Tags: starbucks | power. solar | farms

Starbucks Investing in Solar Farms, Buying Power From Others

Starbucks Investing in Solar Farms, Buying Power From Others
(Robert Wilson/Assets Delivery)

Monday, 15 April 2019 11:31 AM EDT

Starbucks Corp. is boosting its investments in clean power.

The Seattle-based coffee giant is investing tax equity in a portfolio of eight Cypress Creek Renewables LLC solar farms in Texas, according to a statement Monday. Terms weren’t disclosed.

In tax-equity deals, companies passively invest in power projects in return for using renewable-energy credits that offset their own tax liabilities.

Starbucks (SBUX) also agreed to buy solar power from two of the Cypress Creek projects, in Wharton and Blossom, Texas. The 10-megawatt solar farms produce enough energy to power the equivalent of 360 Starbucks stores. The company announced in 2017 that it would buy power from a solar farm in North Carolina.

© Copyright 2026 Bloomberg News. All rights reserved.


StreetTalk
Starbucks Corp. is boosting its investments in clean power.The Seattle-based coffee giant is investing tax equity in a portfolio of eight Cypress Creek Renewables LLC solar farms in Texas, according to a statement Monday.
starbucks, power. solar, farms
111
2019-31-15
Monday, 15 April 2019 11:31 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved