Lupinus Solar 3 (ERCOT-24INR0484) — Project Summary

Queue ID
ERCOT-24INR0484
Capacity
100.8 MW
Technology
Solar+Battery
Status
active
Location
Franklin, TX
Region
ERCOT
Developer
Lupinus Solar 2, LLC
IA Status
IA Executed

Lupinus Solar 3

ERCOT-24INR0484BetaActiveSolarBatteryERCOTLBNL

100.8 MW hybrid in Franklin, TX · In queue since September 2023 · Proposed COD September 2026

BA: ERCOISO/RTO: ERCOTNERC: TRERC: ERCOT

100.8 MW

Capacity

1

Components

Solar

2y 10m

In Queue

IA Executed

IA Phase

Signed Mar 2025

Interconnection

Queue → IA

1y 6m

IA → COD

1y 6m

Total Duration

1y 6m

Construction75%
Queue EntrySep 23, 2023

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: 2026-09-21

Cross-source intelligence
Beta
High confidence·8 sources·as of 2026-06-01
Expected COD
Sep 2026
From queue filing
Developer
Sunraycer Renewables
Filed as Lupinus Solar 2, LLC
Status
IA Executed
IA Executed (March 2025) — Construction started March 2026, financing closed May 2026 ($901M facility), on track for Q3 2026 COD
Financing
Secured
$901 million project financing closed May 2026 with five banks for three-project Texas portfolio including Lupinus sites; PPAs signed with Google
Key milestones
IA executedMar 4, 2025

Interconnection Agreement executed with ERCOT

source
GroundbreakingMar 17, 2026

Construction started on Lupinus I & II solar+storage projects in Franklin County

source
Financing closeMay 15, 2026

$901M financing closed with five banks for 473 MWh BESS portfolio including Lupinus projects

source
COD targetSep 2026Most recent

Target commercial operation date per LBNL queue and construction timeline

source
About

Lupinus Solar 3 is a proposed solar generation project located in Franklin County, Texas, within the ERCOT region. The development project, with a total capacity of 100.8 MW, is being developed by Lupinus Solar 2, LLC. It consists of 100.8 MW of solar photovoltaic generation.

The project is listed in the ERCOT interconnection queue as entry ERCOT-24INR0484, with a queue entry date of September 23, 2023. The proposed commercial operation date is September 21, 2026, and its interconnection agreement status is currently in the Facility Study phase. The point of interconnection is the 1794 Monticello Tap 138 kV. The 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

Franklin

Grid Region

ERCOT (Texas)

Market

ISO/RTO Member

Developer

Lupinus Solar 2, LLC

Utility

Entity

ERCOT

Service Type

Point of Interconnection

1794 Monticello Tap 138 kV

Data Source

LBNL

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.