Cubico to buy 580MW portfolio from Cypress Creek Renewables

Cypress Creek will stay on for EPC and O&M duties. Source: Cypress Creek Renewables.

Cubico Sustainable Investments will acquire a 580MW portfolio of solar projects from US developer Cypress Creek Renewables.

The projects mark Cubico’s first in the US market.

One of the five projects has already reached financial close. The sites are split across Texas and the Carolinas.

“We are very proud of having reached this ground-breaking milestone to enter the US market that further consolidates Cubico in the Americas, after having created one of the leading renewable energy platforms in Latin America,” said Ricardo Diaz, head of Americas at Cubico. “We now plan to continue consolidating our presence in the market supporting developers to achieve their clean energy ambitions in the country,” he added.

The remaining four projects will close in the first half of 2019 with all expected to be operational by the end of 2020. In addition to debt and tax equity, Cubico is putting in US$165 million of equity.

Cypress Creek will stay on as the engineering, procurement and construction provider as well as fulfilling operations & maintenance duties.

4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.

Read Next

PV Tech Premium
September 23, 2022
Plans for a temporary revenue cap on solar PV assets across the European Union (EU) could dent investor confidence in renewables, experts have warned, amid concerns that individual member states may be able to set lower caps specific to different technologies.
September 22, 2022
The RE+ tradeshow has been full of hope, excitement but also short-term questions as the industry considers the significance of the IRA.
September 22, 2022
Qcells has heightened its commitment to the global solar supply chain as its parent company, Hanwha Solutions, increases investment in clean raw materials.
September 22, 2022
EDP Renewables North America has started construction on a 240MW utility-scale solar PV project in Milam County, Texas.
September 22, 2022
Tech major Amazon has expanded its renewables portfolio globally with 71 new projects with a total capacity of 2.7GW.
September 22, 2022
Wood Mackenzie has repeated warnings that module supply shortages are set to persist until the end of 2023.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 27, 2022
15:30 AEST (UTC +10)
Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)