April 17, 2019
Starbucks Coffee Co. joined forces with Cypress Creek Renewables and U.S. Bank to invest in a portfolio of solar farms across Texas. Two solar farms developed, built and operated by Cypress Creek are providing enough energy to power 360 Starbucks stores in Texas, including retail outlets in Arlington, Dallas, Fort Worth, Houston and Plano.
The 10-megawatt solar farms are in Wharton and Blossom, TX. ENGIE Resources is providing retail energy requirements. Meanwhile, Starbucks is separately investing in six Cypress Creek-owned solar farms in Texas, representing 50 megawatts of solar energy.
“Starbucks is taking a unique approach – investing in solar farms regionally to support a specific group of its stores,” said Chris Roetheli, with the U.S. Bancorp Community Development Corp. “This is a new concept and one that I think other companies are watching and may follow. It’s an interesting model that allows them to talk specifically about the impact of their investments.”
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