Overview
- ING Capital served as sole coordinating lead arranger, sole bookrunner, and sole green loan coordinator, underwriting a package that includes a construction‑to‑term loan, a tax equity bridge, and letters of credit.
- BHI and Bank of Hapoalim provided additional financing support and letters of credit, with Foley & Lardner advising the joint venture and Skadden representing ING.
- The Project SunRoper facility will be built in Wharton County, about 60 miles southwest of Houston, with WHC, LLC as EPC and Black & Veatch as technical advisor.
- Commercial operation is targeted for the third quarter of 2027, delivering contracted solar generation to the ERCOT grid under the long‑term agreement.
- The transaction follows OCI Energy’s prior financing work with ING on the Alamo City BESS as Arava pursues more than 1 GW in U.S. builds within two years and OCI targets up to 10 GW by 2028.