Pathway Power will build the Greenridge Energy Project, a $200 million, 150 MW solar and battery storage facility on 2,000 acres in Marion County, Texas, with construction planned to start in early 2027. The San Diego based developer, backed by a $150 million financing round closed in June 2026, is seeking a county tax abatement that has not yet been approved.

A hybrid generation and storage project south of Avinger

The Greenridge Energy Project sits south of Avinger and east of Johnson Creek Reservoir, on land that is roughly 30 percent active timberland and 70 percent land currently used informally for hunting and recreation, according to reporting by the Marshall News Messenger. The facility will generate 150 MW of solar power paired with battery storage, enough to supply an estimated 30,000 homes, and will connect into the Southwest Power Pool, the regional transmission organization serving Marion County alongside 13 other states. Pathway Power expects the project to bring around 250 construction jobs to the area over a 12 to 15 month build, with commercial operation targeted for mid to late 2028.

Pathway Power has committed to using American made solar panels, steel and electrical equipment on the project, according to comments from company vice president of development Lisa Leipzig. That domestic sourcing pledge lands at a moment when Texas is simultaneously building out solar generation and solar manufacturing capacity in parallel, a dynamic visible in the state’s supply chain investments elsewhere.

A developer built on BayWa pedigree and fresh capital

Pathway Power is not a newcomer chasing its first project. Founded in 2022 by a management team that previously led BayWa r.e. Solar Projects, the company’s leadership has collectively developed more than 40 GW of wind, solar and storage assets across ten platforms and delivered 7 GW to the US grid, according to the company’s own team disclosures. The firm has raised capital in stages since its founding, including a $36 million commitment from Forest Road Renewables in 2022 and a $25 million convertible note investment from Japan’s RENOVA in January 2024.

Most relevant to Greenridge, Pathway Power closed a $150 million debt financing from AB CarVal in June 2026, structured specifically to finalize development of the company’s battery storage assets. AB CarVal managing director Alex Flamm said at the time that the firm’s pipeline of hybrid solar and storage assets was positioned to serve grid stability needs in critical markets including SPP and MISO, driven partly by data center and reshoring load growth. Pathway Power has not stated publicly that this financing round applies specifically to Greenridge, but the round’s SPP focus and battery storage mandate align closely with the project’s own structure and interconnection point.

Measured against Texas’s largest recent solar builds

Greenridge is a modest project by the standard set elsewhere in Texas this year. Vesper Energy’s Hornet Solar project in Swisher County closed $590 million in financing for 600 MW of capacity, or roughly $983,000 per megawatt, while Vesper’s follow on Nazareth Solar project in the same county secured $236 million for 201 MW, or about $1.17 million per megawatt. Greenridge’s $200 million for 150 MW works out to roughly $1.33 million per megawatt, a higher per unit cost that likely reflects the integrated battery storage component absent from Hornet’s original build.

That comparison sits inside a broader state trend. Texas already leads the nation in installed solar capacity behind only California, with more than 37,000 MW online and projections putting the state above 51,000 MW within five years. The US Energy Information Administration expects Texas to account for roughly 40 percent of all new solar capacity added nationally this year, as solar generation is on track to exceed coal fired generation across the country for the first time in 2026. Marion County’s Greenridge project is a small entry in that pipeline, but it is arriving at a moment when grid operators across the state are absorbing gigawatts of new solar and storage capacity nearly every quarter.

Incentives pending and land use questions unresolved

Unlike large transmission scale projects that typically require state or federal permitting review, Greenridge faces almost no local regulatory gate beyond a single county decision. Marion County Judge Leward LaFleur told local reporters that the county has no permitting authority over solar developments on private land, and that commissioners’ only formal role is to approve or reject the tax abatement Pathway Power is requesting, a process that runs through public hearings at Commissioners Court. Texas has not granted counties tools to review environmental studies or permits for these projects, LaFleur said, meaning oversight rests entirely with whatever state and federal permits Pathway Power secures on its own.

That abatement vote has not yet occurred, and Pathway Power has held meetings with the Commissioners Court through 2025 without a final decision recorded. Separately, Pathway Power has not answered a direct question from reporters about whether construction will require clearing the timberland portion of the site, leaving unresolved how much of the property’s tree cover will remain once the 2,000 acre build is complete.

Project Fact Sheet

• Project Name: Greenridge Energy Project
• Location: Marion County, Texas, south of Avinger
• Project Value: $200 million
• Developer: Pathway Power, LLC
• Key Components: 150 MW solar generation with battery storage across 2,000 acres
• Procurement Model: Independent power producer, developer owned
• Funding Source: Corporate capital; Pathway Power closed a $150 million AB CarVal debt financing in June 2026 for its battery storage portfolio
• Construction Start: Early 2027 (planned)
• Expected Completion: Mid to late 2028
• Jobs Created: Approximately 250 during a 12 to 15 month construction period
• Grid Interconnection: Southwest Power Pool

Project Team

• Developer: Pathway Power, LLC
• Financing Partner: AB CarVal
• Local Government: Marion County Commissioners Court (tax abatement pending)
• Grid Operator: Southwest Power Pool