Crooked Run
Cubico acquired the 105 MW Pender County, North Carolina solar project (Crooked Run) from Cypress Creek Renewables as part of a five-project, 580 MW US solar portfolio agreed in January 2019.
70.1MW
Capacity
Solar
Technology
NC
Location
Deal Details
- Deal Type
- Portfolio acquisition
- Seller / Sponsor
- Cypress Creek Renewables
- Buyer / Financier
- Cubico Sustainable Investments
- Deal Value
- Undisclosed
- Stage
- operating
- Source
- Cubico press release
Related Deals
Cypress Creek Renewables — $200M preferred equity (10% warrant)
Cypress Creek Renewables
$200M (Temasek-led; 10% warrants)
Cypress Creek Renewables — integrated US solar IPP/developer (~12 GW pipeline)
HPS Investment Partners; Temasek → EQT Infrastructure V
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Cypress Creek Renewables $450M debt facility — solar + storage project pipeline
Cypress Creek Renewables (EQT Infrastructure portfolio) → Lender consortium
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Summit Farms Solar — 60 MW solar, Currituck County, North Carolina (Duke)
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Buckleberry Solar — Solar project, NC (CPLE). MW not publicly disclosed.
Buckleberry Solar, LLC → Duke Energy Progress, LLC
WGL Holdings — Washington Gas Light + non-regulated power/marketing/midstream
AltaGas Ltd.
C$8.4B (~$6.4B USD; $88.25/share cash)
Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
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