Starbucks is stepping towards Renewable Energy Investments
Starbucks Coffee Company, Cypress Creek Renewables, and U.S. Bank announced they 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.
Starbucks investing in solar energy
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 30i. 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.
Cypress Creek is a leading developer, investor, builder and operator of solar energy generating assets in regulated and deregulated markets across the United States. The company has successfully developed more than 3.5 gigawatts of solar.
Matthew McGovern, CEO of Cypress Creek Renewables stated, “Cypress Creek is thrilled to join forces with Starbucks, U.S. Bank and Engie to provide a locally-sourced solar product to energize Starbucks Texas stores. Starbucks and other forward-looking companies are carrying out their bold renewable energy targets, and Cypress Creek is proud to provide the innovative and tailored energy solutions needed to bring their vision to life.”
Rebecca Zimmer, Starbucks director of global environmental impact stated, “At Starbucks, we are proud of our 30-year legacy in environmental leadership as we know the planet is our most important partner. Our long-standing commitment to renewable energy supports our greener retail initiative and demonstrates our aspiration to sustainable coffee, served sustainably. Now, we are investing in new, renewable energy projects in our store communities, which we know is something our partners and customers can appreciate for their local economy and for the environment.”