New Energy Solar (NES) will acquire 14 utility-scale solar plants from Cypress Creek Renewables (CCR) with capacity of 130 MW once completed in 2018. NES will take a $108m stake in CCR by the time the plants are commissioned. Ten of them will be based in Oregon and four in North Carolina. The facilities are due to sell energy according to 13- to 15-year fixed-price and escalating power purchase agreements (PPA).
New Energy Solar (NES) will acquire 14 utility-scale solar plants from Cypress Creek Renewables (CCR) with capacity of 130 MW once completed in 2018. NES will take a $108m stake in CCR by the time the plants are commissioned. Ten of them will be based in North Carolina and four in Oregon. The facilities are due to sell energy according to 13- to 15-year fixed-price and escalating power purchase agreements (PPA).