Greenprint Capital reposted this
Cubico Sustainable Investments has commenced operations at the 132 MWdc Crossett Solar Park in Ashley County, Arkansas. Crossett Solar Park marks Cubico’s second US solar project to enter operation in the past 12 months, bringing its total operational capacity in the country to over 800 MW, with an additional 2 GW in greenfield development. Crossett Solar Park has also secured a long-term PPA with Google, facilitated through LevelTen Energy’s Accelerated Process (LEAP™), co-developed by Google and LevelTen Energy. “With the successful launch of Crossett Solar Park, our team continues to demonstrate its capability in delivering high-quality renewable energy projects while actively developing a strong greenfield pipeline,” said Stacey Kusters, Country Head, USA for Cubico. “We are delighted to partner with Google to provide their Midwest data centres with carbon-free energy. This PPA underscores the essential role of clean energy projects in sustainably powering data centres as demand from AI and machine learning grows.” Amanda Peterson Corio, Google’s Global Head of Data Center Energy, added: “This partnership with Cubico will bring new carbon-free energy online from its Crossett solar facility in Arkansas to support our operations in the Midwest, helping power our data centres that provide digital tools and services globally. “This agreement exemplifies our scalable procurement approach, which is transforming the way clean energy is bought and sold, accelerating the development of carbon-free electricity and the jobs that come with it.” Greenprint Capital served as the tax equity partner in June for the Crossett Solar Park. Peter DeFazio, Managing Director of Greenprint Capital, commented: “We are thrilled to have partnered with Cubico on the Crossett Solar Park. The Inflation Reduction Act has enabled us to form innovative tax equity partnerships, facilitating the monetisation of tax credits for corporate taxpayers. Together, we’ve developed new financing mechanisms to support renewable energy growth nationwide.” #cleanenergy