Tres Bahias Solar

ERCOT-20INR0266BetaActiveSolarERCOTLBNL + Live

195 MW generation in Calhoun, TX · In queue since March 2019 · Proposed COD April 2026

BA: ERCOISO/RTO: ERCOTNERC: TRERC: ERCOT

195 MW

Capacity

Components

Solar

7y 4m

In Queue

IA Executed

IA Phase

Signed Aug 2020

Status

as of 3y 1m ago

Latest milestonetracker supply contract awardedPV Tech · 2023-06-14

Expected CODQ4 2024PV Tech · 2023-06-14

Interconnection

Queue → IA

1y 5m

IA → COD

5y 8m

Total Duration

1y 5m

Schedule

2 months past proposed COD

Construction75%

Queue EntryMar 26, 2019

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 AgreementAug 7, 2020

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 12–24 months

Commercial Operation

Proposed COD: 2026-04-30

Cross-source intelligence

Beta

High confidence·7 sources·as of 2026-06-01

Expected COD

Mar 2024

Queue date 3+ years staleQueue: 2026-04-30

Developer

Swift Current Energy

Filed as Tres Bahias Solar Power LLC

Status

Online

Online — project operational as of Q1 2024, generating power under PPA with NRG Energy

Financing

Secured

Tax equity financing closed with ING Capital as lead; PPA executed with NRG Energy (announced March 2024). Additional VPPA with UnitedHealth Group for ~90% of their US electricity needs.

Key milestones

IA executedAug 7, 2020

Interconnection Agreement executed with ERCOT

source

Financing closeMay 2023

Tax equity financing secured with ING Capital as lead

source

COD targetDec 2023

Project expected operational by end of 2023 per May 2023 announcement

source

COD targetMar 2024Most recent

Project brought online and generating energy, equipped with First Solar panels

source

Project lifecycle

as of 2023-06-14

PhaseConstructionHouston Public Media · 2023-05-03

OperationalNoPV Tech · 2023-06-14

TechnologySolarPV Tech · 2023-06-14

DeveloperParliament Solar±PV Tech · 2023-06-14

Tax-equity partnerMorgan Stanley RenewablesHouston Public Media · 2023-05-03

About

The Tres Bahias Solar project is a proposed 195 MW solar generation facility located in Calhoun County, Texas. The developer is Tres Bahias Solar Power LLC. The project is listed in the ERCOT interconnection queue as entry ERCOT-20INR0266, with a queue entry date of March 26, 2019, and a proposed commercial operation date of February 28, 2026. The interconnection agreement (IA) has been executed as of August 7, 2020.

The proposed project is linked to the existing Tres Bahias operating plant (EIA plant ID 65947). The Tres Bahias Solar project has been the subject of recent news coverage, with 31 articles appearing in the press.

Generated from interconnection queue and public data sources

ERCOT Queue EIA Plant Profile

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

County

Calhoun

Grid Region

ERCOT (Texas)

Market

ISO/RTO Member

Developer

Tres Bahias Solar Power LLC

Utility

—

Entity

ERCOT

Service Type

—

Point of Interconnection

8140 Joslin 138kV

Data Source

LBNL + Live

DeveloperSwift Current Energy±PR Newswire · 2024-03-26

EPC contractorIdeematecPV Tech · 2023-06-14

TransactionPPA±PR Newswire · 2024-03-26

OfftakerNRG Energy, Inc.PR Newswire · 2024-03-26

LenderING CapitalPower Technology · 2023-05-03

PPA structurePhysicalPR Newswire · 2024-03-26

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_SOUTH
Hub Confidence: HIGH
Nearest Node (Estimated): TREB_SOLAR1

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.

Linked EIA Plant

Tres BahiasEIA 65947

High match89% confidence

View Plant

Insights & Articles (4)Beta