Cypress Creek Renewables has secured financing for its Sundance Solar and Energy Storage project in Elbert County, Colorado. Construction began in July 2025 and continues on schedule.
The hybrid project features 75 MWac of solar panels paired with a 50 MW / 200 MWh battery system, providing power to the CORE Electric Cooperative. Once fully operational in late 2026, the facility will supply electricity for about 25,000 homes.
McCarthy Building Companies is overseeing the construction as the EPC contractor. The development is expected to create up to 250 jobs and generate more than $9.5 million in property taxes over the 40-year lifetime of the project. A local working group will manage $300,000 in community investments tied to the project.
The $190 million financing package was led by MUFG Bank Ltd., with BNP Paribas, DNB Bank ASA, and Santander also participating. Fifth Third Bank is providing tax equity.
“Securing this financing demonstrates our commitment to Colorado communities,” said Sarah Slusser, CEO of Cypress Creek Renewables. “We are focused on delivering reliable, affordable, and locally sourced clean energy.”
The project is part of a national trend of combining solar generation with battery storage to support grid reliability while taking advantage of Inflation Reduction Act incentives. The trend is mirrored in Arizona, where Torch Clean Energy and Fluence Energy are collaborating on a large-scale solar-plus-storage project in Cochise County. Torch is managing development, and Fluence is providing its Gridstack Pro 5000™ battery system. Announced in October 2025, the facility will integrate with two existing 80 MW solar arrays, adding storage capacity to support grid stability in the region.
Torch Project Factsheet: Sundance Solar and Energy Storage
Location: Elbert County, Colorado
Owner: Cypress Creek Renewables
Off-taker: CORE Electric Cooperative
Technology: Hybrid solar-plus-battery energy storage system
Solar Capacity: 75 MWac
Battery Capacity: 50 MW / 200 MWh
Construction Start: July 2025
Expected Operation: Late 2026
EPC Contractor: McCarthy Building Companies
Financing Lead Arranger: MUFG Bank Ltd.
Financing Participants: BNP Paribas, DNB Bank ASA, Santander
Tax Equity Investor: Fifth Third Bank
Financing Value: $190 million
Estimated Jobs: Up to 250 construction positions
Projected Property Tax Revenue: $9.5 million (over 40 years)
Community Investment: $300,000 (local working group)
Power Output: Enough for 25,000 homes
