#United States #Colorado #Cypress Creek #Sundance Solar #Elbert County

Cypress Creek Renewables Secures Financial Closure on Solar-Storage Project

Cypress Creek Renewables, a front-runner in the renewable energy sector as a developer, owner, and operator of solar and energy storage solutions, recently announced its financial closure for the Sundance Solar and Energy Storage hybrid project located in Elbert County, Colorado. This promising venture will incorporate 75 MWac of solar capacity together with a 50 MW / 200 MWh battery energy storage system. Once operational, this facility is anticipated to generate sufficient energy for around 25,000 Colorado households, thereby making a significant contribution to the state's sustainable energy objectives.

Sarah Slusser, CEO of Cypress Creek Renewables, expressed that this milestone reflects the company’s unwavering commitment to the state of Colorado. Slusser stated, "With this achievement, we are eager to extend our investments and advance more initiatives throughout the region. Our aim is not only to create jobs but also to generate local tax revenue and provide dependable, cost-effective energy to communities in Colorado."

In alignment with these goals, Cypress Creek has put together a community working group in Elbert County, which is designed to oversee the proper allocation of $300,000 in direct community investments. This will ensure that the local communities feel the benefits of the project, creating a tangible impact in the region.

The project, which began construction in July 2025, is being executed by McCarthy Building Companies. It is expected to create approximately 250 construction jobs and generate more than $9.5 million in property tax revenues throughout its projected 40-year operational life.

In financing the project, MUFG Bank Ltd. (MUFG) played a pivotal role as the coordinating lead arranger, assisting with an impressive $190 million in construction financing. Also engaged in funding were BNP Paribas, DNB Bank ASA, and Santander, with Fifth Third Bank participating as the tax equity investor for the development.

Takaki Sakai, Managing Director at MUFG Bank, expressed satisfaction regarding the financing of this sustainable initiative: "This transaction signifies our ongoing commitment to financing high-quality clean energy projects that promise enduring value. We are delighted to support Cypress Creek with this solar and storage project in Colorado, which aligns perfectly with our strategic emphasis on developing sustainable infrastructure."

The Sundance Solar and Energy Storage project is slated to commence commercial operations by late 2026. Once functional, it will deliver clean and reliable energy, reinforcing Colorado’s path towards a more sustainable future.

About Cypress Creek Renewables

Cypress Creek Renewables is a leading player in the renewable energy movement, building and managing utility-scale and distributed solar and energy storage projects throughout the U.S. Since its inception, it has commercialized over 12 GW of projects, while maintaining a portfolio exceeding 3 GW of operating and under-construction energy assets. Their operations and maintenance division, Cypress Creek Solutions, oversees more than 4 GW of solar projects across 24 states.

About CORE Electric Cooperative

CORE Electric Cooperative is a community-focused, member-owned, not-for-profit electric distribution cooperative offering services to over 180,000 members throughout a 5,000-square-mile region along Colorado's Front Range. Headquartered in Sedalia with additional offices in Bennett, Pine Junction, and Woodland Park, CORE is dedicated to providing reliable power and supporting the local environment.

About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) stands as one of the world’s leading banking groups with a remarkable legacy exceeding 360 years. With a vast global presence and approximately 150,000 employees, MUFG is committed to serving all financial needs of its customers while fostering sustainable growth for a better world. Their shares are available on several stock exchanges, including Tokyo, Nagoya, and New York. To learn more, visit MUFG's website.