Cypress Creek Renewables Announces Financial Close of Hybrid Solar and Storage Project in Colorado

ELBERT COUNTY, Colo., Oct. 20, 2025 /PRNewswire/ -- Cypress Creek Renewables, a leading developer, owner, and operator of solar and energy storage projects, today announced the financial close of its Sundance Solar and Energy Storage hybrid project in Elbert County, Colorado. The project will feature 75MWac of solar capacity paired with a 50MW / 200MWh battery energy storage system.

Once operational, Sundance Solar and Energy Storage will deliver enough energy into the CORE Electric Cooperative system to power about 25,000 Colorado homes, contributing to the state's clean energy goals.

"Today's milestone underscores our long-term commitment to Colorado. Building on this success, we look forward to continuing to invest in and advance projects across the state – creating jobs, generating local tax revenue, and delivering reliable, affordable, and American-made energy to communities," said Sarah Slusser, CEO of Cypress Creek Renewables.  "As we expand our presence, we remain committed to working closely with local leaders, community partners, and state officials to ensure future projects support economic growth and power the state's future."

"This hybrid solar and storage site is an integral part of our mission to improve lives and communities through choice and innovation," said Pam Feuerstein, CEO of CORE Electric Cooperative. "We're proud to partner on this project that will deliver local power to our members."

Construction mobilized in July of this year with McCarthy Building Companies serving as the EPC contractor. The project is expected to create up to 250 construction jobs and deliver more than $9.5M in property tax revenue over the project's anticipated 40-year operational life. Cypress Creek has established a community working group in Elbert County to guide the allocation of $300,000 in direct community investment, ensuring meaningful local impact.

MUFG Bank Ltd. (MUFG) served as coordinating lead arranger for approximately $190 million in construction financing, joined by BNP Paribas, DNB Bank ASA, and Santander. Fifth Third Bank is serving as the project's tax equity investor.

"This transaction highlights our continued commitment to financing high-quality clean energy projects that deliver lasting value," said Takaki Sakai, Managing Director at MUFG Bank. "We're pleased to support Cypress Creek on this hybrid solar and storage project in Colorado. Their proven execution and forward-looking pipeline align with our strategic focus on sustainable infrastructure and the transition to a more resilient energy future, and we look forward to continue expanding our wonderful partnership"

The Sundance Solar and Energy Storage project is expected to reach commercial operation by late 2026, delivering clean, reliable energy to Colorado for decades to come.

About Cypress Creek Renewables

Cypress Creek Renewables is a leading renewables developer and independent power producer. It develops, finances, owns, and operates utility-scale and distributed solar and energy storage projects across the United States. Since inception, Cypress Creek has commercialized more than 12GW of projects and has a more than 3GW portfolio of operating and under construction solar and storage assets. Cypress Creek's leading O&M services business, Cypress Creek Solutions, operates and maintains more than 4GW of solar projects for customers across 24 states.

About CORE Electric Cooperative

CORE is a member-owned, not-for-profit electric distribution cooperative providing power to more than 180,000 services inside a 5,000-square-mile area along Colorado's Front Range. Its headquarters is in Sedalia, and district offices are in Bennett, Pine Junction, and Woodland Park. Learn more at www.CORE.coop.

About MUFG and MUFG Americas

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40 countries. The Group has about 150,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to "be the world's most trusted financial group" through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english. 

MUFG's Americas operations, including its offices in the U.S., Latin America, and Canada, are primarily organized under MUFG Bank, Ltd. and subsidiaries, and are focused on Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets. MUFG is one of the largest internationally headquartered financial institutions in the Americas. For more information visit: [www.mufgamericas.com]

SOURCE Cypress Creek Renewables