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Starbucks makes ‘two-sided’ investment in Texas solar farms

April 16, 2019

Starbucks Corp. is boosting its investments in clean power.

The Seattle-based coffee giant is investing in tax equity from a portfolio of eight Cypress Creek Renewables LLC solar farms in Texas, according to a statement Monday. Terms weren’t disclosed.

In tax-equity deals, companies passively invest in power projects in return for using renewable-energy credits that offset their own tax liabilities.

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