Global Infrastructure SherpaOCI Energy and Arava Power JV secures financing for Project SunRoper
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.
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Counterparts (5)
Lender
ING Capital LLC
ING is a global bank with a strong European base, offering retail and wholesale banking services. They provide specialized lending, corporate finance, debt and equity market solutions, sustainable finance solutions, payments, cash management, and trade and treasury services.
B
Bank of Hapoalim
Bank Hapoalim is one of Israel's largest banks, providing a range of financial services. It supports infrastructure projects through financing and investment activities.
BHI
BHI is the U.S. commercial banking arm of Bank Hapoalim, Israel’s leading financial institution. It provides tailored financing solutions and a full range of commercial banking products and services to middle-market and large corporations across various sectors, including commercial real estate, C&I, food and beverage, high-tech, and healthcare.
Developer
A
Arava Power
Arava Power is a renewable energy developer focused on solar projects. They develop, finance, construct, and operate solar power plants.
O
OCI Energy
OCI Energy focuses on developing and operating renewable energy projects, particularly in the solar power sector. They are involved in the development, construction, and operation of solar power plants.
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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.
Source Intelligence
KEY DETAILS
OCI Energy LLC has reached financial close on construction financing for the 347 MWdc Project SunRoper solar project in Wharton County, Texas.
“
Capacity
347 MWdc Project SunRoper solar project
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Location
in Wharton County, Texas
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Announcement
26 February 2026
PARTIES MENTIONED IN SOURCE
O
OCI Energy LLC
developer
"OCI Energy LLC has reached financial close on construction financing for the 347 MWdc Project SunRoper solar project in Wharton County, Texas."
low quality
Enriched Feb 26, 2026
Timeline
Announced
Feb 26, 2026
Signed
Closed
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