WACO, Tex. (KWTX) The McLennan County and the Greater Waco Chamber of Commerce, in partnership with Cypress Creek Renewables announced a $13,000,000 solar farm project in McLennan County near Bruceville-Eddy.
The 88-acre, 13 megawatt solar farm is expected to generate enough power to support the energy needs of 1,000 homes annually, further supporting Central Texas’ growth and additional electricity demands.
Construction is expected to begin in the fourth quarter of 2017, completing within a six-month timeline.
While under construction, the project is expected to support 100 related jobs.
Cypress Creek is expected to utilize a significant number of local contractors to establish the site.
Cypress Creek Renewables, CEO, Matthew McGovern said, “Cypress Creek is thrilled to be making an important investment in the local economy of McLennan County, Texas. Our company is committed to helping grow the economies of local communities by providing affordable renewable energy for homes and businesses. We greatly appreciate the cooperation of our partnering utilities and the local leaders who helped make this project possible.”
McLennan County, Judge Scott Felton said, “The investment that Cypress Creek has chosen to make in McLennan County further reveals that our county appeals to a variety of businesses. Diversity in our tax base is important in that we have less risk if segments of our local economy take economic downturns. Additionally, Cypress Creek provides diversity in power generation sources. It's a perfect fit for us.”
The investment by Cypress Creek marks McLennan County’s first solar farm.
The County supported the project with a five-year real property tax abatement.
The typical life span of a solar farm is 30 years.
Cypress Creek is evaluating other properties in the County for additional investment to support the growing population of Greater Waco and Central Texas in a sustainable way.