Coronal Energy, an independent solar power and energy storage provider, has announced plans for the construction of a new solar project, the Rankin Solar Center, in Florence County, S.C.
The new development is projected to bring approximately $15 million of capital investment, according to the South Carolina Department of Commerce.
The Rankin Solar Center will generate 10 MW of energy, enough to power approximately 2,000 homes annually. Located off Corrie Farm Rd. in Florence, the new development is expected to come online in the fourth quarter of 2019.
“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,” says Gov. Henry McMaster, R-S.C. “I look forward to seeing the impact that the renewable energy industry will have in the region and across the state.”
Bobby Hitt, the state’s secretary of commerce, adds, “South Carolina is continuing to blaze a trail in the renewable energy sector, and [this] 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.”