Tokyo-based Solar Frontier – the largest manufacturer of CIS (copper indium selenium) thin-film photovoltaic (PV) solar modules – has entered into a 150MW module supply agreement with Cypress Creek Renewables (CCR), which specializes in locally based development strategies and ownership of solar projects (with over 2.6GW 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 2-10MW and will be installed throughout 2016.
"Cypress Creek Renewables, a company recognized for its commitment to sustainable practices in local solar development, has become a bellwether relationship for Solar Frontier," says Charles Pimentel, chief operating officer of US subsidiary Solar Frontier Americas. "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," he adds.
"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," comments Cypress Creek Renewables' CEO Matthew McGovern. "The size of our commitment reflects our confidence in Solar Frontier and its product."
