Sunraycer Renewables has finalised a $901m project financing facility towards the development and operation of three solar and battery storage projects in Texas, US.
The projects will have a combined capacity of 479.5MW-alternating current (MWac) of solar power and 236.5MWac of battery storage
The banks involved in the financing are MUFG Bank, Ally Bank, Nomura Securities International, Norddeutsche Landesbank Girozentrale and Société Générale. The portfolio comprises three projects; Eagle Springs in Delta County with 77MWac of solar capacity and a 33MWac battery storage system. Lupinus 1 in Franklin County has 161.5MWac of solar power paired with an 82MWac battery storage system, while Lupinus 2, also in Franklin County, offers 241MWac of solar power and a 121.5MWac battery storage system.
Construction on all these projects commenced in late 2025. Eagle Springs is expected to begin commercial operations later this year, followed by Lupinus 1 and 2 in late 2027. This achievement marks Sunraycer’s second substantial financing effort in the past year, contributing to a total capital raise of $1.6bn through project finance and tax equity.