The New Energy Capital Cleantech Infrastructure Fund announced that it has closed an investment of $20 million to fund the development and construction of solar PV power plants by Cypress Creek Renewables, LLC.
Matt McGovern, CEO of Cypress Creek Renewables said, “This investment is a critical component to our current and future success. We are excited to announce our partnership with New Energy Capital and look forward to working together as we grow our business and capitalize on solar market opportunities.”
Cypress Creek Renewables is a developer and long-term owner of solar energy projects with development assets in markets across the United States. Their business model is focused on utility-scale ground mount projects from 2-20MW AC in capacity. Cypress combines extensive development experience with a deep track record of successful transactions.
Patrick Fox, Partner at New Energy Capital Partners said, “We are thrilled to be working with Cypress Creek, they have an outstanding management team with an extensive track record of success. We’re pleased to have the opportunity to support them going forward.”