Invenergy and Monarch Private Capital have successfully closed nearly $170 million in tax equity financing for the Samson Solar Energy Center II in Lamar County, Texas. This 200-megawatt solar facility, developed by Invenergy, is expected to bring significant economic benefits to the region, including job creation during construction, substantial payments to landowners, and over $27 million in local taxes and payments to the county and local schools throughout its operational lifetime.
Scheduled to commence commercial operations later this year, Samson II will generate enough clean energy to power more than 40,000 homes. This project is part of the larger Samson Solar Energy Center, a five-phase, 1,310-megawatt development—the largest of its kind in Texas. When fully operational, the entire center will produce enough renewable energy to power 300,000 homes, reinforcing Texas' leadership in the clean energy sector.
Brian Bortman, Senior Vice President of Finance & Capital Markets at Invenergy, stated, “The tax equity financing of Samson II marks another significant milestone for our flagship project. This innovative transaction is a testament to Invenergy's strong financial partnerships and our unmatched capabilities to accelerate clean, reliable energy at scale.”
Bryan Didier, Partner & Managing Director of Renewable Energy at Monarch Private Capital, added, “We're proud to have worked with Invenergy on the tax equity solution for the Samson Solar Energy Center II. This investment is another important milestone for our team, and we're excited to partner with Invenergy on a project that is providing skilled jobs and clean energy to a community that has experienced economic hardship.”
Greg Andiorio, Managing Director, Tax Credit Advisory at Marathon Capital, noted, “Securing the tax equity investment for Samson Energy Center II was a significant step towards advancing the broader Samson Solar Energy Center project. It was a pleasure to work with the Invenergy and Monarch teams on this important transaction.”
