OCI Energy and Arava Power have formed a joint venture (JV) to develop a 260 MWac solar farm. This project is called SunRoper and is situated in Wharton County, Texas. The project will provide clean energy to a region with one of the highest electricity demands in Texas and US.
The project is expected to commence construction in 2025 and the project is expected to be online by 2026. Once the project is commissioned, the two companies will either operate the solar facility or sell and split the profits equally. Both the companies expect to receive tax credits through Inflation Reduction Act.
The solar power sector in Texas is growing rapidly. Earlier in December 2024, Longroad Energy inked a power purchase agreement with Meta for the entire output produced by the solar project 1000 Mile. It is a 300 MWac solar project located in Yoakum County, Texas. The energy produced from this project will be supplied to the southwest power pool grid. It will contribute to meeting the energy needs of Meta’s data center operations.
REGlobal’s Views: OCI entered the US solar market in 2011 and has already completed 10 solar and storage projects in the country. The company plans to expand into other markets in the United States and grow its reach beyond Texas.
