38 Degrees North Acquires 104 MW Community Solar Portfolio in Illinois from Cypress Creek
38 Degrees North has acquired a 104 MW community solar portfolio of 16 advanced projects spanning 14 counties in Illinois from Cypress Creek. The projects are expected to be placed in service by 2027 and will deliver $1.6 million in annual subscriber bill savings. The deal extends a partnership between the two companies dating back to 2018.
Transaction date: · Source: businesswire.com
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 104 MW
- Transaction price
- Not disclosed
- Buyer
- 38 Degrees North
- Seller
- Cypress Creek Energy
- Country
- United States
- Region
- Illinois
- Location
- 14 counties across Illinois, USA
- Continent
- North America
- Development status
- Under Development
- PPA
- n.a.
Technology details
16 advanced community solar projects spanning 14 counties in Illinois. Projects expected to be placed in service by 2027. Portfolio expected to deliver approximately $1.6 million in annual subscriber utility bill savings and $11 million in local tax revenue over the life of the projects.
Additional information
Transaction builds on a longstanding partnership between 38DN and Cypress Creek dating back to 2018, which includes a previous acquisition of over 85 MW of community solar assets in New York. 38DN is backed by S2G Investments, Kimmeridge Energy Management and Climate Adaptive Infrastructure.
Source
Original announcement: https://www.businesswire.com/news/home/20260608197151/en/38-Degrees-North-Acquires-104-MW-Community-Solar-Portfolio-in-Illinois-from-Cypress-Creek