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Cubico Sustainable Investments will acquire a 580MW portfolio
of solar projects from U.
S.
developer Cypress Creek Renewables.
These projects mark Cubico's first in
the U.
S.
market.
One of the five projects has reached financial closure
.
These attractions are spread across Texas and the Carolinas
.
"We are very proud to have reached this groundbreaking milestone in entering the U.
S.
market, which further strengthens Cubico's position
in the Americas following the creation of a leading renewable energy platform in Latin America.
We now plan to continue to strengthen our position in the market, supporting developers in achieving their clean energy goals
in the country.
" ”
The remaining four projects will be completed in the first half of 2019, with all projects expected to be operational
by the end of 2020.
In addition to debt and tax equity, Cubico will invest $165 million in equity
.
Cypress Creek will continue to perform operations and maintenance responsibilities
as an engineering, procurement and construction provider.
:/, please indicate the source for reprinting)
Cubico Sustainable Investments will acquire a 580MW portfolio
of solar projects from U.
S.
developer Cypress Creek Renewables.
These projects mark Cubico's first in
the U.
S.
market.
One of the five projects has reached financial closure
.
These attractions are spread across Texas and the Carolinas
.
"We are very proud to have reached this groundbreaking milestone in entering the U.
S.
market, which further strengthens Cubico's position
in the Americas following the creation of a leading renewable energy platform in Latin America.
We now plan to continue to strengthen our position in the market, supporting developers in achieving their clean energy goals
in the country.
" ”
The remaining four projects will be completed in the first half of 2019, with all projects expected to be operational
by the end of 2020.
In addition to debt and tax equity, Cubico will invest $165 million in equity
.
Cypress Creek will continue to perform operations and maintenance responsibilities
as an engineering, procurement and construction provider.
:/, please indicate the source for reprinting)
/
