US independent power producer (IPP) Cypress Creek Renewables has achieved financial close on its 75MW Sundance solar-plus-storage project in Elbert County, Colorado.

The solar project will be co-located with a 50MW/200MWh battery energy storage system (BESS), and the developer expects commercial operation to begin in “late 2026”. Cypress Creek began construction on the project in July of this year, and expects Sundance to be in operation for 40 years, supplying power to the CORE Electric Cooperative, a utility operating in Colorado.

Try Premium for just $1

Full premium access for the first month at only $1
Converts to an annual rate after 30 days unless cancelled
Cancel anytime during the trial period

Start $1 Trial

Premium Benefits

Expert industry analysis and interviews
Digital access to PV Tech Power journal
Exclusive event discounts

Or get the full Premium subscription right away

Get Premium Subscription

Or continue reading this article for free

Get Basic (FREE) Subscription

Japanese bank MUFG served as the coordinating lead arranger for the deal, providing around US$190 million in construction financing, with BNP Paribas, DNB Bank ASA and Santander involved. Fifth Third Bank served as the project’s tax equity investor; last week, Ronak Maheshwari, director of US renewable energy investment bank CRC-IB, told PV Tech Premium that securing equity has become a key challenge for many project developers.

“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 the CORE Electric Cooperative. “We’re proud to partner on this project that will deliver local power to our members.”

The news follows the start of commercial operations at another Cypress Creek solar-plus-storage plant, the 208MW Zier Solar + Storage project in Texas, last year. The developer also completed financing for a 104MW standalone solar project in Washington state earlier this year, securing finance for projects at a time when Maheshwari said raising capital is becoming “harder and harder” for US renewables.

UPCOMING EVENT

PV ModuleTech USA 2026

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 2028 and beyond.

UPCOMING EVENT

PV CellTech USA 2026

13 October 2026

San Francisco Bay Area, USA

PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 13-14 October 2026 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023, 2024 and 2025 were a sell out success and 2026 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.