Starbucks stores in Texas will get their electricity from solar farms under a deal announced this week.
Starbucks, Cypress Creek Renewables and U.S. Bank have teamed up on a portfolio of solar farms across the state. Cypress is one of the nation’s leading solar companies and will provide enough energy for the equivalent of 360 Starbucks stores in Texas including those in Houston, Dallas, Fort Worth, Plano and Arlington.
With the final solar farm in the portfolio now producing energy, hundreds of Starbucks stores across Texas are now powered by two, 10-megawatt Cypress Creek-owned solar farms located in Wharton and Blossom, Texas. ENGIE Resources is providing full retail energy requirements, including a structure that provides budget certainty via a fixed price and a simple retail energy supply contract.
Starbucks is separately investing in six Cypress Creek-owned solar farms in Texas, representing 50 megawatts of solar energy. In total, the portfolio of eight projects announced today is reducing carbon emissions by an estimated 101,000 tons per year, the equivalent of planting nearly 2.5 million trees.