Primergy Solar secured $588m financing for the 408MW Ash Creek Solar project in Texas, with Microsoft signing a PPA for the power.

Primergy Solar LLC, a utility-scale solar developer, secured $588m debt financing for the 408MW Ash Creek Solar project in Hill County, Texas. Microsoft signed a long-term power purchase agreement for the plant's entire capacity, which is expected to power 90,000 homes annually. Construction has started, creating 350 jobs, and the project will provide $100m in tax payments to Hill County over its 30-year operating life.

March 11, 2024
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