Ash Creek Solar — 408 MW utility-scale solar, Hill County, Texas (ERCOT)
One of Microsoft's largest single Texas solar PPAs. Project financing announced March 2024. SOLV Energy as EPC. Operational late 2024. Note: Existing entry fin-2025-005 (Feb 2025) covers $588M financing close — but the PPA + initial financing was actually March 2024.
$588M
Deal Value
408MW
Capacity
Solar
Technology
TX
Location
Deal Details
- Deal Type
- Power Purchase & Offtake
- Seller / Sponsor
- Primergy Solar (Quinbrook Infrastructure Partners)
- Buyer / Financier
- Multiple ($588M project debt + $350M tax equity ~$1B total)
- Offtaker
- Microsoft
- Deal Value
- $588M project finance + $350M tax equity (~$1B total)
- Stage
- Construction
- ISO/RTO
- ERCOT
- Source
- Primergy Solar
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