MUFG and Nomura Finalize $388 Million Texas Solar Park Financing Deal
In a major boost for Xcel Energy renewable expansion in Texas and New Mexico, Mitsubishi UFJ Financial Group (MUFG) and Nomura have secured financing for Greenalia’s utility-scale solar park. This landmark $388 million investment underscores growing confidence in Texas’ renewable energy leadership.
495 MW Solar Park to Power 100,000 Texas Homes
The new 495 MW project ranks among America’s largest solar installations. When operational, it will generate enough clean energy to power approximately 100,000 Texas homes. This aligns with the regional trend seen in projects like Primergy Ash Creek Solar Project Texas renewable energy developments.
Strategic Renewable Energy Financing Partnership
This collaboration between MUFG, Nomura and Greenalia demonstrates how financial institutions are accelerating North America’s energy transition. The project follows groundbreaking financing models similar to Iberdrola’s €2.5 Billion Solar Expansion Financing initiative.
Key Environmental and Economic Benefits
- Annual carbon reduction equivalent to removing 75,000 vehicles
- Creates 500+ local construction jobs
- Advances Texas’ renewable energy targets
Future of Solar Development in Texas
With abundant sunshine and pro-renewable policies, Texas continues to lead U.S. solar development. The MUFG-Nomura deal showcases how strategic financing enables utility-scale projects that transform regional energy infrastructure and grid reliability.
