Iron Spur Solar — 140 MWdc utility-scale solar PV, Snyder, Scurry County, Texas (ERCOT); ~317 GWh/yr expected production
Energea financed start-of-construction at the 140 MWdc Iron Spur Solar project in Snyder, Texas through a secured convertible loan facility of up to $5M (initial $762K drawn). The borrower is CT Solar One, LLC; the project has a long-term PPA with an unnamed investment-grade corporate offtaker. ERCOT-interconnected; targets ~317 GWh/yr.
$5M
Deal Value
140MW
Capacity
Solar
Technology
TX
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Energea (CT Solar One, LLC SPV)
- Buyer / Financier
- Energea (Solar in the USA Portfolio — secured convertible loan)
- Offtaker
- Investment-grade corporate offtaker (unnamed, long-term PPA)
- Deal Value
- $5M (initial $762K advanced)
- Stage
- Construction
- ISO/RTO
- ERCOT
- Source
- BusinessWire / Energea
Related Deals
Orion Solar Belt — 1.3 GW portfolio of 4 utility-scale solar projects (Orion I, Eiffel, Orion II, Orion III), Milam County, TX — 875 MWdc using 1.3M American-made First Solar modules
SB Energy Global (SoftBank / Ares Management) → J.P. Morgan, Bank of America, Morgan Stanley Renewables, Truist Bank, MUFG, Mizuho Americas, ING, SMBC, CIBC, Fifth Third Bank, Société Générale
$2.4B+
80 MW PPA from the 471 MW Mockingbird Solar Center under construction near Paris, Texas — brings project to fully contracted status
Ørsted (Mockingbird Solar Center) → Bloomberg LP
162 MWac solar offtake from 180 MWac solar project, Texas
EDP Renewables North America → Walmart
162 MW
Sypert Branch Solar Project — 260 MW solar facility in Milam County, Texas
ENGIE North America → Meta
260 MW
Liberty Solar — 100 MW solar project in Texas
Recurrent Energy (Canadian Solar) → Sustainability Roundtable Consortium
100 MW
SunZia Wind (3,515 MW) + SunZia Transmission (550-mile HVDC, 3,000 MW capacity) — largest clean energy infrastructure project in US history
Pattern Energy Group → Multiple (consortium)
$11B
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.