Matrix Renewables steps towards new energy consortium

AI generated summary

Matrix Renewables, with backing from TPG Rise, has successfully secured financing for its 210 MW Stillhouse Solar project in Texas. The project, featuring a 15-year power purchase agreement with Hyundai affiliates, aims to provide clean energy equivalent to powering nearly 49,000 homes, while also delivering significant environmental benefits and community support through partnerships like the one with Sustain Our Future Foundation.

Cindy Tindell, Managing Director of Matrix Renewables, expressed enthusiasm over the progress and partnerships for the Stillhouse project, anticipating power delivery in 2025. The financing, led by MUFG and supported by Microsoft, highlights the project's contribution to the energy transition. With a focus on community benefits and environmental justice, the project is set to make a positive impact as it moves towards completion in 3Q25.