Cubico Sustainable Investments has officially launched operations at its 132 MWdc Crossett Solar Park in Ashley County, Arkansas.
This new facility, the second solar PV project Cubico has brought online in the past year, boosts the company’s total operational capacity in the US to over 800 MW, with an additional 2 GW in development.
A key component of Crossett’s launch is a long-term Power Purchase Agreement (PPA) with Google, designed to support the tech giant’s Midwest operations.
The agreement, facilitated by LevelTen Energy’s LEAP™ platform, aligns with Google’s 2030 commitment to 24/7 carbon-free energy across its global grid presence.
With significant energy demands expected as new data centres emerge, the partnership underscores the essential role of renewable energy in powering data-driven technology infrastructure.
Background
Crossett Solar Park, one of Arkansas’s largest utility-scale solar projects, secured tax equity financing in June 2024 with Greenprint Capital as a tax equity partner and commenced commercial operations in September.
This facility joins Cubico’s Delta’s Edge solar farm in Mississippi, connected to the Midcontinent Independent System Operator (MISO) network, further establishing Cubico’s presence in this high-growth market.
Cubico’s expansion into states like Arkansas comes as the demand for renewable power grows. Arkansas produced 1,200 GWh of solar power in 2023, and Cubico’s investments aim to capitalise on the state’s renewable transition.
“With the successful launch of Crossett Solar Park, our team continues to demonstrate its capability in delivering high-quality renewable energy projects,” says Stacey Kusters, Country Head, USA.
Google’s Amanda Peterson Corio highlighted the importance of this collaboration, stating:
“This partnership with Cubico will bring new carbon-free energy online from its Crossett facility to support our operations in the Midwest.”
Peter DeFazio of Greenprint Capital adds, “The Inflation Reduction Act has enabled innovative tax equity partnerships, unlocking new financing mechanisms that support renewable growth across the US.”
