D. E. Shaw Renewable Investments and Torch Clean Energy Announce Financial Notice to Proceed for Hunter Solar
D. E. Shaw Renewable Investments (DESRI) and Torch Clean Energy (Torch) announced today that they have reached financial notice to proceed on Hunter Solar, a 75 MW solar facility in Arapahoe County, Colorado that was initially developed by Cypress Creek Renewables, LLC, and was acquired in a joint venture between DESRI and Torch. Hunter Solar has two power purchase agreements in place, one with CORE Electric Cooperative (CORE) and the other with Holy Cross Energy (HCE), collectively for the full capacity of the project. Pam Feuerstein, Chief Operating Officer of CORE, said the Hunter Solar arrangement is “a win-win for all involved” and that CORE “looks forward to providing additional low-cost renewable energy to its members through the Hunter Solar project.” Bryan Hannegan, President and Chief Executive Officer of HCE said, “HCE is pleased to be working with DESRI and Torch to bring online the new Hunter Solar project that supports our journey to 100% clean energy plans.”
