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Recently, US solar developer Cypress Creek Renewable Energy announced that it has received a $200 million investment
from Singapore-based Temasek Holdings.
The funds have been used to purchase preferred stock and warrants to obtain 10% of the common stock
.
Cypress Creek's board of directors will add two independent directors
.
Last month, Temasek Holdings, owned by the Singapore government, led an investment round that provided a $450 million credit line
to Cypress Creek.
The company said in a statement that the latest equity investment will be used to expand and deliver its project portfolio
.
CEO of Cypress Creek said, "Temasek Holdings is a patient and forward-looking partner committed to creating sustainable long-term returns, and it is this shared vision that makes our relationship so natural
.
The confidence Temasek has shown in our business model and development portfolio is a strong support for our strategy, which we look forward to gradually improving and executing
over the coming years.
" ”
He added, "Our strategic focus is to create markets, create projects and allocate funds that are driven
by the ability to navigate developmental, structural, and financial complexities and assess and price risk.
" ”
:/, please indicate the source for reprinting)
Recently, US solar developer Cypress Creek Renewable Energy announced that it has received a $200 million investment
from Singapore-based Temasek Holdings.
The funds have been used to purchase preferred stock and warrants to obtain 10% of the common stock
.
Cypress Creek's board of directors will add two independent directors
.
Last month, Temasek Holdings, owned by the Singapore government, led an investment round that provided a $450 million credit line
to Cypress Creek.
The company said in a statement that the latest equity investment will be used to expand and deliver its project portfolio
.
CEO of Cypress Creek said, "Temasek Holdings is a patient and forward-looking partner committed to creating sustainable long-term returns, and it is this shared vision that makes our relationship so natural
.
The confidence Temasek has shown in our business model and development portfolio is a strong support for our strategy, which we look forward to gradually improving and executing
over the coming years.
" ”
He added, "Our strategic focus is to create markets, create projects and allocate funds that are driven
by the ability to navigate developmental, structural, and financial complexities and assess and price risk.
" ”
:/, please indicate the source for reprinting)
/
