Vesper Energy has finalized construction and term loan syndication for its Hornet Solar project, with investments totaling approximately $592 million. This project, located in Swisher County, Texas, spans over six square miles and will generate 600 MWac, powering 160,000 homes annually. It enhances grid stability and mitigates price volatility in ERCOT. Major banking partners, including MUFG Bank, Nord/LB, and Santander, have backed the project. The Hornet Solar project uses bifacial photovoltaic modules on a single-axis tracking system, with Blattner Energy leading the construction. The generated power is contracted to four off-take partners through Power Purchase Agreements.
Hornet Solar secures $592M funding
Hornet Solar project has secured major investment through debt syndication led by Vesper Energy. (Image Credit: Hornet Solar)
Three new solar projects from Recurrent Energy will supply 34,000 UK homes, cutting CO2 emissions by 31,000 tons annually. (Image Source: Recurrent Energy)
The ISO 14068 certification at DMEGC Solar’s Lianyungang base exemplifies sustainable practices in the photovoltaic sector. (Image Source: PRNewswire)
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)