Press ReleaseApril 28, 2026
Sunraycer Renewables Closes $901 Million Project Financing Facility with MUFG Bank, Ltd., Ally Bank, Nomura Securities International, Inc., Norddeutsche Landesbank Girozentrale, and Societe Generale
Annapolis, MD – Sunraycer Renewables LLC announced the closing of a $901 million project financing facility with MUFG, Ally Bank, Nomura, Nord/LB, and Societe Generale. Comprised of a construction-to-term loan, bridge loan, and letter of credit facility, proceeds will fund the Eagle Springs, Lupinus 1, and Lupinus 2 solar and battery storage projects in Texas — totaling 479.5 MWac of solar and 236.5 MWac of paired two-hour battery energy storage. This marks Sunraycer's second portfolio financing in 12 months, bringing total capital raised to roughly $1.6 billion.
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