Project SunRoper — 347 MWdc solar, TX
Construction-to-term loan + tax equity bridge + LCs. Marks Israel-based Arava Power's entry into the US market. COD expected late 2027.
$394M
Deal Value
347MW
Capacity
Solar
Technology
TX
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- OCI Energy / Arava Power
- Buyer / Financier
- ING Capital
- Deal Value
- $394M
- Stage
- Under Construction
- ISO/RTO
- ERCOT
- Source
- GlobeNewswire
Capital Structure
$394M
Total transaction value
Finance Counterparties
Lenders & Capital Providers
- Construction Lender
- ING Capital LLC
- Coord. Lead Arranger
- ING Capital LLC
Related Deals
Pediment BESS — 250 MW / 1,000 MWh standalone battery energy storage, Mesa, Arizona
Aypa Power (Blackstone) → Société Générale, ING Capital LLC, Bank of America, Zions Bancorporation, Royal Bank of Canada, Desjardins Group
$398M
Pintail BESS (200 MW / 521 MWh, San Patricio County) + Crane BESS (200 MW / 521 MWh, Crane County) + Headcamp BESS (150 MW / 391 MWh, Pecos County) — 550 MW / 1,433 MWh combined
Lydian Energy (backed by Excelsior Energy Capital) → ING Capital LLC, KeyBank
$233M
Exus 700 MW operating/under-construction + 4.5 GW active development pipeline (Google + Meta PPAs)
Exus Renewables North America → Santander, Barclays, ING Capital, Nomura Securities (CLAs); KeyBanc (Joint Lead Arranger)
$400M
Solaire Holman 1 — Solar project, TX (ERCOT), 50 MW, COD 2017.
Public Utilities
East Pecos Solar — Solar project, TX (ERCOT), 120 MW, COD 2017.
Public Utilities
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.