Temasek leads $450m Cypress Creek backing
Cypress Creek Renewables, an integrated renewable energy firm, has secured a US$450 million facility from a consortium of investors including Temasek. Proceeds will be utilized to support the ongoing development, construction and acquisition of solar assets located throughout the United States.
Cypress Creek Renewables develops, builds, finances and operates solar-generating assets throughout the United States.
Temasek, an investment company headquartered in Singapore, has leaded the deal. The company has, which has 10 offices globally, including New York and San Francisco in the U.S., London in Europe, Beijing and Shanghai in China, and Mumbai in India, owns a S$275 billion (US$197 billion) portfolio as of March 31, 2017, mainly in Singapore and the rest of Asia.
Hawk Hill Group provided business consulting and administrative services to Temasek, with MVP Capital providing investor identification services to Cypress Creek.
Matt McGovern, Cypress Creek Renewables CEO stated:
“This agreement accelerates our mission to put as much solar in the ground as soon as possible. We are excited at the opportunity to further build the business with support from Temasek and our other partners.”
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