US Sol Systems Acquires 200 MW Texas Solar Project in 2026

en.Wedoany.com Reported - Sol Systems, a US clean energy developer and independent power producer (IPP), announced it has acquired the Lumberton solar project in Hardin County, Texas, from DESRI. The project has a capacity of 200 MW-ac and is supported by a long-term power purchase agreement.

This acquisition marks Sol Systems' second project acquisition in 2026. The company continues to combine strategic acquisitions with direct project development, expanding its IPP platform at a measured pace, further strengthening its growing utility-scale portfolio, and supporting its long-term strategy to build, own, and operate clean energy infrastructure across the United States.

Andrew Grin, Senior Vice President of M&A and Strategic Partnerships at Sol Systems, stated that the Lumberton project is exactly the type of high-quality asset that enhances the company's portfolio, combining prudent growth with long-term community value. He noted that DESRI advanced this high-quality project in a key electricity market, and Sol Systems is pleased to build on that work to move Lumberton toward construction and long-term operations, looking forward to collaborating with Hardin County, project partners, and energy customers to ensure the project delivers lasting local and clean energy value.

The development, permitting, and commercialization of the Lumberton project were led by DESRI. This transaction builds on the existing relationship between the two companies and reflects their shared commitment to accelerating the deployment of utility-scale clean energy infrastructure. Hy Martin, Chief Development Officer at DESRI, said the Lumberton project embodies DESRI's approach to developing high-quality clean power assets and creating value for local communities, energy customers, and project stakeholders. After years of development by the team, DESRI is pleased to complete this transaction with industry partner Sol Systems and looks forward to the project advancing into construction and operations while supporting economic growth and clean energy generation in Hardin County.

The project is expected to deliver significant economic benefits to Hardin County through construction jobs, long-term tax revenue, and local investment. In line with Sol Systems' "Infrastructure+Impact" approach, the company will work with local stakeholders to identify opportunities to support community priorities during the project's operational life. This acquisition also demonstrates Sol Systems' continued growth as a national independent power producer and its commitment to developing clean energy infrastructure, serving customers, supporting local economies, and creating long-term value for communities.