NRG, Cypress Creek Renewables developing new solar projects

Cypress Creek Renewables and NRG Energy announced a joint project where Cypress Creek will develop and operate 25 MW of solar power projects for NRG to support commercial and industrial customers.

The environmentally friendly solar power installations will be the foundation of a new type of simplified fixed-price renewable energy plan for large businesses.

Under the new plan from NRG, customers receive dedicated, locally sourced renewable energy with flexible options that best meet a company’s business, sustainability and procurement needs. The plan features variable term lengths, the ability to procure up to 100 percent of a customer’s electricity usage from a renewable resource and naming rights to the designated facility. Cypress Creek will own and operate the facilities and deliver the electricity generated to NRG and its customers under power purchase agreements.

Cypress Creek has a portfolio of more than 7 GW of solar projects in development across the country. Additionally, the company offers an experienced in-house engineering, procurement and construction team and a national operations and maintenance program.

NRG’s financial strength and energy industry expertise accelerate speed to market and help manage the risk associated with electricity production, to deliver a comprehensive, easy-to-tailor renewable energy plan to its commercial and industrial customers. By working with Cypress Creek, NRG has designed a solar solution that packages local attributes, cost effectiveness and environmental value into a simple retail product for large businesses.

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