Lupinus Solar 2 (ERCOT-24INR0154) — Project Summary

Queue ID
ERCOT-24INR0154
Capacity
242.31 MW
Technology
Solar+Battery
Status
active
Location
Franklin, TX
Region
ERCOT
Developer
Lupinus Solar 2, LLC
IA Status
IA Executed

Lupinus Solar 2

ERCOT-24INR0154BetaActiveSolarBatteryERCOTLBNL + Live

242.31 MW hybrid in Franklin, TX · In queue since December 2021 · Proposed COD April 2027

BA: ERCOISO/RTO: ERCOTNERC: TRERC: ERCOT

242.31 MW

Capacity

1

Components

Solar

4y 7m

In Queue

IA Executed

IA Phase

Signed Mar 2025

Interconnection

Queue → IA

3y 3m

IA → COD

2y 1m

Total Duration

3y 3m

Construction75%
Queue EntryDec 13, 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 AgreementMar 4, 2025

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 18–30 months

Commercial Operation

Proposed COD: 2027-04-03

Cross-source intelligence
Beta
High confidence·6 sources·as of 2026-06-01
Expected COD
2027
From queue filing
Developer
Sunraycer Renewables LLC
Filed as Lupinus Solar 2, LLC
Status
IA Executed
IA Executed (2025-03-04) — Construction started March 2026, financing secured ($901M package covering Lupinus I, II, and Eagle Springs), Google PPA signed March 2026
Financing
Secured
$901M financing package closed (early 2026) from five banks for three-project portfolio (479.5 MWac total) including Lupinus I, Lupinus II, and Eagle Springs
Key milestones
IA executedMar 4, 2025

Interconnection Agreement executed with ERCOT/Oncor

source
Financing closeFeb 2026

$901M financing package closed with five banks for Lupinus I, II, and Eagle Springs projects

source
GroundbreakingMar 17, 2026

Construction start celebrated for Lupinus I & II and Eagle Springs projects

source
COD targetApr 3, 2027Most recent

Target commercial operation date per LBNL queue filing

source
About

Lupinus Solar 2 is a proposed solar generation project with a total capacity of 244.24 MW. Located in Franklin County, Texas, the project is being developed by Lupinus Solar 2, LLC. It is currently in the ERCOT interconnection queue as entry ERCOT-24INR0154, with a queue entry date of December 13, 2021, and a proposed commercial operation date of April 3, 2027. The project's interconnection status is currently in the Facility Study phase. Recent news coverage indicates activity related to deals involving the project.

The proposed project consists of 244.24 MW of solar photovoltaic generation. Its point of interconnection is the 1794 Monticello Tap Substation at 138 kV.

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

Franklin

Grid Region

ERCOT (Texas)

Market

ISO/RTO Member

Developer

Lupinus Solar 2, LLC

Utility

Entity

ERCOT

Service Type

Point of Interconnection

Hagansport Switch (old Monticello Tap bus# 1794)

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_NORTH
Hub Confidence
MEDIUM
POI Substation
Monticello 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.

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InfraSure platform

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