Please contact our Customer Service Team if you are unable to log in at clientservices@accessintel.com or 1-888-707-5814. 
Darrell Proctor
A Texas-headquartered solar power and battery energy storage developer said it has completed construction financing for a utility-scale project being built as part of a joint venture with an Israel-based group.
San Antonio-based OCI Energy, along with longtime Israeli solar power company Arava Power, said the Project SunRoper solar farm in Wharton County, Texas, represents a $394-million investment. The two companies worked with ING Capital, an international banking group, to secure financing. It’s the first project for the three companies together, and the second between OCI Energy and ING, who previously worked on funding for the Alamo City Battery Energy Storage System (BESS) project. The Alamo City installation is a 120-MW/480-MWh standalone BESS in Bexar County, Texas.
ING Capital is underwriting the financing package for SunRoper, which includes a construction-to-term loan, a tax equity bridge loan, and various letters of credit. The companies on February 23 said ING Capital serves as sole coordinating lead arranger, sole bookrunner, and sole green loan coordinator, and will also act as administrative agent. The construction financing is supported by a 20-year power purchase agreement (PPA) with an unnamed Fortune 100 company.
Other collaborators on Project SunRoper include:
“The close of construction financing for Project SunRoper represents an important milestone for OCI
Energy and our partners,” said Sabah Bayatli, president of OCI Energy. “This transaction reflects our
continued commitment to deliver high-quality, utility-scale solar projects that strengthen grid reliability
and provide affordable energy infrastructure.”
“Arava Power is entering a pivotal phase of growth, and the U.S. market is a central pillar of our long‑term
strategy,” said Ilan Zidkony, CEO of Arava Power. “Project SunRoper highlights the strength of our
collaboration with OCI Energy. Our teams have operated with exceptional alignment and a shared
commitment to excellence—securing the strongest commercial package, finalizing financing, and
completing a long‑term busbar PPA with a major U.S. energy company to advance the project toward
construction. SunRoper is a strategic milestone that supports our vision of building more than 1 GW of
solar capacity in the United States within the next two years.”
“We are grateful for the opportunity to support OCI Energy and Arava Power on the financing of Project
SunRoper,” said Sven Wellock, managing director at ING. “This project exemplifies the high‑quality
renewable infrastructure we seek to finance—a strong sponsor partnership, a long‑term contracted
revenue profile, and a well‑located asset in one of the most dynamic power markets in the United States.
We are proud to build on our existing relationship with OCI Energy and to partner with Arava Power on
its continued expansion in the U.S. market, advancing a project that will deliver reliable, affordable clean
energy for years to come.”
Project SunRoper is located about 60 miles southwest of Houston, Texas. The installation is expected to begin commercial operation in 3Q2027.
OCI Energy, founded in 2012, is a developer, owner, and operator of utility-scale solar and battery energy storage projects. The company has a diverse nationwide portfolio of projects, and is targeting up to 10 GW of generation capacity by 2028.
Arava Power is an Israeli utility-scale renewables developer and independent power producer. The company said it pioneered the Israeli utility-scale photovoltaic market in 2007. The company develops, owns, and
operates a multi-gigawatt portfolio of solar energy and energy storage assets in Israel and the U.S.
ING Capital LLC is a financial services firm serving corporate and institutional clients. The company is an indirect U.S. subsidiary of ING Bank NV, part of ING Groep NV (NYSE: ING), a global financial institution with a strong European base.
—Darrell Proctor is a senior editor for POWER.
Modern process industries are experiencing fluctuating market conditions and tight operational margins, leading chemical engineers to rely on real-time data to boost efficiency and reduce costs. Yet, many organizations are at different stages in their digital transformation journey. Some are just starting, while others are looking to optimize existing solutions. This webinar explores practical ways […]
Sponsored by dataPARC
Sponsored by RENTECH
Sponsored by technosylva
The inaugural Data Center POWER eXchange brought the data center power ecosystem together in Denver for a focused, one-day summit on the infrastructure shaping the future of digital growth. From site selection and development to operations and forward planning, DPX connected leaders across data center ownership, utilities, engineering, power generation, and technology. Watch to see […]
archives + podcasts + webinars + e-letters + video + exclusive content + events + much more!
For over 142 years, POWER has been the unwavering pillar of the power and energy industry, offering unparalleled insights on the latest trends, best practices, and news through our robust channels: print, digital media, and in-person events.
POWER is at the forefront of the global power market, providing in-depth news and insight on the end-to-end electricity system and the ongoing energy transition. We strive to be the “go-to” resource for power professionals, offering a wealth of information on innovative business practices, sound safety measures, useful productivity enhancements, and much more.
Sept. 28—30, 2026
Omni Shoreham
Washington, D.C.
Learn More
Trends, best practices, and news through: print, digital media, and in-person events. Subscribe
Exclusive E-letters to POWER up your knowledge. Sign up
© 2026 Access Intelligence, LLC – All Rights Reserved
