Nazareth Solar (ERCOT-16INR0049) — Project Summary

Queue ID
ERCOT-16INR0049
Capacity
203 MW
Technology
Solar
Status
active
Location
Castro, TX
Region
ERCOT
Developer
TX Nazareth Solar, LLC
IA Status
IA Executed

Nazareth Solar

ERCOT-16INR0049BetaActiveSolarERCOTLBNL + Live

203 MW generation in Castro, TX · In queue since June 2014 · Proposed COD August 2027

BA: ERCOISO/RTO: ERCOTNERC: TRERC: ERCOT

203 MW

Capacity

1

Components

Solar

12y 1m

In Queue

IA Executed

IA Phase

Signed Jun 2023

Status
as of 3 years ago
Project statusApprovedKFDA | NewsChannel 10 · 2023-07-05
Interconnection

Queue → IA

9 years

IA → COD

4y 2m

Total Duration

9 years

Construction75%
Queue EntryJun 19, 2014

Interconnection request submitted to ISO/RTO

Interconnection Study

ERCOT uses a serial "connect and manage" approach — fastest among major ISOs.

Typical: 18–30 months (fastest major ISO)

Interconnection AgreementJun 7, 2023

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 12–24 months

Commercial Operation

Proposed COD: 2027-08-31

Cross-source intelligence
Beta
High confidence·7 sources·as of 2026-06-01
Expected COD
2026
Queue date 1–2 years staleQueue: 2027-08-31
Developer
Vesper Energy
Filed as TX Nazareth Solar, LLC
Status
Active
Active — construction imminent following $236M financing close in January 2025, targeting 2026 COD
Financing
Secured
$236 million debt financing closed January 2025, led by funds managed by Generate Capital (per multiple sources)
Key milestones
IA executedJun 7, 2023

Interconnection Agreement executed with ERCOT

source
Financing closeJan 2025

$236M debt financing closed by Vesper Energy for construction

source
COD target2026Most recent

Project in pre-construction targeting 2026 commercial operation

source
About

Nazareth Solar is a proposed 204 MW solar generation project located in Castro County, Texas. The developer is TX Nazareth Solar, LLC. The project is interconnected within the ERCOT region under queue ID ERCOT-16INR0049, with an interconnection queue entry date of June 19, 2014. The proposed commercial operation date is August 5, 2027. The project's Interconnection Agreement (IA) was executed on June 7, 2023. The point of interconnection (POI) is at tap 345kV 23914 Tule Canyon - 23912 Ogallala C2.

The Nazareth Solar project has been mentioned in recent news coverage.

Generated from interconnection queue and public data sources

Development Risk

Realization risk from now to commercial operation — financing close, EPC and tax-equity counterparty mix, and COD probability vs the proposed date. The diligence view that determines whether the deal actually closes. Powered by InfraSure's development-stage modeling stack.

Available on the InfraSure platform

See the full development-risk decomposition for this project.

P(COD by stated date)
Financing close probability
EPC + tax-equity counterparty
Project Details

State

TX

County

Castro

Grid Region

ERCOT (Texas)

Market

ISO/RTO Member

Developer

TX Nazareth Solar, LLC

Utility

Entity

ERCOT

Service Type

Point of Interconnection

tap 345kV 23914 Tule Canyon - 23912 Ogallala C2

Data Source

LBNL + Live

Risk Analytics

Composite operating-phase risk view — what this asset's risk profile will look like once it commissions. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.

Available on the InfraSure platform

See the full risk decomposition + scenarios for this project.

Climate hazards (8+)
Generation variability (P10/P50/P90)
Offtake + transmission counterparty
Generation Forecast

Forward generation outlook — first-year production estimate and 10-year P50 trajectory, with probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios. Powered by InfraSure's generation modeling stack.

Available on the InfraSure platform

See the full forecast + scenario decomposition for this project.

10-year P50 forecast
First-year output estimate
Weather + policy scenarios
Financial Forecast

Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. First-year DSCR, 10-year cashflow, and counterparty exposure across price and policy scenarios. Powered by InfraSure's asset cashflow stack.

Available on the InfraSure platform

See the full revenue + DSCR projection for this project.

10-year revenue projection
First-year DSCR
Financing close risk
Market Context
Approximate
ISO / RTO
ERCOT
Trading Hub
HB_WEST
Hub Confidence
MEDIUM
POI Substation
Tule Canyon Substation

This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.

Insights & Articles (1)Beta

Last updated 2026-03-26

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Forward forecasts, scenario decomposition, and risk-decision tooling for this queue project.