Cypress Creek closes financing for Meta-backed Hanson Solar in Texas

• Cypress Creek reached financial close on the 396-MWac/505-MWdc Hanson Solar project in Texas, clearing the way for construction of a major ERCOT asset.

Cypress Creek Renewables has hit financial close on the Hanson Solar project in Texas—396 MWac (505 MWdc)—unlocking procurement and the start of construction on one of the state’s larger utility-scale PV builds. With Meta involved as a key offtaker, the project pairs bankable engineering with investment-grade demand in a market that craves midday supply and evening flexibility.

The design will be familiar to ERCOT watchers: high-efficiency, often bifacial modules on single-axis trackers to stretch output into morning and evening shoulders; DC/AC ratios tuned for annual yield; and plant-level controls aligned with ERCOT’s grid code for reactive power, ramp limits and ride-through. Unified SCADA with string-level telemetry supports predictive maintenance—thermal imaging, IV-curve tracing and targeted cleaning—to squeeze out basis points of extra availability.

Financial close is the inflection point. It locks pricing and delivery windows for long-lead electrical gear—power transformers, MV switchgear, protection systems—that often dictate schedules more than civil works. It also formalizes lender and tax-credit structures, with acceptance testing and performance covenants that keep build quality and early-life output on a short leash.

Meta’s role matters beyond branding. Corporate offtake reduces merchant exposure and can improve debt terms, while helping the buyer advance 24/7 carbon goals with hour-by-hour matching. For ERCOT, incremental daytime megawatt-hours moderate prices and gas burn on hot afternoons; if the site preserves pad space and transformer headroom for a future two- to four-hour battery, it can later shift energy into the dusk peak and monetize ancillary services.

Community and environmental measures are now standard in Texas: traffic and dust controls during construction, drainage sized for downpours, wildlife-friendly fencing and end-of-life recycling plans for modules and balance-of-plant components. Staged energization can bring blocks online sooner, generating revenue while the rest of the site completes.

Bottom line: with financing secured and shovels heading to the field, Hanson Solar is poised to turn strong Texas irradiance—and a marquee offtaker—into dependable, grid-friendly megawatt-hours.