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Starbucks turns to renewable energy to power 360 Texas stores

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Starbucks, Cypress Creek Renewables and U.S. Bank are teaming up on a portfolio of solar farms across Texas that will be used to power hundreds of stores.

Starbucks, Cypress Creek Renewables and U.S. Bank are teaming up on a portfolio of solar farms across Texas that will be used to power hundreds of stores.

As part of the deal, two solar farms developed, built and now operated by Cypress Creek, will provide enough energy for the equivalent of 360 Starbucks stores in Lone Star State, including stores in Houston, Dallas, Fort Worth, Plano and Arlington.

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Investing in green energy is one way Starbucks supports its aspiration of sustainable coffee served sustainably. Starbucks is the number one purchaser of renewable electricity in its sector on the Environmental Protection Agency’s Green Power Partnership Retail Top 30.

With the final solar farm in the portfolio now producing energy, hundreds of Starbucks stores across Texas are now powered by two, 10-megawatt Cypress Creek-owned solar farms located in Wharton and Blossom, Texas. E

NGIE Resources is providing full retail energy requirements, including a structure that provides budget certainty via a fixed price and a simple retail energy supply contract.

Starbucks is separately investing in six Cypress Creek-owned solar farms in Texas, representing 50 megawatts of solar energy. In total, the portfolio of eight projects announced today is reducing carbon emissions by an estimated 101,000 tons per year, the equivalent of planting nearly 2.5 million trees.

Rebecca Zimmer, Starbucks director of global environmental impact, said: “Our long-standing commitment to renewable energy supports our greener retail initiative and demonstrates our aspiration to sustainable coffee, served sustainably. Now, we are investing in new, renewable energy projects in our store communities, which we know is something our partners and customers can appreciate for their local economy and for the environment.”

Investing in green energy is one way Starbucks supports its aspiration of sustainable coffee served sustainably.

The U.S. Bancorp Community Development Corporation (USBCDC), the tax credit division of U.S. Bank, brought Cypress Creek and Starbucks together to facilitate the transaction and provided a portion of the tax equity investment.

This is the second time Starbucks and U.S. Bank have worked together to develop and finance a solar project, having previously worked on a 47-megawatt solar farm in Maxton, NC that powers 600 Starbucks stores.

As part of the deal, two solar farms developed, built and now operated by Cypress Creek, will provide enough energy for the equivalent of 360 Starbucks stores in Lone Star State, including stores in Houston, Dallas, Fort Worth, Plano and Arlington.

Investing in green energy is one way Starbucks supports its aspiration of sustainable coffee served sustainably. Starbucks is the number one purchaser of renewable electricity in its sector on the Environmental Protection Agency’s Green Power Partnership Retail Top 30.

With the final solar farm in the portfolio now producing energy, hundreds of Starbucks stores across Texas are now powered by two, 10-megawatt Cypress Creek-owned solar farms located in Wharton and Blossom, Texas. E

NGIE Resources is providing full retail energy requirements, including a structure that provides budget certainty via a fixed price and a simple retail energy supply contract.

Starbucks is separately investing in six Cypress Creek-owned solar farms in Texas, representing 50 megawatts of solar energy. In total, the portfolio of eight projects announced today is reducing carbon emissions by an estimated 101,000 tons per year, the equivalent of planting nearly 2.5 million trees.

Rebecca Zimmer, Starbucks director of global environmental impact, said: “Our long-standing commitment to renewable energy supports our greener retail initiative and demonstrates our aspiration to sustainable coffee, served sustainably. Now, we are investing in new, renewable energy projects in our store communities, which we know is something our partners and customers can appreciate for their local economy and for the environment.”

Investing in green energy is one way Starbucks supports its aspiration of sustainable coffee served sustainably.

The U.S. Bancorp Community Development Corporation (USBCDC), the tax credit division of U.S. Bank, brought Cypress Creek and Starbucks together to facilitate the transaction and provided a portion of the tax equity investment.

This is the second time Starbucks and U.S. Bank have worked together to develop and finance a solar project, having previously worked on a 47-megawatt solar farm in Maxton, NC that powers 600 Starbucks stores.

Tags : operatorsrenewable energyStarbucks
Andrew Seymour

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