Starbucks Coffee Company, Cypress Creek Renewables and US Bank are teaming up on a portfolio of solar farms across Texas. As a part of the deal, two solar farms developed, built and now operated by Cypress Creek, one of the nation’s leading solar companies, are providing enough energy for the equivalent of 360 Starbucks stores in Lone Star State, including stores in Houston, Dallas, Fort Worth, Plano and Arlington. For more information see the IDTechEx report on Distributed Generation: Minigrid Microgrid Zero Emission 2018-2038.
Investing in green energy is one way Starbucks supports its aspiration of sustainable coffee served sustainably.
Starbucks is the number one purchaser of renewable electricity in its sector on the Environmental Protection Agency’s Green Power Partnership Retail Top 30. Not only is Starbucks continuing to lead the way in purchasing renewable energy to reduce its environmental impact, the company is also being more regionally intentional with its approach by investing in local projects to directly support the markets where it has stores. This relationship with Cypress Creek and U.S. Bank is an example of that strategic approach at work.
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.