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Primergy bags further US$350 million for 408MW Texas solar project

2024.10.21

Primergy has a power purchase agreement in place with tech giant Microsoft for the entirety of Ash Creek’s capacity. Image: Primergy.

US solar project developer Primergy Solar has closed US$350 million in tax equity financing for a 408MWac solar project in Hill County, Texas.

This brings the total capital funding for the Ash Creek project to over US$900 million, following a US$588 million raise for construction and credit loans in March this year. Construction is currently underway at the site, which Primergy acquired from developer Orion Power Generation in 2021, and the project is expected to begin operations in “early 2025”.

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