241 MWac solar + 125 MWac BESS across two Texas projects: Gaia (143 MWac solar + 75 MWac BESS, Navarro County) and Midpoint (97.5 MWac solar + 50 MWac BESS, Hill County)
Sunraycer's inaugural project financing. Construction-to-term loan + tax credit bridge loan (IRA transferability) + LC facility. Total capital raised: $675M over 6 months. COD expected 2025.
$475M
Deal Value
241MW
Capacity
500MWh
Storage
Solar + Storage
Technology
TX
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Sunraycer Renewables
- Buyer / Financier
- MUFG, Nomura, Nord/LB
- Deal Value
- $475M
- Stage
- Under Construction
- ISO/RTO
- ERCOT
- Source
- Sunraycer Renewables
Capital Structure
$475M
Total transaction value
Finance Counterparties
Lenders & Capital Providers
- Lead Arranger
- MUFG
- lenders
- Nomura, Nord/LB
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