Solar Proponent grants 1.6 GW AC PPAs for Texas projects

Backed by EnCap Investments, Yorktown Partners, and Mercuria Energy, Solar Proponent LLC has executed 1.6 GW AC of PPAs across four Texas projects.

By Karthik Srivasthav G 07 Feb 2025 in Project Bytes America Bytes

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Solar Proponent secured a $300 million credit facility to meet interconnection and PPA security obligations, backed by its financial sponsors. Image Source: Solar Proponent

Solar Proponent LLC (SP), a Texas-based developer has executed 1.6 GW AC of PPA across four Texas projects in December 2024 with a leading technology company. SP is backed by EnCap Investments, Yorktown Partners, and Mercuria Energy and has secured a $300 million credit facility to fund interconnection and PPA security obligations. SP has sold a 780 MW DC project in the ERCOT South Zone, with on-site construction set to begin in early 2025. SP has also initiated construction on 1.6 GW of solar projects in the ERCOT North Zone. Additionally, SP is managing the construction of the largest solar project in the Houston Zone, expected to be operational in early 2025. SP seeks partners to contract, finance, and develop its 2.2 GW AC ERCOT portfolio.

#Texas #UtilityScaleSolar #SolarPPAs #SolarProponent

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