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    Cypress Creek Reaches Financial Close On 208MW Solar-Plus-Storage Project In Texas, US


    September 8, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      Cypress Creek Reaches Financial Close On 208MW Solar-Plus-Storage Project In Texas, US

      • 08 Sep 2022
      • United States
      • Infrastructure

      News: Cypress Creek Renewables has secured USD216.0mn to reach financial close for construction of the 208MW Zier solar-plus-storage project in the US state of Texas. The debt financing includes the provision of a construction-to-term loan, a tax equity bridge loan and letter of credit facilities. Norddeutsche Landesbank Girozentrale was the coordinating lead arranger lender and letter of credit issuing bank along with Rabobank. National Bank of Canada and the North American Development Bank were joint lead arrangers. The project includes a 40MW/80MWh battery energy storage system, which will store output from the Electric Reliability Council of Texas, according to a press release from Cypress Creek.

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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