MD DC DE VA Solar Energy Industries Association

Presenting a Couple of Solar Focus Sponsors: Cypress Creek Renewables and Fronius

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Oct 17

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MDV-SEIA is pleased to partner with Cypress Creek Renewables and Fronius as MW sponsors for the 11th annual Solar Focus conference. Their support as active contributors of the solar industry is an appreciated addition to the sponsorship line-up of the Mid-Atlantic’s leading solar conference.

About Cypress Creek Renewables

Cypress Creek Renewables partners with local communities and utilities to provide widespread access to affordable, clean energy. Cypress Creek Renewables’ solar solutions produce energy at or below market costs, while our locally based development strategy allows us to deploy solar where the power is needed most. With well over $2 billion raised and invested and over 5 gigawatts of local solar farms deployed or in development, Cypress Creek Renewables is the largest and fastest-growing dedicated provider of local solar farms.

Q&A

What markets do you operate in?

Cypress Creek Renewables has operating assets in 8 states and is developing in over a dozen more, including Virginia.

Tell us a little more about your company (ex. How many MWs/GWs of solar in your east coast portfolio, how your company became involved with solar, etc.)

Since Cypress Creek Renewables was founded three and a half years ago, we have raised over $2 billion dollars and have built roughly 1.5 GW of solar. We’ve retained 1 GW of solar for long term ownership and have sold the rest to utilities and other large owner and/or operators. Cypress Creek Renewables is involved in all stages of solar development, including site development, financing, design and construction, and long term operations and maintenance. At the same time, we’re open to partnering with qualified firms at any stage of value creation.

What opportunities and challenges do you predict solar development will face on
the East Coast in the next year?

We anticipate independent owned solar will face difficulty in obtaining long term contracts.

How does your company plan to be involved in influencing the solar industry over the next few years?

Direct relationships with decision-makers in addition to working through MDV-SEIA and other trade organizations.

Solar jobs are now growing at a rate 17x faster than the overall economy and for the first time in history the solar industry employs more people than coal. Tell us a little about how the rate of solar job growth has impacted your business.

It’s a wonderful industry to be a part of and amazing to watch our college interns grow into valuable employees. It’s also good to know as a young person that this is an industry where you can make a long term career.

 

Which policies, incentives (tax credits), or regulatory changes have had the most impact on your business and what is missing that your company could benefit from?

What we need more than anything else are more options to obtain financeable long term PPAs. Access to long term PPAs in any form – with utilities, large customers, or smaller end users through community solar programs or retail markets – is how we do business. We can meet or beat the cost incurred by incumbent utilities and benefit the ratepayers in the short and long term, but we need access to markets via long term PPAs.

Any final thoughts you’d like to share?
So glad we’re an MDV-SEIA member and really appreciate the help the organization provides to our business.


About Fronius 

Fronius USA builds solar solutions built to last. Headquartered in Portage, IN, Fronius manufactures string inverters for both residential and commercial solutions. We are a company that is working towards 24 hours of sun: a vision of a world powered by 100% renewables.

Q&A

What markets do you operate in?

Both residential and commercial for solar

Tell us a little more about your company (ex. How many MWs/GWs of solar in your east coast portfolio, how your company became involved with solar, etc.) 

After building a successful battery and welding business Gunter Fronius decided he wanted to offset all the energy he was using with the power of the sun. Fronius has been creating solar solutions for 25 years (2017 marks our 25th birthday!). 

How does your company plan to be involved in influencing the solar industry over the next few years?

As a company Fronius is very optimistic about the growth of solar in the USA and believes that the industry has the momentum it needs to prosper. With our three divisions Fronius has the stability and bankability to stay grounded in the solar industry for many years to come.

Solar jobs are now growing at a rate 17x faster than the overall economy and for the first time in history the solar industry employs more people than coal. Tell us a little about how the rate of solar job growth has impacted your business.

Fronius USA’s once small solar division is now spread across all corners of the nation including Indiana, Michigan, California, Colorado, and more! This is a direct result of the growth of the industry and increasing need for multiple positions to achieve new goals in solar.

Twitter Handle: @FroniusUSASolar

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