Sunraycer Renewables 3-project solar+storage portfolio — Eagle Springs (77 MWac solar + 33 MWac BESS, Delta County), Lupinus 1 (161.5 MWac + 82 MWac, Franklin County), Lupinus 2 (241 MWac + 121.5 MWac, Franklin County); 479.5 MWac solar + 236.5 MWac 2-hr BESS, Texas (ERCOT)

Sunraycer Renewables closed a $901M project financing facility — construction-to-term loan, tax credit bridge loan and letter-of-credit facility — for three Texas solar-plus-storage projects (479.5 MWac solar + 236.5 MWac 2-hour BESS). MUFG led; Ally Bank, Nomura, Nord/LB and Société Générale co-arranged. Second portfolio financing in ~12 months, bringing Sunraycer total capital raised to roughly $1.6B. Eagle Springs targets 2026 COD; Lupinus projects late 2027.

Deal Details

Deal Type

Project Finance

Seller / Sponsor

Sunraycer Renewables

Buyer / Financier

MUFG Bank, Ltd. (lead); Ally Bank; Nomura Securities International, Inc.; Norddeutsche Landesbank Girozentrale (Nord/LB); Société Générale

Offtaker

Google (project PPAs)

Deal Value

$901M

Stage

Under Construction

ISO/RTO

ERCOT

Source

PR Newswire / Sunraycer Renewables