Vesper Energy has closed $236 million in financing for the Nazareth Solar project. The project has an installed capacity of 201 MW and is located in Swisher County, Texas. The financing package includes a construction-to-term loan and a letter of credit facility, provided by MUFG, Associated Bank, Bayern LB, and Development Bank of Japan.
The project construction is scheduled to commence in June 2026, with commercial operations targeted for Fall 2027. Furthermore, the project is expected to generate enough electricity to power approximately 53,000 homes annually, delivering clean power to the ERCOT market. The project builds on the development of the adjacent Hornet Solar facility.
In March 2026, Linea Energy secured project financing for its Watertown solar project, a 172 MWdc utility-scale facility located in Sanilac County, Michigan. The financing package comprises a construction-to-term loan, a tax equity bridge loan and a letter of credit facility. It is led by Santander Corporate & Investment Banking, with participation from Société Générale, Norddeutsche Landesbank Girozentrale and Truist Bank.
