Clearway Energy Group Successfully Concludes Construction of 452 MW Texas Solar Nova Complex, Signifying Significant Milestone in Renewable Energy Development
Clearway Energy Group (Clearway) has announced the successful completion of its Texas Solar Nova complex, which has a capacity of 452 MW in Kent County, Texas.
This two-phase project is expected to generate enough electricity to power more than 190,000 homes per year. The project, which represents a $660 million investment in West Texas, is expected to significantly boost the local tax base, with an initial injection of approximately $5.4 million in property taxes and wages in the first year.
Valerie Wooley, Senior Vice President of Origination at Clearway, thanked various stakeholders, including local officials, suppliers, construction partners, and customers, for their important roles in bringing the Texas Solar Nova complex to life.
She emphasized the project’s contribution to delivering renewable power to the ERCOT grid, as well as the commitment of Clearway’s partners, including Verizon, SKF, and Toyota Boshoku America, to advancing their decarbonization goals through offtake agreements.
Clearway’s agreements with Verizon will help the company source 50% of its total annual electricity consumption from renewable sources by 2025, which aligns with its goal of achieving net-zero emissions in its operations by 2035.
These agreements also support Citizen Verizon, Verizon’s responsible business strategy aimed at promoting economic, environmental, and social progress.
Furthermore, a portion of the renewable attributes from the solar projects will help SKF and Toyota Boshoku America meet their decarbonization goals through Renewable Energy Certificate (REC) purchases.
Over 400 craftspeople worked on the Texas Solar Nova complex, contributing over 500,000 injury-free labor hours. The project, which spans approximately 5,000 acres and includes over 1.1 million solar panels, demonstrates Clearway’s commitment to renewable energy development.
Clearway, in collaboration with Mortenson, supported local organizations during construction, including the Texas Leadership Charter Academy-Secondary campus and the Spur Texas Community Food Bank, among others.
The project was financed by a consortium that included Natixis, DNB, MUFG, NordLB, and Societe Generale, with commitments totaling approximately $700 million in construction financing and $182 million in term loans.
Clearway also obtained tax equity and cash equity from HASI through a partnership with Clearway Energy, Inc.
Source Clearway Energy Group
