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Two utility-scale solar PV developments in Texas have moved forward, with construction underway on a 347MW facility and financial closure achieved for a pair of solar-plus-storage projects.
US independent power producer OCI Energy and Israeli IPP Areva Power have commenced site work on the 347MW SunRoper solar PV project in Wharton County, Texas. Commercial operation is slated for December 2027. The facility is supported by a long-term power purchase agreement with an undisclosed Fortune 100 company and is expected to contribute substantial new generation capacity to the Houston metropolitan area, a major US demand hub. ING is providing financing for SunRoper, with WHC serving as the construction contractor. OCI Energy’s president noted that the venture illustrates how collaborative efforts can address Texas’s rising electricity needs through investments in essential energy infrastructure. OCI Energy operates as the US arm of Korean chemicals manufacturer OCI Holdings. Construction financing for SunRoper was finalized in February 2026 by OCI, Areva, and ING, with participation from US bank BHI and Israel’s Bank of Hapoalim.
The two IPPs have worked together in Texas’s solar sector since 2021, when Areva purchased the 270MW SUNRAY project in Ulvade County from OCI Energy. In May 2026, Areva took a 50% interest in OCI Energy’s La Salle solar project in Texas. That 670MW facility is projected to reach commercial operation in 2028, at which point it would become the largest single-site solar installation in OCI’s portfolio.
Sunraycer, an IPP headquartered in Maryland, has secured financing for two Texas solar-plus-storage developments totaling 310MW of solar PV and 250MWh of battery storage. Monarch Private Capital, an investment firm specializing in federal tax credit-related projects, supplied the funds as tax equity for both installations, though specific amounts were not revealed. The developments are the 127MW/100MWh Midpoint solar project in Hill County and the 183MW/150MWh Gaia project in Navarro County. Both are partially underpinned by Environmental Attribute Purchase Agreements with tech company Meta, signed in May 2025, and achieved full-scale operation in the first half of 2026. A Monarch partner stated that completing Midpoint and Gaia marks a key step in the firm’s goal of funding energy infrastructure that offers strong investor returns and lasting societal benefits. Sunraycer’s chief executive praised Monarch’s tax equity expertise as crucial to bringing the projects online. In April 2025, Sunraycer had arranged $475 million in project financing for Gaia and Midpoint. Additionally, the company is advancing the 400MW Lupinus project in Texas, which is backed by a power purchase agreement with Google.
Interactive table based on the Store Companies dataset for this report.
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Largest solar manufacturer globally
Leading monocrystalline silicon producer
Major module and cell producer
High-efficiency cell and module maker
Global manufacturer and project developer
Major player in US and EU markets
Integrated PV product manufacturer
Leading thin-film CdTe manufacturer
World's largest solar cell producer
ABC cell technology leader
Major LED component and display maker
Pioneer and major supplier of LED chips
Historically leading innovator in LED technology
Leading European optoelectronics supplier
High-power LED and automotive lighting
One of world's largest LED chip producers
Major LED packaging and component supplier
Leading Taiwanese LED chip manufacturer
Innovator in WICOP and SunLike technologies
LED components for automotive and IT
IBC cell technology leader
Solar project developer and manufacturer
Integrated PV manufacturer
Historically significant in both fields
Rapidly growing cell and module producer
Solar manufacturing arm of Chint Group
Module manufacturer with US focus
Leading Indian solar manufacturer
LED packaging and lighting solutions
Major LED packaging company
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