Starbucks Working With Cypress Creek Renewables on Texas Solar Farms
April 15 2019 - 9:54AM
Dow Jones News
By Michael Dabaie
Starbucks Corp. (SBUX) said it is working with Cypress Creek
Renewables and U.S. Bank on a portfolio of solar farms across
Texas.
Two solar farms developed, built and now operated by Cypress
Creek are providing enough energy for the equivalent of 360
Starbucks stores in Texas, including stores in Houston, Dallas,
Fort Worth, Plano and Arlington.
With the final solar farm in the portfolio now producing energy,
hundreds of Starbucks stores across Texas are now powered by two,
10-megawatt Cypress Creek-owned solar farms located in Wharton and
Blossom, Texas. ENGIE Resources is providing full retail energy
requirements, Starbucks said.
Starbucks said it is separately investing in six Cypress
Creek-owned solar farms in Texas, representing 50 megawatts of
solar energy.
Cypress Creek is a developer, investor, builder and operator of
solar energy generating assets.
The U.S. Bancorp Community Development Corporation, the tax
credit division of U.S. Bank, provided a portion of the tax equity
investment.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
April 15, 2019 10:39 ET (14:39 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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