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Coronal Energy launching new solar project in Florence County -Solar services provider bringing $15 million of capital investment
August 9, 2018. South Carolina Department of Commerce.

COLUMBIA, S.C. – Coronal Energy, a leading independent solar power and energy storage provider, today announced plans for the construction of a new solar project -- the Rankin Solar Center -- in Florence County. The new development 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.

Located off Corrie Farm Road in Florence, S.C., Coronal Energy’s new development is expected to come online in the fourth quarter of 2019. For more information on the company, visit www.coronalenergy.com.

QUOTES

“The Rankin Solar Center is a special one for Coronal Energy. 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.” –Coronal Energy Vice President of Development Russ Edwards

“Our approach to creating a business-friendly environment for all types of companies continues to pay off, and Coronal Energy’s new investment in Florence County is a testament to that. I look forward to seeing the impact that the renewable energy industry will have in the region and across the state.” –Gov. Henry McMaster

“South Carolina is continuing to blaze a trail in the renewable energy sector, and today’s announcement by Coronal Energy is further proof of that. I congratulate Florence County on this tremendous investment and look forward to the bright future Coronal Energy has in this community.” –Secretary of Commerce Bobby Hitt

“Clean energy is an important initiative for a healthy environment. Coronal Energy will not only bring investment to Florence County, but also help create sustainable energy for the future.” –Florence County Council Chairman Kent Caudle

“An important part of economic development is planning for the future. Being environmentallyconscious
plays a crucial role in securing an economically-sound future for Florence County. Solar farm
developments like Coronal Energy will help us build a better community.” –Florence County Economic
Development Partnership Chairman Frank J. “Buddy” Brand

“I have 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. I am proud that Coronal Energy, a
solar farm development, has chosen to invest in the Pee Dee.” –S.C. Senate President Pro Tempore
Hugh K. Leatherman

FIVE FAST FACTS

  1. Coronal Energy is launching a new solar project, the Rankin Solar Center, in Florence County.
  2. $15 million of capital investment.
  3. Coronal Energy is a leading independent solar power and energy storage provider that currently manages a 333-megawatt operating portfolio.
  4. Located off Corrie Farm Road in Florence, S.C., Coronal Energy’s new development is expected to come online in the fourth quarter of 2019.
  5. For more information on the company, visit www.coronalenergy.com.

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. S.C. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Samsung, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. S.C. 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. With a strong international footprint, since 2011, the Palmetto State has ranked among top three in the nation for attracting jobs through foreign investment on a per capita basis, according to IBM-Plant
Location International. Additionally, in five of seven years, the state has won the Gold Shovel Award from Area Development magazine; and, in 2017, the state was recognized as Business Facilities' State of the Year. For more information, visit www.SCcommerce.com.

MEDIA CONTACT:
Adrienne R. Fairwell, APR
Director of Marketing & Communications
South Carolina Department of Commerce
(803) 737-1998
afairwell@sccommerce.com
www.SCcommerce.com

Last Published: September 11, 2018 2:27 PM
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