EQT is pleased to announce that the EQT Infrastructure V fund (“EQT Infrastructure”) has agreed to acquire Cypress Creek Renewables (“Cypress Creek” or the “Company”), a leading vertically integrated renewable energy platform, from certain funds managed by HPS Investment Partners, LLC (“HPS”) and Temasek.
One of the leading solar and storage energy companies, Cypress Creek develops, owns, and operates projects throughout the US. With approximately 300 employees, the company’s integrated platform provides the foundation for continuous innovation, securing the company’s leadership position in the energy transition.
The Company operates across 25 states, with 1.6GW in operating assets and a proven track record, having commercialized 11GW since inception in 2014. Cypress Creek is deeply rooted in the U.S. renewable energy market, offering a full suite of services across utility-scale and distributed solar and storage, with an expansive pipeline of future development and O&M services opportunities.
Source: Virtual Strategy Magazine
By PR Newswire
