US Parliament Energy's $747 Million Tehuacana Creek Solar Project Financing

en.Wedoany.com Reported - US renewable energy platform Parliament Energy has completed $747 million in non-recourse senior secured financing to advance the Tehuacana Creek solar project in Texas. Located in Navarro and Freestone counties, Texas, this US solar project has a planned DC capacity of 644.8 megawatts.

Parliament Energy, jointly established by EnCap Energy Transition Fund II and Mercuria Energy Group, aims to build and operate a portfolio of utility-scale solar projects totaling approximately 2.7 gigawatts DC. The financing, arranged by Crédit Agricole Corporate and Investment Bank, will support the construction and subsequent commissioning preparations for the Tehuacana Creek project.

The Tehuacana Creek solar project is Parliament Energy's second solar development initiative following the Parliament Solar project and is expected to be completed in the fourth quarter of 2027. With the $747 million financing in place, this large-scale US solar project will move into the execution phase for module procurement, site construction, step-up facilities, grid connection works, and long-term operations.

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