Sundance Solar and Energy Storage — 75 MWac solar + 50 MW / 200 MWh BESS, Elbert County, Colorado
~$190M construction financing led by MUFG with BNP Paribas, DNB Bank ASA, and Santander. Tax equity from Fifth Third Bank. EPC by McCarthy Building Companies. CORE Electric Cooperative offtake (powers ~25,000 CO homes). COD expected late 2026. 40-year project life; generates $9.5M+ in property taxes.
$190M
Deal Value
75MW
Capacity
200MWh
Storage
Solar + Storage
Technology
CO
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Cypress Creek Renewables
- Buyer / Financier
- MUFG (coordinating lead arranger) / BNP Paribas / DNB Bank ASA / Santander; Fifth Third Bank (tax equity)
- Offtaker
- CORE Electric Cooperative
- Deal Value
- ~$190M
- Stage
- Under Construction
- ISO/RTO
- WECC
Capital Structure
Tranches
- Construction debt facility · MUFG Bank Ltd. (coordinating lead arranger), BNP Paribas, DNB Bank ASA, Santander
- $190M
- Tax equity · Fifth Third Bank
- —
Service Providers
Advisory & Legal
- epc
- McCarthy Building Companies
Finance Counterparties
Lenders & Capital Providers
- Coord. Lead Arranger
- MUFG
- participants
- BNP Paribas, DNB Bank ASA, Santander
- Tax Equity
- Fifth Third Bank
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Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
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