Oriana Solar

ERCOT-24INR0093BetaActiveSolarBatteryERCOTLBNL

181 MW hybrid in Victoria, TX · In queue since August 2021 · Proposed COD November 2025

BA: ERCOISO/RTO: ERCOTNERC: TRERC: ERCOT

181 MW

Capacity

Components

Solar

4y 11m

In Queue

IA Executed

IA Phase

Signed Feb 2023

Status

Project statusOperationalTürkiye Today · 2025-10-30

Latest milestoneEPC contract awarded · 2023-10-30Bechtel · 2023-10-30

Expected CODQ2 2025Bechtel · 2023-10-30

Interconnection

Queue → IA

1y 6m

IA → COD

2y 9m

Total Duration

1y 6m

Schedule

8 months past proposed COD

Construction75%

Queue EntryAug 25, 2021

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 AgreementFeb 27, 2023

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 18–30 months

Commercial Operation

Proposed COD: 2025-11-15

Cross-source intelligence

Beta

High confidence·8 sources·as of 2026-06-01

Expected COD

Sep 2025

Developer

Sabanci Renewables

Recent ownership change

Status

Online

Online — commenced commercial operations September 2025, delivering power to ERCOT grid

Financing

Secured

$137M tax equity commitment from Advantage Capital, closed October 2024

Ownership history

2023-10·Advanced Power→Sabanci Renewablessource

Key milestones

IA executedFeb 27, 2023

Interconnection Agreement executed with ERCOT

source

Ownership changeOct 2023

Advanced Power sold 232MW Oriana project to Sabanci Renewables

source

GroundbreakingJan 2024

Construction began January 2024 with Bechtel as EPC contractor

source

Financing closeOct 1, 2024

$137M tax equity financing closed with Advantage Capital

source

COD targetSep 2025Most recent

Commercial operations commenced September 2025

source

Project lifecycle

as of 2023-10-06

PhaseConstructionPV Tech · 2023-10-06

OperationalNoPV Tech · 2023-10-06

TechnologyHybridPV Tech · 2023-10-06

DeveloperSabanci RenewablesPV Tech · 2023-10-06

About

Oriana Solar is a proposed 181 MW solar generation project located in Victoria County, Texas. The developer is Oriana Solar LLC. The project is in the ERCOT interconnection queue as entry ERCOT-24INR0093, with a queue entry date of August 25, 2021, and a proposed commercial operation date of April 6, 2025. The interconnection agreement (IA) has been executed as of February 27, 2023.

The proposed project is linked to the existing Oriana Solar LLC operating plant (EIA plant ID 65849). The project has been mentioned in recent news coverage.

Generated from interconnection queue and public data sources

ERCOT Queue

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

Victoria

Grid Region

ERCOT (Texas)

Market

ISO/RTO Member

Developer

Oriana Solar LLC

Utility

—

Entity

ERCOT

Service Type

—

Point of Interconnection

Tap 138kV 5502 Rayburn - 5584 Vanderbilt

Data Source

LBNL

DeveloperSabanci Renewables±Business Wire · 2024-10-01

EPC contractorBechtelBechtel · 2023-10-30

TransactionTax equity±Business Wire · 2024-10-01

Deal value$137.0MBusiness Wire · 2024-10-01

OfftakerAdvantage Capital±Business Wire · 2024-10-01

LenderAdvantage CapitalBusiness Wire · 2024-10-01

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): ORIANA_RN
POI Substation: Highlands 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 (4)Beta

Last updated 2026-03-26

View all articles

No Ask reports yet for this entity.

Ask about Oriana Solar

InfraSure platform

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

Oriana Solar (ERCOT-24INR0093) — Project Summary

Oriana Solar