Pisgah Ridge Solar 2 (ERCOT-24INR0086) — Project Summary

Queue ID
ERCOT-24INR0086
Capacity
101.89 MW
Technology
Solar+Battery
Status
active
Location
Navarro, TX
Region
ERCOT
Developer
Pisgah Ridge Solar 2, LLC
IA Status
Facility Study

Pisgah Ridge Solar 2

ERCOT-24INR0086BetaActiveSolarBatteryERCOTLBNL + Live

101.89 MW hybrid in Navarro, TX · In queue since July 2021 · Proposed COD March 2029

BA: ERCOISO/RTO: ERCOTNERC: TRERC: ERCOT

101.89 MW

Capacity

1

Components

Solar

5 years

In Queue

Facility Study

IA Phase

COD target: 2029

Interconnection

Total Duration

7y 8m

Facilities Study50%
Queue EntryJul 14, 2021

Interconnection request submitted to ISO/RTO

Interconnection StudyCurrent

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

Typical: 18–30 months (fastest major ISO)

Interconnection Agreement

Interconnection agreement not yet executed

Typical: 30–60 days (negotiation)

Commercial Operation

Proposed COD: 2029-03-31

Cross-source intelligence
Beta
High confidence·7 sources·as of 2026-06-01
Expected COD
Mar 2023
Queue date 3+ years staleQueue: 2029-03-31
Developer
Deriva Energy (formerly Duke Energy Renewables)
Recent ownership change
Status
Active
Active — Phase 1 (250MW) operational since March 2023; Phase 2 (102MW) remains in Facility Study stage per LBNL
Financing
Secured
Deriva Energy announced $127M financing completion in May 2025 for solar and wind portfolio (specific project allocation not disclosed)
Ownership history
  1. 2025-05·Duke Energy RenewablesDeriva Energy (Brookfield portfolio company)source
Key milestones
GroundbreakingJun 2021

Duke unit starts construction on 250MW Pisgah Ridge project with PPAs secured

source
COD targetMar 2023

250MW Pisgah Ridge solar project now operating, selling power to three corporate offtakers

source
Ownership changeMay 2025

Duke Energy Renewables rebranded to Deriva Energy under Brookfield ownership

source
Financing closeMay 2025Most recent

Deriva Energy completes $127M financing for solar and wind portfolio

source
About

Pisgah Ridge Solar 2 is a proposed solar generation project located in Navarro County, Texas, within the ERCOT region. The project, developed by Pisgah Ridge Solar 2, LLC, has a total capacity of 101.89 MW. It consists solely of solar photovoltaic generation.

The project is listed in the ERCOT interconnection queue as entry ERCOT-24INR0086, with an original queue entry date of July 14, 2021. The proposed commercial operation date is December 1, 2028. Its interconnection status is currently in the Facility Study phase. The point of interconnection is Tap 345kV 68091 Navarro - 46020 Limestone. The project has been mentioned in recent news coverage.

Generated from interconnection queue and public data sources

Development Risk

Realization risk before commercial operation — cluster-study clearance, IA timing, counterparty mix, and withdrawal probability vs cohort. The diligence view that determines whether this project is worth pursuing. Powered by InfraSure's development-stage modeling stack.

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See the full development-risk decomposition for this project.

P(COD by stated date)
Withdrawal probability vs cohort
IA cluster risk
Project Details

State

TX

County

Navarro

Grid Region

ERCOT (Texas)

Market

ISO/RTO Member

Developer

Pisgah Ridge Solar 2, LLC

Utility

Entity

ERCOT

Service Type

Point of Interconnection

Tap 345kV 68091 Navarro - 46020 Limestone

Data Source

LBNL + Live

Risk Analytics

Composite operating-phase risk view — what this asset's risk profile would look like once it reaches commercial operation. 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 — what this project would produce assuming it reaches commercial operation. Probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios, conditioned on the proposed COD. Powered by InfraSure's generation modeling stack.

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See the full forecast + scenario decomposition for this project.

P50 conditioned on COD
Capacity factor vs cohort
Weather + policy scenarios
Financial Forecast

Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. The bankability view that determines whether the deal clears its covenants once online. Powered by InfraSure's asset cashflow stack.

Available on the InfraSure platform

See the full revenue + DSCR projection for this project.

Revenue conditioned on COD
Financing close risk
Cohort DSCR comparison
Market Context
Approximate
ISO / RTO
ERCOT
Trading Hub
HB_NORTH
Hub Confidence
MEDIUM
POI Substation
Navarro Switching Station

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.

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InfraSure platform

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