Padua 2 (150 MW) + Padua 3 (200 MW) — 350 MW / 1.7 GWh battery energy storage, Bexar County, Texas (ERCOT)
Largest battery storage site in Texas (1.8 GWh including operating Padua 1 50 MW/100 MWh). Natixis sole arranger of construction + term loan + LC facility. Tesla supplies all three project phases. 5-hour discharge duration. Strategically sited at substation adjacent to retiring J.K. Spruce coal plant and aging V.H. Braunig gas plant. COD Spring 2026.
$463M
Deal Value
350MW
Capacity
1,700MWh
Storage
Battery Storage
Technology
TX
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Eolian
- Buyer / Financier
- Natixis Corporate & Investment Banking (sole arranger)
- Deal Value
- $463M
- Stage
- Construction
- ISO/RTO
- ERCOT
- Source
- Eolian / Natixis
Finance Counterparties
Lenders & Capital Providers
- constructionDebtArrangers
- Natixis
- termDebtArrangers
- Natixis
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