Overview
- The SunRoper project, which broke ground on Tuesday in early September, has begun construction on roughly 347 MWdc of solar capacity in Wharton County, Texas.
- Developers OCI Energy and Arava Power say commercial operations are targeted for December 2027 and that the project will export power to the ERCOT grid serving the Houston region.
- ING is acting as sole coordinating lead arranger and is providing a construction-to-term loan and a tax-equity bridge loan, while WHC has been awarded the engineering, procurement and construction contract.
- A long-term power purchase agreement with a large U.S. corporate buyer has been announced for part of the project's output, which developers say underpins the project's revenue profile.
- The build represents an estimated $394 million investment and is expected to create local construction jobs and add generation to meet rising demand, though one outlet reported a differing 260 MW figure for the project.