Coronal Energy confirms $15M investment in Florence County solar project
COLUMBIA, S.C. – Coronal Energy, a leading independent solar power and energy storage provider, confirmed plans Thursday for the construction of a new solar project – the Rankin Solar Center – in Florence County.
The new development, which was divulged at a July 19 Florence County Council meeting, is projected to bring approximately $15 million of capital investment.
The Rankin Solar Center will generate 10 megawatts of clean, renewable solar power, which is enough to power approximately 2,000 homes annually. With world-class capabilities in development, financing, engineering and construction, Coronal Energy owns, operates and manages a 333-megawatt portfolio with a multi-gigawatt development pipeline.
“The Rankin Solar Center is a special one for Coronal Energy,” said Russ Edwards, Coronal Energy’s vice president of development. “It marks Coronal’s first solar project in South Carolina and represents the culmination of a partnership with Florence County that began in 2014.
“We are incredibly proud of our association with Florence County and our shared participation in leading South Carolina’s energy toward a bright, new future together.”
Located off of Corrie Farm Road in eastern Florence County, Coronal Energy’s new development is expected to come online in the fourth quarter of 2019.
“Clean energy is an important initiative for a healthy environment,” Florence County Council chairman Kent Caudle said. “Coronal Energy will not only bring investment to Florence County but also help create sustainable energy for the future.”
An important part of economic development is planning for the future, said Frank J. “Buddy” Brand, the Florence County Economic Development Partnership chairman.
“Being environmentally conscious plays a crucial role in securing an economically sound future for Florence County,” Brand said. “Solar farm developments like Coronal Energy will help us build a better community.”
Hugh K. Leatherman Sr., the president pro tempore of the S.C. Senate, said he has long thought that with South Carolina’s sunshine and weather, solar energy was part of a sustainable and independent energy future.
“Well, that future is now,” said Leatherman, who represents Florence. “I am proud that Coronal Energy, a solar farm development, has chosen to invest in the Pee Dee.”
For more information on the company, visit coronalenergy.com.