Stillhouse Solar PV — 281 MWdc / 210 MWac utility-scale solar, Bell County Texas; COD achieved + ITC monetized + construction-to-term debt conversion; 15-year PPA with Hyundai Motor Group affiliates
Matrix Renewables (backed by TPG Rise Climate) announced commercial operations, ITC monetization, and concurrent construction-to-term debt conversion for Stillhouse Solar PV (281 MWdc / 210 MWac) in Bell County, Texas. The project is paired with a 15-year PPA with affiliates of Hyundai Motor Group. Lenders include MUFG, HSBC, and ING Capital; Northleaf Capital holds a minority equity stake. EPC contractor: SOLV Energy. Total project investment exceeds $380M.
$380M
Deal Value
210MW
Capacity
Solar
Technology
TX
Location
Deal Details
- Deal Type
- Tax Equity
- Seller / Sponsor
- Matrix Renewables (TPG Rise)
- Buyer / Financier
- MUFG; HSBC; ING Capital; Northleaf Capital (minority investor)
- Offtaker
- Hyundai Motor Group affiliates
- Deal Value
- >$380,000,000
- Stage
- Operational
- ISO/RTO
- ERCOT
- Source
- PR Newswire
Service Providers
Advisory & Legal
- epc
- SOLV Energy
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