Leeward Renewable Energy secures US$180 million financing for solar project in Texas

Facebook
Twitter
LinkedIn
Reddit
Email
The Horizon solar facility will be operational this year. Image: Unsplash

Renewable energy company Leeward Renewable Energy has closed financing for its 200MW solar project ‘Horizon solar facility’ in Texas. 

The company secured US$75 million in green loan construction financing from MUFG Bank. According to Leeward Renewable Energy, the fund was issued under the green loan principles, which aim to facilitate and support environmentally sustainable economic activity. At the same time, Leeward Renewable Energy obtained about US$105 million tax equity commitment from Wells Fargo. 

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

“This project is another important step toward making solar power ever more affordable and accessible, thereby facilitating the much-needed transition to renewable energy sources,” said Beth Waters, managing director of project finance at MUFG. 

The latest project is expected to reach commercial operation later in 2023. It will be Leeward Renewable Energy’s fifth solar PV project in the US, and its second solar project in Texas, after Barilla Solar in Reeves County.

The financing for the Horizon solar facility is an extension of Leeward Renewable Energy’s Big Plain and Oak Trail solar projects. Last November, Leeward Renewable Energy closed financing for 296MW worth of solar PV projects in Ohio and North Carolina. MUFG Bank and Wells Fargo provided the financing. MUFG put up about US$420 million in construction financing and Wells Fargo provided a US$195 million tax equity commitment.

The Big Plain Solar project in London, Ohio, is a 196MW facility, and the Oak Trail Solar facility near Moyock, North Carolina, is expected to have a 100MW capacity.

Read Next

August 31, 2025
Renewables developer and independent power producer (IPP) TagEnergy has acquired Australian developer ACE Power, adding 6GW of renewable energy and storage projects to its portfolio.
August 29, 2025
Independent power producer (IPP) Verano Energy has closed a US$204 financing for a 83MW/660MWh solar-plus-storage project in Chile.
August 13, 2025
Juniper Green Energy has secured INR17.39 billion (US$197 million) in debt financing from government-backed Indian Renewable Energy Development Agency (IREDA). 
August 12, 2025
Australia’s New South Wales has increased its renewable energy targets to 16GW of new clean power generation by 2030 and 42GWh of long-duration energy storage (LDES) by 2034.
August 1, 2025
Dutch pension fund APG has agreed to provide Octopus Australia with AU$1 billion to support its solar, wind, and BESS portfolio.
July 31, 2025
Leeward Renewable Energy has started construction at the Twelvemile 1 and 2 solar projects in Oklahoma, which have a capacity of 152MW.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines