Cubico reaches financial close on 105MW PV project in North Carolina

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
This stands as the second project in the 580MW PV portfolio that Cubico acquired from Cypress Creek Renewables (Cypress Creek) in January to reach financial close. Image: zak zak / Flickr

Cubico Sustainable Investments has reached financial close on a 105 MW PV project in Pender County, North Carolina.

This stands as the second project in the 580MW PV portfolio that Cubico acquired from Cypress Creek Renewables in January to reach financial close.

Construction is currently underway on the installation, with the project expected to become fully operational later in 2019.

Ricardo Díaz, head of Americas at Cubico, said: “We are delighted to have reached this important milestone for our second project in the US. Having developed strong portfolios in Latin America and Europe, this is an important step in establishing Cubico’s presence in the US market.”

Oliver Alexander, head of USA at Cubico, added: “We are very happy to complete the financing of the next project in our portfolio acquisition with Cypress Creek. We can now look forward to taking the project into commercial operations and expanding our presence in the country further.”

Sarah Slusser, CEO of Cypress Creek Renewables, said: “Cubico shares our vision for growing solar throughout the US and we’re proud to partner with them on this important 105 MW project. Cypress Creek completed development earlier this year and is now constructing the project.”

Read Next

July 22, 2021
US Senate majority leader Chuck Schumer has failed in a bid to fast-track the US’ US$1.2 trillion infrastructure investment bill through the Senate. But there remains hope that further progress could be made as early as next Monday, when some Republican senators believe the bill will be fit to proceed.
PV Tech Premium
July 15, 2021
Earlier this week the US National Renewable Energy Laboratory (NREL) published its 2021 Annual Technology Baseline (ATB) document, detailing the continued reduction in the levelised cost of electricity (LCOE) of the country’s core generators. Liam Stoker takes a look at the data and discusses just how cheap solar, and solar-storage, could become.
July 15, 2021
Legislation that would ban the import of all products from China’s Xinjiang region into the US has taken a critical step forward, passing the US Senate.
July 9, 2021
The US government has added a host of new China-based solar companies to its Entity List, effectively banning imports of their products into the country.
Live
June 24, 2021
The US government is set to block the imports of some solar products with links to the Xinjiang region of China in response to allegations of the use of forced labour.
June 21, 2021
The cost of insuring operational solar farms has skyrocketed over the course of the year, triggered by carriers rethinking their approaches to natural catastrophes and other extreme weather events. This has placed additional importance on mitigation strategies. Kevin Christy, COO for North America at Lightsource bp, details how the solar developer has adapted its strategy in the field.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK