FinancingUnder ConstructionPress / newsMarch 17, 2026

Lupinus I & II Solar + BESS (520 MWdc solar / 411 MWh, Franklin County TX) + Eagle Springs Solar + BESS (100 MWdc solar / 66 MWh, Hopkins County TX) — 620 MWdc total portfolio, Northeast Texas

Sunraycer Renewables (backed by Crayhill Capital Management) breaks ground on a 620 MWdc solar + 477 MWh BESS portfolio in Northeast Texas. Lupinus I+II (520 MWdc / 411 MWh) in Hagansport, Franklin County targets early 2028 COD; Eagle Springs (100 MWdc / 66 MWh) in Lake Creek, Hopkins County targets November 2026 COD. McCarthy Building Companies is EPC contractor. e-STORAGE (Canadian Solar) supplying BESS for Eagle Springs.

Share on LinkedIn Source: PR Newswire / Sunraycer Renewables →

Deal Value

620MW

Capacity

477MWh

Storage

Solar

Technology

Location

Project: Lupinus I & II Solar + BESS (520 MWdc solar / 411 MWh, Franklin County TX) + Eagle Springs Solar + BESS (100 MWdc solar / 66 MWh, Hopkins County TX)Asset profile →

MarketsTexas Solar ERCOT

Deal Details

Deal Type: Project Finance
Seller / Sponsor: Sunraycer Renewables (Crayhill Capital Management)
Stage: Under Construction
ISO/RTO: ERCOT
Source: PR Newswire / Sunraycer Renewables

Capital Structure

$901M

Total transaction value

Tranches

Construction-to-term loan · MUFG Bank Ltd; Ally Bank; Nomura Securities International Inc; Norddeutsche Landesbank Girozentrale; Societe Generale: —
Tax credit bridge loan · MUFG Bank Ltd; Ally Bank; Nomura Securities International Inc; Norddeutsche Landesbank Girozentrale; Societe Generale: —
Letter of credit facility · MUFG Bank Ltd; Ally Bank; Nomura Securities International Inc; Norddeutsche Landesbank Girozentrale; Societe Generale: —