Palomino Solar

PJM-AG1-107BetaActiveSolarPJMLBNL + Live

150 MW generation in Highland, OH · In queue since August 2020 · Proposed COD August 2027

BA: PJMISO/RTO: PJMNERC: RFCRC: PJM

150 MW

Capacity

Components

Solar

5y 11m

In Queue

IA Executed

IA Phase

COD target: 2027

Status

Latest milestonegroundbreaking ceremony · 2024-10-22The Times Gazette · 2025-11-03

Interconnection

Total Duration

7 years

Construction75%

Queue EntryAug 31, 2020

Interconnection request submitted to ISO/RTO

System Impact Study

PJM processes interconnection requests through multi-phase System Impact Studies (SIS).

Typical: ~48 months (historically longest)

Interconnection Agreement

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 12–24 months

Commercial Operation

Proposed COD: 2027-08-15

Cross-source intelligence

Beta

High confidence·2 sources·as of 2026-06-01

Expected COD

2026

Queue date 1–2 years staleQueue: 2027-08-15

Developer

Innergex

Filed as Palomino Solar, LLC

Status

Construction

Construction — groundbreaking held October 22, 2024, project now in active construction phase

Financing

Secured

Financing secured to enable groundbreaking in October 2024; specific terms not publicly disclosed

Key milestones

Permit approvedApr 20, 2023

Ohio Power Siting Board approved Palomino Solar project

source

GroundbreakingOct 22, 2024Most recent

Innergex held groundbreaking ceremony for 150-200 MW Palomino Solar project

source

Project lifecycle

as of 2023-04-20

OperationalNoiHeart · 2023-04-20

TechnologySolariHeart · 2023-04-20

DeveloperPalomino Solar, LLC±iHeart · 2023-04-20

Permit decisionGrantediHeart · 2023-04-20

About

Palomino Solar is a proposed 150 MW solar generation project located in Highland County, Ohio. The project, which is in the PJM interconnection queue as entry AG1-107, is being developed within the AEP utility territory. The queue entry date is August 31, 2020, with a proposed commercial operation date of August 15, 2027. Its interconnection status is currently in the Facility Study phase.

The Palomino Solar project has been the subject of recent news coverage, with 14 articles appearing in the press. These articles primarily focus on regulatory and industry aspects of the project, with some coverage of its development.

Generated from interconnection queue and public data sources

PJM 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

Highland

Grid Region

PJM Interconnection

Market

ISO/RTO Member

Developer

—

Utility

AEP

Entity

PJM

Service Type

NRIS

Point of Interconnection

Hillsboro-Middleboro 138 kV

Data Source

LBNL + Live

DeveloperInnergexThe Times Gazette · 2025-11-03

ApplicantPalomino Solar, LLCiHeart · 2023-04-20

AgencyOhio Power Siting BoardiHeart · 2023-04-20

RulingApproval±iHeart · 2023-04-20

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: PJM
Trading Hub: AEP-DAYTON HUB
Hub Confidence: MEDIUM

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 (3)Beta

Last updated 2026-03-26

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InfraSure platform

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

Palomino Solar (PJM-AG1-107) — Project Summary

Palomino Solar