Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • EU–China Energy Diplomacy Amid German Hydrogen Retrenchment: A Deep Dive
  • Merredin BESS Secures $220M Financing but Pays Premium over Global Battery Cost Benchmarks
  • Brazil Stakes Claim in Global Hydrogen Race with €1.3B Investment in Uberaba and Açu Projects
  • Bremen Project Collapse Reveals Fragile Economics Behind Germany’s Green Hydrogen Hopes
  • The Hydrogen Heating Mirage: Why Germany’s “H₂-Ready” Promise Risks Locking in High Costs and Low Returns
  • How Lyten’s Salvage Mission Could Upend Europe’s Battery Wars
  • Doug Wicks on Why Energy Innovation Is Broken—and How to Fix It
  • Cost and Policy Roadblocks Stall LEAG’s H2UB Boxberg Green Hydrogen Hub
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Americas
Green Hydrogen H2 News

Helios acquires solar portfolio from Cypress Creek Renewables

Anela DoksoBy Anela Dokso24/08/20202 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

Helios Infrastructure (Helios), a joint venture between Nationwide and Sol Systems, has completed project purchase from Cypress Creek Renewables. The $200+ million portfolio spans 20 projects across North Carolina, of which 97 MW are operational and 51 MW are under construction.

The portfolio is primarily composed of utility-scale assets selling energy to utilities, municipal customers, and universities.

“Helios was created with a vision of developing and owning solar projects. We look forward to seeing the positive environmental and economic benefits these projects will bring to the communities they serve.”

Clark Lloyd, Nationwide Investments solar equity portfolio manager.

In June 2018, Helios and Cypress Creek executed a framework agreement to purchase a portfolio of utility-scale solar projects under development by Cypress Creek. Since the agreement was announced, Helios has purchased and closed financing on the projects in the portfolio on a rolling basis. Helios and Cypress Creek completed the sale of the final 25 MW in the portfolio in July, 2020.

“With Nationwide and Sol Systems, we have developed a valuable, multi-year partnership around our shared mission of powering a sustainable future and investing in the North Carolina communities. The complexities inherent in a portfolio with this number of projects require a partner like Helios at the table.”

Cassidy DeLine, vice president of Project Finance, Cypress Creek Renewables.

“We value our partnership with Nationwide, as well as the opportunity to build on a long history of successful transactions with the Cypress Creek team, beginning with tax equity investments in 2015 and culminating in the completion of this master purchase.”

Jessica Robbins, senior director, Structured Finance, Sol Systems.

The 51 MW of projects under construction will create clean, renewable electricity that will benefit 20 counties and 12,000 homes per year in North Carolina, while offsetting approximately 150,000 tons of carbon annually.

Cypress Creek’s Engineering and Project Management group is overseeing the construction by Pure Power Contractors and CS Energy, which is targeting a placed-in-service date of December 2020. Upon completion, Cypress Creek O&M Services will provide operations and maintenance for the entire 20 project portfolio.

The largest project in the portfolio is Ruff, a 32MW solar site located in Ellenboro, N.C. The project was placed in service on July 27, 2020.

Share. LinkedIn Twitter Facebook Email

Related Posts

Hydrogen

EU–China Energy Diplomacy Amid German Hydrogen Retrenchment: A Deep Dive

02/07/2025
BESS

Merredin BESS Secures $220M Financing but Pays Premium over Global Battery Cost Benchmarks

02/07/2025
hydrogen

Brazil Stakes Claim in Global Hydrogen Race with €1.3B Investment in Uberaba and Açu Projects

02/07/2025
Hydrogen

Bremen Project Collapse Reveals Fragile Economics Behind Germany’s Green Hydrogen Hopes

02/07/2025
Hydrogen

The Hydrogen Heating Mirage: Why Germany’s “H₂-Ready” Promise Risks Locking in High Costs and Low Returns

02/07/2025
Battery

How Lyten’s Salvage Mission Could Upend Europe’s Battery Wars

02/07/2025
Hydrogen

EU–China Energy Diplomacy Amid German Hydrogen Retrenchment: A Deep Dive

02/07/2025
BESS

Merredin BESS Secures $220M Financing but Pays Premium over Global Battery Cost Benchmarks

02/07/2025
hydrogen

Brazil Stakes Claim in Global Hydrogen Race with €1.3B Investment in Uberaba and Açu Projects

02/07/2025
Hydrogen

Bremen Project Collapse Reveals Fragile Economics Behind Germany’s Green Hydrogen Hopes

02/07/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.