174 Power Global bags funding for utility-scale solar in Texas

Facebook
Twitter
LinkedIn
Reddit
Email
The developer broke ground on the Oberon project in June. Source: 174 Power Global

174 Power Global has wrapped up construction financing for the US$210 million, 150MW first phase of its solar farm in Ector County, northwest Texas, clinching funding from a group of global banks.

France’s Credit Agricole Corporate and Investment Bank and South Korea's Korea Development Bank are supplying construction and term debt for the Oberon solar project. J. P. Morgan Chase is providing an eight-year solar hedge in exchange for a share of the project’s output, while an unnamed investor is providing tax equity for the first phase.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The developer, which is the US solar arm of South Korean conglomerate Hanwha Group, broke ground on the project in June. It expects phase one of the project to be complete by the spring of 2020.

The facility will be equipped with more than 560,000 Q CELL modules made by its parent company.

174 Power Global switched on its 182MW Midway solar project, also in Texas, in December 2018. It also owns the operational 100MW Laguna solar site in northern Mexico and is currently building a 300MW project in Boulder City contracted to supply power to both of Nevada’s operating companies.

The Solar Energy Industries Association estimates that 4GW of capacity will be installed in the sun-drenched state over the next five years, making it the third fastest growing market in the US.

It currently ranks sixth in overall solar capacity, a drop from second place in 2018 that the SEIA attributes to “environmental regulations and various market pressures”, forcing a significant amount of generation out of the market.

US solar prospects amid PPA uptake and a changing policy landscape will take centre stage at Solar Media's Solar & Storage Finance USA, to be held in New York on 29-30 October 2019

21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.

Read Next

October 8, 2025
Despite policy headwinds on the federal level, there is optimism for the future of the US solar and storage sector.
October 7, 2025
Doral Renewables has secured a PPA with an unnamed 'corporate buyer' for its 430MW Cold Creek solar-plus-storage project in Texas.
October 7, 2025
US independent power producer (IPP) Arevon has begun operations at two utility-scale solar projects in Indiana.
October 3, 2025
EDF Renewables and Enlight Renewable Energy have advanced solar-plus-storage projects in New Mexico and Arizona.
October 3, 2025
SunStrong Management has raised US$900 million to refinance a 'large portfolio' of residential solar assets developed by SunPower.
October 2, 2025
The Indian Department of Commerce has launched an antidumping investigation on solar encapsulants originating or exported from South Korea, Vietnam and Thailand.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK