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Cypress Creek Closes Financing for 75‑MW Solar, 50‑MW Battery Project in Colorado

An MUFG‑led debt package with Fifth Third tax equity secures capital to keep construction on track for late‑2026 operations.

Overview

  • MUFG coordinated approximately $190 million in construction financing with participation from BNP Paribas, DNB Bank ASA, and Santander, and Fifth Third Bank is providing tax equity.
  • The Sundance project in Elbert County pairs 75 MWac of solar with a 50 MW/200 MWh battery system to deliver power into CORE Electric Cooperative’s grid for roughly 25,000 homes.
  • Construction mobilized in July 2025 with McCarthy Building Companies as EPC, and the project targets commercial operation in late 2026.
  • Developers project up to 250 construction jobs and more than $9.5 million in property tax revenue over a 40‑year operating life.
  • Cypress Creek formed a local working group in Elbert County to direct $300,000 in community investment.