Cypress Creek Renewables closes on US$216 million financing for Texas PV project

Facebook
Twitter
LinkedIn
Reddit
Email
Cypress Creek already has a strong portfolio of solar-plus-storage projects, such as the one pictured here with Lockheed Martin, across the US. Image: PRNewsfoto/Lockheed Martin.

Independent power producer (IPP) Cypress Creek Renewables has closed a US$216 million financing round for its Zier Solar and Storage project in Texas.

Located in Kinney County, the project is a 208MW solar plant with a 40MW/80MWh battery energy storage system (BESS). Once completed, it will add renewable energy capacity and battery storage to the Texas grid. Construction commenced concurrent with the financial closing.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

German commercial bank Norddeutsche Landesbank Girozentrale acted as coordinating lead arranger, lender and letter of credit issuing bank alongside Rabobank, National Bank of Canada and the North American Development Bank as joint lead arrangers.

Cypress Creek said it currently had close to 2GW of solar PV developed in Texas, making it one of the leading solar companies in the state.

The company was a founding member of the ‘US Solar Buyer Consortium’ that is looking for qualified manufacturers that can commit to a long-term partnership to supply up to 7GW of solar modules per year starting from 2024 in an attempt to  catalyse the buildout of a US PV manufacturing base.

Cypress Creek CEO Sarah Slusser spoke with PV Tech Premium following the announcement about the newly formed Consortium, its objectives, market challenges and the potential advantages it holds for US manufacturing and project development.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

August 1, 2025
DSD Renewables has raised US$238 million to bolster its portfolio of solar projects in 12 US states plus the District of Colombia.
August 1, 2025
The Q3 edition of our downstream solar PV journal, PV Tech Power, is now available to download.
August 1, 2025
US solar module manufacturer First Solar saw sales and net profits increase in Q2 2025, as it forecasts a strong performance under the Trump administration’s industrial and trade policy changes.
August 1, 2025
The US Bankruptcy Court for the Southern District of Texas has approved the sale of substantially all of residential solar installer Sunnova's assets and business operations.
August 1, 2025
Western Australia network operator Western Power has confirmed it has granted two more network connection offers to two new large-scale renewable energy projects, bringing its total for 2024/25 to 759MW.
August 1, 2025
Dutch pension fund APG has agreed to provide Octopus Australia with AU$1 billion to support its solar, wind, and BESS portfolio.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK