SANTA MONICA, CA : Cypress Creek Renewables is pleased to announce the closing of $216 million in financing for its Zier Solar and Storage project. Norddeutsche Landesbank Girozentrale (“NORD/LB”) acted as Coordinating Lead Arranger (CLA), Lender and LC Issuing Bank alongside Rabobank, National Bank of Canada, and the North American Development Bank as Joint Lead […]
Cypress Creek Renewables Acquires 100MW Solar Asset from Carson Power – EQ Mag Pro
Santa Monica, CA : Cypress Creek Renewables has acquired a 100MW transmission project from Carson Power to add to its New York Independent System Operator (NYISO) development portfolio. The project, located near Rochester, NY, is in the early stages of development and is expected to be placed in service in 2026. Carson Power will continue […]
Cypress Creek Renewables Acquires 400MW from Black Mountain Energy Storage – EQ Mag Pro
Santa Monica, CA: Cypress Creek Renewables has added 400MW/600MWh to its storage portfolio after acquiring four Texas standalone energy storage projects from Black Mountain Energy Storage (BMES). The projects, each 100MW, are located throughout the Electric Reliability Council of Texas (ERCOT) market and are currently under development. Cypress Creek will continue project development, entitlement, engineering, […]
Cypress Creek Renewables Welcome Jeff Meigel, Chief Investment Officer – EQ Mag Pro
Cypress Creek Renewables is excited to announce today that Jeff Meigel will be joining the company’s leadership team as Chief Investment Officer (CIO). In this role he will lead the Structured Finance, Capital Markets, Mergers and Acquisitions, Investment Committee and Investment Analytics groups. “We are so excited to have Jeff join us on our Executive […]
Cypress Creek Renewables closes $125M Debt Facility with Investec, Other Lenders – EQ Mag Pro
DURHAM, NC : Cypress Creek Renewables and Investec are pleased to announce the closing on May 3 of a $125 million debt facility to further fund the growth of Cypress Creek’s solar and storage pipeline. The facility is the second of its kind that Cypress Creek and Investec have closed together. Investec is acting as […]
Michigan PURPA Settlement Set to More Than Triple State’s Solar Capacity
Utility Consumers Energy and the solar industry resolved their conflict, smoothing the way for deployment. Regulators in Michigan approved a settlement Wednesday compelling utility Consumers Energy to buy power from 584 megawatts of solar interconnected by September 1, 2023, multiplying by many times the 153 megawatts currently standing in the state. The settlement ends a […]
Duke Drops Largest Solar Project in North Carolina Procurement — Its Own
The cancellation of an 80-megawatt project with no financial penalty raises questions about a monopoly utility competing against private developers. Monopolies and market competition can make for uneasy bedfellows. North Carolina completed its first competitive solar solicitation in April, as called for in a major energy compromise the legislature passed in 2017. Unlike almost anywhere […]
Starbucks Buys Aggregated Wind and Solar Portfolio With Help From LevelTen
Coffee giant contracts for power from three projects built by three developers in three states, in what’s being described as a first for the corporate market. Starbucks announced another large-scale renewables deal Wednesday, with enough power to supply 3,000 of its U.S. stores. The portfolio, encompassing 146 megawatts of wind and solar, draws from three […]
Cypress Creek Renewables Announces New Leadership
SANTA MONICA, Calif.: Cypress Creek Renewables today announced leadership changes to support the next stage of the company’s growth. The Cypress Creek Board has appointed Sarah Slusser as chief executive officer and as a director on the board, Rebecca (Becky) Cranna as interim chief operating officer and Kim Osteras interim chief strategy officer. As part of these leadership changes, Matthew McGovern and Michael […]
Cypress Creek solar farms will power 360 Starbucks stores in Texas
Starbucks Coffee Company, Cypress Creek Renewables and U.S. Bank are teaming up on a portfolio of solar farms across Texas. Two 10 MW solar farms developed, built and now operated by Cypress Creek located in Wharton and Blossom, Texas are providing enough energy for the equivalent of 360 Starbucks stores, including stores in Houston, Dallas, […]