OCI Energy and Arava Power have executed a Membership Interest Purchase Agreement (MIPA) for the development of the 670 MWdc La Salle Solar project in La Salle County, Texas. Under the agreement, Arava Power will acquire a 50% ownership stake in the utility-scale solar facility, with both companies jointly financing, constructing, owning, and operating the project.
The signing ceremony marks a major milestone for the two renewable energy developers, as La Salle Solar becomes the largest single-site solar project undertaken by either company to date. The transaction also strengthens the long-standing collaboration between OCI Energy and Arava Power, representing their third joint renewable energy project in the Texas market.
Located in South Texas, the La Salle Solar project is expected to contribute significantly to regional energy reliability and clean power generation. Once fully operational, the facility is projected to generate enough renewable electricity to power approximately 100,000 homes. The project is expected to support increasing electricity demand in Texas, one of the fastest-growing energy markets in the United States.
Sabah Bayatli, President of OCI Energy, described the project as a reflection of the company’s development expertise and long-term commitment to the Texas renewable energy market. According to the company, La Salle Solar demonstrates OCI Energy’s ability to execute large-scale solar projects through strategic partnerships, strong market positioning, and scalable infrastructure planning.
Arava Power CEO Ilan Zidkony highlighted the agreement as an important step in expanding the company’s U.S. renewable energy portfolio. He noted that the project strengthens Arava Power’s position in the American clean energy sector while reinforcing its collaboration with OCI Energy. The company also confirmed that construction activities are expected to begin before the end of 2026.
The La Salle Solar project is scheduled to commence commercial operations in 2028. The development aligns with broader industry efforts to accelerate utility-scale solar deployment and support grid modernization initiatives across North America.
Founded in 2012, OCI Energy develops, owns, and operates utility-scale solar and battery energy storage projects across the United States, with a portfolio target of up to 10 GW by 2028. Meanwhile, Arava Power, established in 2007, is recognized as one of Israel’s early pioneers in utility-scale photovoltaic energy development and continues to expand its multi-gigawatt renewable energy portfolio across Israel and the United States.
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