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Cypress Creek Renewables Takes Over 100MW Solar Asset from Carson Power in New York

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growatt01-08-2022

Cypress Creek Renewables acquired a 100MW transmission plant from Carson Power for its New York Independent System Operators (NYISO). The project is located near Rochester, NY and is currently in the early stages. It is expected to go into service in 2026.

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Carson Power will co-develop the project and support entitlement and community engagement. Cypress Creek will lead principal development, offtake and procurement responsibilities.

Cypress Creek has built more than 11GW of storage and solar projects nationally and has a 15GW storage and solar pipeline. Cypress Creek in New York has put over 35 solar energy projects and energy storage into operation. It is also currently developing 55 additional distributed generation, utility-scale and standalone energy storage projects throughout the state. Recently, Cypress Creek received a Renewable Energy Certificate (NYSERDA) from the New York State Energy Research and Development Authority for its 130MW Bear Ridge project in Western New York.

Marisa Scavo (Director of Development at Cypress Creek) stated that “We are thrilled to start our partnership with Carson Power. We have been committed to New York’s clean energy transition for seven years and we look forward to expanding our ability to develop and advance solar energy storage and solar technology. We will establish a long-term relationship with Carson Power to provide development capital as Carson Power grows and our commitment to New York is strengthened.”

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Carson Power CEO Emilie Flanagan echoed the excitement, “We are thrilled that we have started co-development of this 100MW Solar Project in New York with Cypress Creek. This asset will be brought to NTP thanks to their expertise in utility-scale development and financing, ownership, and operations. We are thrilled to begin the foundation of what will be a great partnership with Cypress Creek in order to continue supporting the State’s clean energy transition.”

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