en.Wedoany.com Reported - U.S. renewable energy developer Vesper Energy has commenced construction of the Project Nazareth solar project in Swisher County, Texas. The U.S. solar project has a planned capacity of 201 megawatts and is located near Vesper Energy's already operational 600 MW Hornet Solar project, further expanding its solar power asset portfolio in Texas.

The Project Nazareth solar project completed $236 million in financing earlier this month, with a capital structure including construction-to-term loans and letter of credit facilities. As the project enters the construction phase, work will proceed on site civil works, solar module installation, inverter configuration, step-up system construction, and grid connection preparations. Once completed, the project is expected to generate approximately $34 million in long-term tax revenue for Swisher County, supporting schools, roads, emergency services, and county public operations.

Vesper Energy is currently advancing multiple utility-scale solar and energy storage projects across the United States. With the groundbreaking of the 201 MW Project Nazareth solar project, demand for solar power generation, project financing, engineering procurement and construction, and long-term operations and maintenance in Texas will continue to grow, adding new renewable energy supply to the local electricity market.

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