OCI Energy and Arava Power JV secures financing for Project SunRoper

By Global Infrastructure Sherpa · Feb 26, 2026

Financing Solar announced United States Feb 26, 2026

USD394M

Deal Value

347 MW

Capacity

construction

Stage

Project SunRoper

Project

OCI Energy LLC and Arava Power have reached financial close on construction financing for the 347 MWdc Project SunRoper solar project in Wharton County, Texas, with ING Capital underwriting the financing package. Total investment associated with the project is expected to reach approximately $394 million.

Deal Analysis

OCI Energy and Arava Power's successful financial close on the $394 million Project SunRoper in Wharton County, Texas, signifies continued investment in large-scale solar energy infrastructure within the United States. ING Capital underwrote the financing package, with additional lenders BHI and Bank of Hapoalim also participating, demonstrating institutional confidence in the project's viability and the broader solar energy market. The 347 MWdc project will significantly contribute to the region's renewable energy capacity. The collaboration between OCI Energy and Arava Power, experienced developers in the renewable energy sector, further strengthens the project's prospects. This deal highlights the ongoing trend of established players partnering to develop and finance substantial solar projects. The involvement of multiple lenders, including ING Capital, BHI, and Bank of Hapoalim, suggests a diversified risk profile and attractive investment opportunity within the renewable energy landscape.

Project SunRoper is a 347 MWdc solar project in Texas.
The total investment is approximately $394 million.
ING Capital underwrote the financing package.
OCI Energy and Arava Power are the developers.

Market Context: The US solar market is experiencing significant growth, driven by government incentives, declining technology costs, and increasing demand for renewable energy. Texas, in particular, is a key market for solar development due to its abundant sunshine and favorable regulatory environment.