Panamint Capital has reached financial close on US$769 million of financing for Big Rooter West, a 491 MWdc solar project under construction in Robertson County, Texas. The company announced the milestone on 4 November.
The package comprises a US$240 million construction-to-term loan, a US$461 million tax-equity bridge and US$68 million of letters of credit. Lloyds, MUFG and SMBC are the coordinating lead arrangers, with MUFG acting as administrative agent.
Construction began in July 2026. Panamint targets commercial operation in August 2028, using reclaimed coal-mine land and existing grid-connection infrastructure at its Twin Oaks complex.
The wider programme also includes the 658 MWdc Big Rooter East development. Its financing, exceeding US$1 billion, is expected to close in the first quarter of 2027, with operations targeted for August 2029.
That distinction matters: the announced closing covers the western phase, rather than the entire roughly US$1.8 billion financing programme. The eastern phase’s funding and both operating dates remain forward-looking.
Panamint’s company release, distributed by PR Newswire.
Illustrative US solar file photograph: Double Black Diamond solar farm, Talkington Township, Illinois, 6 June 2026; not Big Rooter or a Texas site. Visviva / Wikimedia Commons, CC BY-SA 4.0. Resized and converted to WebP.
Compiled by Energy People with AI assistance from linked sources.
