One of the leading solar energy and storage companies, Cypress Creek develops, owns and operates projects across the United States. With around 300 employees, the company’s integrated platform forms the basis for continuous innovation, ensuring the company’s leadership position in the energy transition.
The Company operates in 25 states, with 1.6 GW of operating assets and a proven track record, having marketed 11 GW since its inception in 2014. Cypress Creek has deep roots in the US renewable energy market, providing a full range of utility scale services and distributed solar power and storage, with an extensive pipeline of future development opportunities and operations and maintenance services.
Cypress Creek, with its forward-thinking management team, is well positioned to take advantage of the growing renewable energy market and continued investment in the United States, supported by expanding federal and state policies, optimizing technology costs and the company’s sustainability goals.
EQT Infrastructure is committed to building on the success of Cypress Creek by investing in operational, organizational, digital and sustainability initiatives to help the company continue to grow and differentiate. EQT will leverage its extensive global experience partnering with companies focused on renewable energy and sustainability, and its network of global EQT advisors, to support Cypress Creek in its next phase of growth, as the company continues to grow. ” achieve its goal of becoming the most reputable sustainable company. energy company in the market.
Alex darden, a partner on the EQT Infrastructure Advisory Team, said: âCypress Creek plays a critical role in North America development of renewable energies and the infrastructure market. Its platform is ideally located to benefit from the favorable winds of a growing and sustainable demand for clean and responsible energy. EQT is delighted to invest and partner with the CEO Sarah slusser and the entire Cypress Creek team as the company continues its next phase of growth and strategic vision. This investment aligns directly with our thematic approach to investing in sustainable businesses that have a positive impact on society. As a responsible investor, we are committed to working with Cypress Creek to transform and support North America the future of green energy. “
Sarah slusser, CEO of Cypress Creek, commented, âCypress Creek Renewables is delighted that EQT is supporting our talented team and our multi-year growth plan, focused on our mission to fuel a sustainable future, one project at a time. With EQT, we our sustainable growth in developing the highest value solar energy and storage projects, providing the best O&M services for ourselves and our customers, and expanding our fleet of operating assets. .
The transaction is subject to customary conditions and approvals and is expected to close in the second half of 2021.
Barclays acted as financial advisor to EQT Infrastructure in connection with the transaction and Simpson Thacher & Bartlett LLP acted as legal advisor. Morgan Stanley & Co. LLC acted as exclusive financial advisor to Cypress Creek in connection with the transaction and Kirkland & Ellis LLP acted as legal advisor.
With this transaction, EQT Infrastructure V is expected to be 35-40% invested (including closed and / or signed investments, announced public offerings, if any, and minus any planned syndication) depending on the size of its target fund. and subject to approval.
Daniel Yunger, [emailÂ protected], +1 917 574 8582
EQT is a goal-oriented global investment organization with more than 67 billion euros in assets under management in 26 active funds. EQT funds have portfolio companies in Europe, Asia Pacific and the Americas with total sales of around 29 billion euros and over 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
More information: www.eqtgroup.com
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About Cypress Creek Renewable Energy
Cypress Creek Renewables is powering a sustainable future, one project at a time. We develop, finance, operate and own large-scale solar energy and storage facilities distributed throughout the United States. With 11 GW of solar power developed and over 3.7 GW under operations and maintenance management, Cypress Creek is a leading solar energy and storage company.
More information: ccrenew.com
About HPS Investment Partners
HPS Investment Partners is a leading global investment firm with more than $ 72 billion of assets under management July 2021. HPS seeks to provide creative capital solutions and generate attractive risk-adjusted returns for clients. HPS manages a variety of strategies across the capital structure, including syndicated leveraged loans and high yield bonds, privately traded senior and mezzanine debt instruments, asset-backed leasing and capital investment.
More information: www.hpspartners.com
Temasek is an investment company with a net portfolio value of S $ 306 billion (US $ 214 billion) from the March 2020. Its three roles as investor, institution and manager, as defined in the Temasek Charter, shape Temasek’s ethics to do well, do well and do good. Temasek actively seeks sustainable solutions to meet present and future challenges, through investments and other opportunities that help create a better, smarter and more sustainable world.
More information: www.temasek.com.sg