Developer Closes Financing On 270 MW Texas Solar Project, Purchaser Of Energy & RECs Disclosed

Cypress Creek Renewables said that it has closed financing on Shakes, a 270MW solar project located in Dimmit County, Texas.

The Shakes solar project is currently under construction and expects to reach commercial operation during the second half of 2022. Cypress Creek will be the long-term owner and operator of the project.

Morgan Stanley, through one of its subsidiaries, is the tax equity provider and Nord/LB, Rabobank, Helaba and National Bank of Canada provided the project finance debt.

The energy and renewable energy credits generated by the project have been sold to Axpo US, an affiliate of Axpo Solutions

Cypress Creek has 1,380 MW of solar developed in Texas