Treaty Oak Clean Energy, an independent renewable energy power producer, announced the financial closure and commenced construction on two solar projects located in Louisiana, the Beekman Solar Project in Morehouse Parish and the Hollis Creek Solar Project in Sabine Parish. Both projects have a total capacity of 385 MW.
The Beekman solar project secured a total financing of $410 million in non-recourse senior secured credit facilities, which include a construction-to-term loan, a tax credit bridge loan, and a letter of credit facility.
Coordinating Lead Arrangers for Beekman include SMBC, ING Capital, Crédit Agricole CIB, MUFG, and National Australia Bank, each serving as Bookrunner, Green Loan Coordinator, and Hedge Provider. Treaty Oak was advised by Latham & Watkins, while lenders were represented by Paul Hastings.
Beekman’s EPC partners include Blattner Energy for PV construction and Dashiell for high-voltage work, with modules supplied by First Solar and include tracker technology from Nextpower.
The Hollis Creek solar project secured a financing of $399 million in non-recourse senior secured credit facilities, which is structured similarly to Beekman’s financing. Coordinating Lead Arrangers include SMBC, ING Capital, Crédit Agricole CIB, MUFG, and National Australia Bank, with Treaty Oak advised by Latham & Watkins and lenders by Paul Hastings.
Hollis Creek will be constructed by Primoris Renewable Energy, part of Primoris Services Corporation for the photovoltaic facilities and Beta Engineering for high-voltage facilities and will include tracker technology from Nextpower.
The Beekman Solar Project closed financing on November 20, 2025, while the Hollis Creek Solar Project closed on December 19, 2025. Both the projects are expected to begin commercial operations in the first half of 2027.
According to Mercom’s 9M and Q3 2025 Solar Funding and M&A report, large-scale project funding increased by 43% in the first nine months of 2025 compared with the same period in 2024.
In January, Adapture Renewables, a utility-scale solar and energy storage project developer, announced the closing of $233 million in tax equity financing commitments. The financing was secured from U.S. Bank for the development of two solar projects within its Titanium portfolio in Illinois and Arkansas.
