Solar farm development to bring $100 million of new investment
Columbia, SC — Adger Solar, a clean energy development company, intends to invest $100 million in a new solar project in Aiken County.
Active in the southeastern United States since early 2014, Adger Solar is a clean energy development company focused on creating lower-cost, utility-scale, solar-electric generating facilities, with developments underway in multiple S.C. counties. Using innovative commercial and financing solutions, the Adger Solar team has already assembled a project portfolio of 750 megawatts (MW) of solar projects.
The Aiken County solar facility will be located off Edgefield Highway, approximately three miles north of I-20 and will produce 74 MW of energy at full capacity. Expected to be operational by 2019, the project will be able to produce affordable, clean energy to 15,000 homes.
For more information on Adger Solar, visit the company's website.
"We are excited to be part of the success story that is utility-scale solar energy in South Carolina. Power from this project will be sold for under four cents per kilowatt-hour, one of the lowest prices for solar seen yet in the state. Because this price is fixed over the 20-year purchase contract, it should create significant savings for utility companies and their ratepayers. These long-lived, capital-intensive power projects require close collaboration with our host communities, and we're grateful for their steady support, including in particular the leadership of Aiken County, whose foresight has helped make this project possible." -Adger Solar Principal William Moore
"In South Carolina, we have crafted a diverse economy that can accommodate any company, and Adger Solar is the latest to prove that. A $100 million investment represents a tremendous investment in our state and our people, and we look forward to seeing the success Adger will have for many years." -Governor Henry McMaster
"We've worked hard to diversify South Carolina's growing economy, and that includes supporting the renewable and sustainable energy industry. Adger Solar is blazing a trail in South Carolina, and the success they've had is a further testament to our pro-business environment." -Secretary of Commerce Bobby Hitt
"We are very grateful for Adger Solar and their decision to locate in Aiken County. They are well respected in their industry, and we know they will do great things. Aiken County has a long history of working with sustainable alternative energy, and this further solidifies our reputation as a leader in this field." -Aiken County Council Chairman Andrew Siders
"We greatly appreciate this investment by Adger Solar. Today's announcement is the second solar farm announced in Aiken County this year. Aiken County continues to be a leader in the alternative renewable energy solutions world." -Economic Development Partnership Chairman Gary Stooksbury
Five Fast Facts
- Adger Solar is launching a new solar development project in Aiken County.
- $100 million of new capital investment.
- Adger Solar is a clean energy development company focused on creating lower-cost, solar-electric generating facilities.
- The new Aiken County development should be operational by 2019.
- For more information on Adger Solar, visit the company's website.
About S.C. Department of Commerce
As South Carolina's leading economic development agency, the Department of Commerce works to recruit new businesses and help existing business grow. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and with the S.C. Department of Employment and Workforce, which provides worker training and employment opportunities within the state. In three of five years, IBM-Plant Location International reports ranked South Carolina first in the nation for attracting jobs through foreign investment, per capita. The state won the Gold Shovel Award and the Project of Year Award from Area Development magazine in 2012, 2014 and 2015. For more information, visit www.SCcommerce.com.