Primergy Solar Celebrates Operational Launch of Ash Creek Solar Project in Texas

Primergy's Ash Creek Solar Project: A New Era of Renewable Energy

Primergy Solar LLC recently celebrated a major achievement with the commissioning of its Ash Creek Solar project, located in Hill County, Texas. This 408 MWac solar photovoltaic power plant represents one of the largest solar facilities in the state and signifies Texas's commitment to expanding renewable energy solutions.

According to Primergy, the facility is now fully operational and delivering affordable energy to the grid. This landmark project is made possible through a long-term power purchase agreement with Microsoft, showcasing the synergistic relationship between technology and sustainable energy. As solar technology continues to evolve, it plays a crucial role in addressing the rising demand for power in Texas.

Ty Daul, CEO of Primergy, emphasized the significance of projects like Ash Creek Solar in providing sustainable energy solutions that cater to consumer needs while promoting economic growth. He stated, "We are proud to work alongside Microsoft, our local stakeholders, and the broader Hill County community to ensure this project delivers reliable and affordable energy to the grid, along with economic benefits for years to come."

The economic impact of Ash Creek Solar is expected to be substantial, with an estimated $100 million in tax payments projected to benefit Hill County throughout the project's operational life. This influx will significantly enhance the tax base of local school districts, fostering educational improvements in the area. Primergy and SOLV Energy, the project’s engineering, procurement, and construction partner, have also made strides in contributing to local education, supporting the Heart of America school transformation initiatives for Abbott and Penelope Independent School Districts. This investment will enhance the learning environment and leave a lasting legacy in the community.

Primergy's capabilities in delivering major utility-scale solar projects are well-documented, with Ash Creek Solar serving as a prime example of this expertise. In the previous year, Primergy secured $588 million in project financing, complemented by additional tax equity financing of $350 million, bringing the capital committed towards Ash Creek Solar to an impressive nearly $1 billion. The tax equity commitment was notably led by a Fortune 500 telecommunications company in collaboration with Truist Bank, indicating the confidence and investment interest from significant players in the energy sector.

The Ash Creek Solar project traces its origins back to 2016 when it was initially developed by Orion Power Generation, LLC, a collaboration between Orion Renewable Energy Group LLC and Eolian. The project transitioned to Primergy's ownership in 2021, enabling an acceleration in its development. Primergy continues to seize opportunities in the renewable energy sector as it manages a robust portfolio across various energy markets throughout the United States, including ERCOT, MISO, PJM, CAISO, WECC, and SERC.

As a company, Primergy focuses on developing, owning, and operating utility-scale solar PV and battery storage projects across the country. Backed by Quinbrook Infrastructure Partners, Primergy’s team comprises seasoned professionals with extensive expertise in renewable energy project development, financing, construction, and operations. This expertise positions Primergy at the forefront of delivering innovative and sustainable energy solutions essential for combating climate change and powering a greener future.

In summary, the operational launch of the Ash Creek Solar project marks a significant milestone in Texas's renewable energy landscape. With its potential to provide reliable and affordable energy while contributing to local economic growth, Ash Creek Solar truly exemplifies the intersection of sustainability and community development. Texas remains a leader in solar development, and projects like Ash Creek Solar reaffirm the state's commitment to fostering a clean and energy-independent future.