EQT Infrastructure has acquired Cypress Creek Renewables (Cypress Creek), a solar and storage energy company that develops, owns, and operates projects in 25 states. The company has 1.6 GW in operating assets.
Headquartered in Stockholm, Sweden, EQT Infrastructure is a global investment organization with portfolio companies in Europe, Asia-Pacific, and the Americas. The acquisition of Cypress Creek marks EQT Infrastructure’s first acquisition of a renewable energy platform in the United States. EQT Infrastructure will support Cypress Creek’s continued growth and strategic vision through development pipeline execution, fleet optimization and expansion, and scaling of the operations and maintenance services business.
“Cypress Creek plays a critical role in North America’s renewable energy development and infrastructure market. Its platform is optimally situated to benefit from tailwinds of increasing and durable demand for clean and responsible energy,” said Alex Darden, a partner within EQT Infrastructure’s advisory team. “EQT is excited to invest in and partner with CEO Sarah Slusser and the entire Cypress Creek team as the company pursues its next phase of growth and strategic vision. This investment aligns directly with our thematic approach of investing in sustainable businesses that have a positive impact on society. As a responsible investor, we are committed to working with Cypress Creek on transforming and supporting North America’s green energy future.”
“Cypress Creek Renewables is thrilled to have EQT backing our talented team and multi-year growth plan, centered on our mission of powering a sustainable future, one project at a time,” said Sarah Slusser, CEO of Cypress Creek. “With EQT, we will accelerate our sustainable growth in developing the highest-value solar and storage energy projects, providing best-in-class operation and maintenance services for ourselves and our customers, and expanding our fleet of operating assets.”