 GW. Cypress Creek is moving rapidly to commission operational ground-mount projects from 2-20 MW in capacity. Cypress has leveraged management experience with over 100 operational projects to create a standardized approach, allowing them to develop at scale with speed and efficiency.

RELATED: Schneider, AlsoEnergy team up on monitoring solution for string inverters 

Standardizing on a single monitoring platform is an important element in the Cypress Creek business model. After an extensive industry survey, they have chosen PowerTrack from AlsoEnergy to be the specified monitoring solution for the Cypress Creek portfolio.

“As long-term asset owners, we need a bankable monitoring partner who can deliver robust performance analysis while also easing our administrative workload” says CEO Matthew McGovern. “As developers with an ambitious deployment calendar, we also demand a monitoring partner with a proven track record for on-time fulfilment and responsive support. AlsoEnergy met or exceeded our needs in every detail.”

AlsoEnergy is the monitoring company behind two leading software products: PowerTrack and DECK Monitoring. “Over the past 2 years AlsoEnergy has focused on product development aimed at the utility-scale market, including a proprietary SCADA site controller” says AlsoEnergy CEO Robert Schaefer. “We are excited to work with Cypress Creek, a major utility-scale developer. The Cypress relationship helps validate our investment in this growing market segment.”

“We will use AlsoEnergy software to remotely identify, locate, and diagnose performance issues across our growing portfolio. This technology enables us to minimize site visits and reduce costs related to O&M” says McGovern. “Another attractive feature is the AlsoEnergy Workflow Suite, which allows us to track maintenance costs and production losses.”

For more information on Cypress, visit their website.

Same for AlsoEnergy.