The Alligator Creek Solar and Murch Solar projects are scheduled to begin commercial operations by the end of 2026.
Heelstone Renewable Energy, a Qualitas Energy company, has started construction on two solar photovoltaic (PV) projects in the US with a combined capacity of 206MW.
The projects are supported by long-term corporate power purchase agreements (PPAs) with a US hyperscale data centre developer.
The gold standard of business intelligence.
Find out more
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Find out more
The 104MW Alligator Creek Solar facility is located in Wheeler County, Georgia, and the 102MW Murch Solar project is in Van Buren County, Michigan.
Heelstone expects both plants to reach commercial operation by the end of 2026.
Non-recourse project-level financing will fund the construction and long-term operation of the two assets.
Alligator Creek reached financial close in December 2025 and Murch closed in March 2026, securing debt and tax equity commitments for each project.
For Alligator Creek, Paragon Energy Capital advised Heelstone on the financing. Stonehenge Capital offered syndication and asset management services to the production tax credit buyer, while Zions Bancorporation acted as sole coordinating lead arranger under a construction-to-term loan facility.
For the Murch project, CG/CRC-IB advised on the financing process. Stonehenge Capital supplied the tax equity investment, and ING Capital together with Norddeutsche Landesbank Girozentrale acted as coordinating lead arrangers and lenders, delivering both a tax equity bridge facility and a construction-to-term loan.
Construction of the two projects follows final investment decisions and the signing of engineering, procurement and construction contracts.
Heelstone appointed Pure Power Contractors for Alligator Creek and Greensol Renewables for Murch, moving the projects from late-stage development into the build phase.
Heelstone Renewable Energy CEO Mike Weich said: “Backed by long-term PPAs and fully structured project financing, these projects reflect our ability to originate, finance and build high-quality utility-scale renewable assets.
“The start of construction on Alligator Creek and Murch marks another important step in scaling our platform across key US markets.”
These project milestones follow Heelstone’s recent completion of a $200m senior secured corporate credit facility, which the company has stated will support its broader development and operating pipeline.
The gold standard of business intelligence.
Find out more
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Find out more
Give your business an edge with our leading industry insights.
Give your business an edge with our leading industry insights.

Future Power Technology : Power Technology Focus (monthly)
Thematic Take (monthly)
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
View all newsletters from across the GlobalData Media network.
Power industry news, data and in-depth articles on the global trends driving power generation, renewables and innovation
Powered by
© GlobalData Plc 2026

source