Latest news with #SarahSlusser
Yahoo
25-06-2025
- Business
- Yahoo
Cypress Creek secures EFSEC recommendation on 160MW Carriger Solar project in Washington State
OLYMPIA, Wash., June 25, 2025 /PRNewswire/ -- Today Washington's Energy Facility Site Evaluation Council (EFSEC) voted to approve the Site Certification Agreement (SCA) for Cypress Creek Renewables' 160-megawatt solar project, Carriger Solar, and recommend the project to Gov. Bob Ferguson for final consideration. Approval of the SCA for Carriger Solar represents the culmination of nearly eight years of planning and environmental study, including 28 months of formal EFSEC process. Cypress Creek is deeply grateful for the engagement of stakeholders throughout this long process and for the continual leadership of EFSEC staff. Years of work and coordination have resulted in a project which avoids any unmitigable significant impacts to resources while providing important state and local benefits including clean, reliable, carbon-free power. Cypress Creek is incredibly proud of the final outcome – a project that is sited consistent with local zoning, on private land that's largely unirrigated, and without impacts to sensitive environmental or cultural resources. "We're hopeful that Governor Ferguson will recognize the thoughtful planning and siting of this project, and the benefits it provides," said Sarah Slusser, Cypress Creek CEO. "Cypress Creek is committed to responsible and thoughtful development, and we are eager to continue to work to support Washington's goals." Cypress Creek is a developer, owner, and operator of transmission and community-scale solar and storage projects across the United States. In Yakima County, Wash., Cypress Creek's Ostrea Solar project was approved in April 2023 and is currently under construction. Additional information can be found at or About Cypress Creek Renewables Cypress Creek Renewables is a leading renewables developer and independent power producer. It develops, finances, owns, and operates utility-scale and distributed solar and energy storage projects across the United States with a mission to power a sustainable future, one project at a time. Since inception, Cypress Creek has commercialized 12GW of solar projects. Today it owns more than 2GW of solar and has a 20GW solar and storage pipeline. Cypress Creek's leading O&M services business, Cypress Creek Solutions, operates and maintains more than 4GW of solar projects for customers across 24 states. View original content: SOURCE Cypress Creek Renewables
Yahoo
06-05-2025
- Business
- Yahoo
Cypress Creek secures $150m financing for Ostrea solar project, starts construction
Renewables developer Cypress Creek Renewables has begun construction of its 104MW Ostrea solar project in Yakima County, Washington, US, after securing approximately $150m in construction financing. MUFG Bank acted as the coordinating lead arranger for the financing, supported by BNP Paribas, DNB Bank ASA and Santander. Additionally, US Bank has committed to be the tax equity investor for the Ostrea solar project. The solar facility will generate sufficient electricity to power between 15,000 and 16,000 average homes in Washington annually, contributing to the region's clean energy initiatives. It is on track to achieve commercial operation by mid-2026. Cypress Creek Renewables CEO Sarah Slusser said: 'We are thrilled to have secured financing for Ostrea, our first project to reach this milestone in Washington State. 'Thanks to our strong partnerships, we are fulfilling our commitment to the state and bringing the benefits of this project – and the ones in our pipeline – to the communities that will host them.' PCL Construction's solar division, PCL Solar, is the engineering, procurement and construction contractor for the project. The project is expected to create around 250 construction jobs and generate an estimated $15m in tax revenue for Yakima County over its lifetime. MUFG Bank managing director Takaki Sakai said: 'This transaction reinforces MUFG's commitment to financing high-quality renewable energy assets that deliver long-term value. 'Cypress Creek Renewables has demonstrated strong execution capabilities and a robust pipeline, and we are pleased to support their continued growth with a tailored financing solution that aligns with our strategic focus on sustainable infrastructure and energy transition investments.' "Cypress Creek secures $150m financing for Ostrea solar project, starts construction" was originally created and published by Power Technology, a GlobalData owned brand.
