On August 23, 2024, Avantus and Toyota Tsusho America commenced construction of the 159 MWdc/125 MWac Norton Solar Project in Runnels County, Texas. This significant initiative follows Toyota Tsusho's acquisition of the project from Avantus in November 2023. The solar facility is projected to be completed by late 2025 and is expected to create approximately 250 jobs, significantly boosting local spending in the area. Additionally, the project aims to reduce carbon emissions by over 230,000 metric tonnes annually, contributing to Texas's leadership in solar capacity additions, which accounted for over a third of new solar capacity in the first half of 2024 [cbf10282].
In a parallel development, Lightsource bp launched a 288-megawatt solar portfolio in Texas on January 31, 2025, with a $348 million investment aimed at enhancing grid resilience and supporting American manufacturing. This portfolio includes two projects: the 163 MW Starr Solar in Starr County and the 125 MW Second Division Solar in Brazoria County. Together, these projects can power over 50,000 homes annually and offset 381,000 metric tons of carbon emissions. The construction of these projects created approximately 400 jobs and utilized solar panels from Arizona's First Solar and smart trackers from New Mexico's Array Technologies [37ddf090].
The Norton Solar Project is part of a broader trend in the renewable energy sector, where companies are increasingly investing in sustainable energy solutions. Avantus has secured a long-term Power Purchase Agreement with an undisclosed corporate customer, ensuring a stable revenue stream for the project. Financing for the project was secured from Mitsubishi UFJ Financial Group, further solidifying the financial backing necessary for its development [cbf10282].
This development aligns with the growing emphasis on renewable energy in the U.S., as states like Texas continue to expand their solar infrastructure. The operational fleet in Texas now totals 1,051 megawatts, underscoring the state's commitment to renewable energy. Helen Brauner, interim COO of Lightsource bp USA, emphasized the role of private investment in energy security and economic growth, highlighting ongoing land stewardship initiatives that include pollinator habitats and integrated agriculture. Both the Norton and Lightsource bp projects are expected to play crucial roles in meeting the increasing demand for clean energy while fostering economic growth and job creation in the region [37ddf090].