Cypress Creek Renewables has introduced the monetary shut for the Sundance photo voltaic and power storage venture in Elbert County within the US state of Colorado.
The hybrid venture, that includes 75MW of alternating present (MWac) of photo voltaic capability and a 50MW/200 megawatt-hour (MWh) battery power storage system, is a big leap in direction of Colorado’s clear power goals.
The Sundance photo voltaic and power storage venture will present ample power to energy 25,000 properties in Colorado via the CORE Electrical Cooperative system.
This growth is consistent with the state’s dedication to harnessing clear power sources.
Development commenced in July 2025, with McCarthy Constructing Corporations appointed because the engineering, procurement and development contractor.
The venture will create 250 development jobs and generate greater than $9.5m in property tax income all through its anticipated 40-year lifespan.
Cypress Creek is actively partaking with the Elbert County neighborhood, establishing a working group to supervise the distribution of $300,000 in direct neighborhood funding.
Cypress Creek Renewables CEO Sarah Slusser acknowledged: “In the present day’s milestone underscores our long-term dedication to Colorado. Constructing on this success, we sit up for persevering with to spend money on and advance tasks throughout the state – creating jobs, producing native tax income, and delivering dependable, inexpensive and American-made power to communities.
“As we develop our presence, we stay dedicated to working intently with native leaders, neighborhood companions and state officers to make sure future tasks help financial development and energy the state’s future.”
MUFG Financial institution served because the coordinating lead arranger for the venture’s $190m development financing.
They have been joined by BNP Paribas, DNB Financial institution ASA and Santander. Fifth Third Financial institution has been named because the tax fairness investor for the venture.
MUFG Financial institution managing director Takaki Sakai acknowledged: “This transaction highlights our continued dedication to financing high-quality clear power tasks that ship lasting worth.
“We’re happy to help Cypress Creek on this hybrid photo voltaic and storage venture in Colorado. Their confirmed execution and forward-looking pipeline align with our strategic concentrate on sustainable infrastructure and the transition to a extra resilient power future, and we sit up for proceed increasing our fantastic partnership.”
The Sundance photo voltaic and power storage venture will begin business operations by late 2026.
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