A 413 MWdc utility-scale solar project in Ector County, Texas, developed by Origis Energy, has secured $340 million in tax equity financing arranged by clean energy capital platform Crux. The project is expected to reach commercial operations in the second half of 2026.

The solar facility will generate more than 900 GWh of electricity annually, enough to power roughly 85,000 homes, and will produce about $68 million in property tax revenue for Ector County over its lifetime.

The financing was structured through a hybrid partnership flip, a tax equity arrangement that allows partial transfer of federal investment tax credits (ITC). Hybrid tax equity structures have become increasingly common in the U.S. renewable energy sector, accounting for more than 75% of tax equity investments in 2025, according to market data cited by Crux. Tax equity financing remains a key mechanism for funding large-scale solar projects in the United States.

The project is part of an ongoing expansion of utility-scale solar projects in West Texas, where the project is located. Analysts have noted that West Texas is an area of focus for large-scale solar projects due to the high levels of solar irradiance, available land, and increasing demand for clean energy.

The project announcement confirmed the construction and finance plans, although information on the construction timeline, construction workforce, and other project-related information was not provided in the announcement. However, the project developers noted that the project finance structure is designed to enable efficient investment in the project.

The Ector County facility will provide property tax revenue and contribute to the U.S. solar market, where utility-scale projects supply clean, reliable power and strengthen the nation’s energy infrastructure.

Project Factsheet: Ector County Solar Project

Project Overview

Location: Ector County, Texas

Project Type: Utility-scale solar energy

Capacity: 413 MWdc

Expected COD: Second half of 2026

Annual Generation: 900+ GWh

Homes Powered: Equivalent to 85,000 homes or a city of 250,000 people

Financing Structure

Total Investment: $340 million in tax equity capital

Capital Type: Investment grade-rated tax equity

Structure: Hybrid partnership flip with transferability of federal Investment Tax Credits (ITC)

Underwriter/Structurer: Crux Capital Securities (registered broker-dealer)

Investment Vehicle: Crux-managed fund

Key Partners:

Tax Equity Investor & Capital Platform: Crux

Developer & Project Sponsor: Origis Energy

Project Impact

Energy Resilience:

Strengthens local grid reliability in West Texas

Advances energy affordability for the region

Contributes to regional decarbonization goals

Economic Impact:

Projected Property Tax Revenue: $68 million for Ector County

Long-term local economic value creation

Supports regional infrastructure development