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Decarbonization

Cypress Creek Breaks Ground on 505 MW Hanson Solar Project with Meta Backing

Cypress Creek Renewables has reached financial close and started construction on its Hanson Solar project in Coleman County, Texas. The 505 MWdc solar farm will deliver electricity to the ERCOT grid, while Meta purchases the environmental attributes to advance its net-zero and clean-energy commitments.

The project, backed by a mix of preferred equity from a $350B global credit manager and debt financing from MUFG and SMBC, marks a major milestone for Cypress Creek’s Texas expansion. It is expected to create 300 construction jobs, generate $80M+ in local tax revenue, and come online by mid-2027.

Sarah Slusser, CEO of Cypress Creek Renewables, said:
"Securing financing for Hanson Solar is a key milestone as we expand in Texas and continue partnering with customers like Meta. Projects like this help meet the near-term need for reliable, affordable power while supporting economic growth."

With Meta targeting net-zero across its value chain by 2030, Hanson Solar is part of the company’s push to add 9.8 GW of renewable energy to U.S. grids by 2025.

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