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OCI Energy and Arava Power execute MIPA for 670 MWdc La Salle Solar in Texas

On Wednesday, May 13, 2026, OCI Energy and Arava Power executed a Membership Interest Purchase Agreement for La Salle Solar, a 670 MWdc utility-scale solar project located in La Salle County, Texas.
Under the agreement, Arava Power acquires a 50% ownership interest, and the parties will jointly finance, construct, own, and operate the facility.
This transaction marks the largest single-site solar project for both companies to date, strengthening their long-standing partnership.
The companies remain on track to break ground by year-end, with the project designed to deliver reliable energy meeting evolving grid needs.
OCI Energy targets a diverse portfolio of projects reaching up to 10 GW by 2028, positioning the company to support reliable, affordable power across U.S. markets.

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Mason City Globe Gazette

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OCI Energy and Arava Power execute MIPA for 670 MWdc La Salle Solar in Texas

SAN ANTONIO, May 13, 2026 /PRNewswire/ -- OCI Energy and Arava Power took part in a signing ceremony today to execute a Membership Interest Purchase Agreement (MIPA) for La Salle Solar, a 670 MWdc utility-scale solar project located in La…

2 days ago

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pv magazine USA

Arava Power agrees to acquire half of 670 MW OCI Energy Texas solar project

The La Salle Solar facility, which represents the largest single-site solar project for either of the two companies, is scheduled to begin commercial operation in 2028.Israeli solar developer and independent power producer Arava Power has agreed to acquire a 50% ownership interest in the 670 MWdc (512.6 MWac) La Salle Solar facility, from Texas-based OCI Energy. The facility site, located about 60 miles northeast of Lardeo, Texas, is currently u…

19 hours ago

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