FinancingClosedApril 8, 2025

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

Hybrid

Technology

TX

Location

Deal Details

Deal Type
Project Finance
Seller / Sponsor
Sunraycer Renewables
Buyer / Financier
MUFG, Nomura, Nord/LB
Deal Value
$475M
Stage
Construction
ISO/RTO
ERCOT

Finance Counterparties

Lenders & Capital Providers

Lead Arranger
MUFG
lenders
Nomura, Nord/LB

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