Starbucks Selects Retail Supplier To Manage Solar Power Purchased For 360 Stores In Texas
April 15,2019
Starbucks Coffee Company, Cypress Creek Renewables and U.S. Bank today announced they are teaming up on a portfolio of solar farms across Texas. As a part of the deal, two solar farms developed, built and now operated by Cypress Creek are providing enough energy for the equivalent of 360 Starbucks stores in the Lone Star State, including stores in Houston, Dallas, Fort Worth, Plano and Arlington.
ENGIE 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.
The two solar farms currently serving Starbucks are two, 10-megawatt Cypress Creek-owned solar farms located in Wharton and Blossom, Texas.
Starbucks is separately investing in six Cypress Creek-owned solar farms in Texas, representing 50 megawatts of solar energy.