Clearway Energy Group has announced the completion of its 452 MW Texas Solar Nova complex in Kent County, Texas, generating electricity for over 190,000 homes annually. The USD 660 million investment will contribute USD 5.4 million in property taxes and wages in the first year. The complex will help Verizon, as the offtaker, in its target to achieve 50% of its electricity consumption through renewable energy. The project also backs SKF and Toyota Boshoku America in achieving decarbonization targets through Renewable Energy Certificate purchases. Clearway, with Mortenson, assisted local organizations during construction and secured financing commitments of USD 700 million and term loan commitments of USD 182 million from a bank consortium.
Clearway Energy completes 452 MW Texas solar project
The construction of Texas Solar Nova complex involved 400 craftworkers with 500,000 injury-free labor hours on 5,000 acres with 1.1 million solar panels. (Image Credit: Clearway Energy).
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)