Solar Frontier Americas Enters Into 150 MW Solar Module Supply Agreement With Cypress Creek Renewables
Solar Frontier Americas entered into a 150 MW module supply agreement with Cypress Creek Renewables to supply their portfolio of projects located in various states including Indiana, South & North Carolina, Montana and Texas. The projects range from 2-10 MW and will be installed throughout 2016.
Tokyo, March 29, 2016 - Solar Frontier, the world's largest CIS solar energy solutions provider, announced today that it has entered into a 150 MW module supply agreement with Cypress Creek Renewables (CCR), a leading solar company specializing in locally-based development strategies and ownership of clean energy solar projects with over 2.6 GW of solar farms deployed or in development.
Solar Frontier will supply modules to a portfolio of Cypress Creek Renewables' projects in various states including Indiana, South & North Carolina, Montana and Texas. The solar energy projects primarily range in size from 2-10 MW and will be installed throughout 2016.
Charles Pimentel, COO of Solar Frontier Americas, said, "Cypress Creek Renewables, a company recognized for its commitment to sustainable practices in local solar development, has become a bellwether relationship for Solar Frontier. Our relationship matured as a result of the strength of our technology and its ability to deliver superior internal rate of return (IRR) on Cypress Creek Renewables' projects."
"Solar Frontier is a reliable partner in helping us achieve our goal of making solar energy an affordable local energy choice for the communities we serve. The size of our commitment reflects our confidence in Solar Frontier and its product," said Cypress Creek Renewables CEO, Matthew McGovern.
A world leader in manufacturing excellence, Solar Frontier has made consistent and significant advances in its growth and global customer base. The company has strategically developed a reliable and robust sales pipeline in the US market by fostering these successful key customers. In addition, the company's advanced CIS technology continues to attract solar investors and project developers as a result of the solar modules' higher energy yield (kilowatt-hours per kilowatt peak) in real-world environments than conventional crystalline silicon technologies.
About Solar Frontier
Solar Frontier K.K., a 100% subsidiary of Showa Shell Sekiyu K.K. (TYO:5002) ("Solar Frontier"), has a mission to create the most economical, ecological solar energy solutions on Earth. Building on a legacy of work in solar energy since the 1970s, Solar Frontier today develops and manufactures CIS (denoting copper, indium, selenium) thin-film solar modules for customers in all sectors around the world. Solar Frontier's gigawatt-scale production facilities in Miyazaki, Japan, integrate compelling economical and ecological advantages into every module: from lower energy requirements in manufacturing to the higher overall output (kWh) of CIS in real operating conditions. Solar Frontier is headquartered in Tokyo, with offices in Europe, the U.S.A., and the Middle East. Visit www.solar-frontier.com for more information.
About Cypress Creek Renewables
Cypress Creek Renewables is the largest and fastest growing dedicated provider of local solar farms. Our local solar solution is so efficient we produce energy at or below market costs, and so convenient it allows us to deploy solar where the power is needed most. With well over $1B invested and 2.6 GW of local solar farms deployed or in development, Cypress Creek partners with local communities and utilities to provide widespread access to affordable, clean energy. For more information, visit: ccrenew.com
For Solar Frontier U.S. media inquiries, please contact:
Tel: +1 925-997-5956
For Solar Frontier global media inquiries, please contact:
Kai Maraun or Akane Yamiya
Corporate Communications Department, Solar Frontier
Tel: +81 (3) 5531-5792