OCI Energy and Arava Power Secure $394M Construction Financing for 347 MW Solar Project with ING Capital

Deal Summary

OCI Energy LLC and Arava Power announced the closing of construction financing for the 347 MWdc Project SunRoper in Texas, with ING Capital LLC serving as lead arranger, bookrunner and green loan coordinator. The $394 million financing package includes a construction‑to‑term loan, a tax‑equity bridge loan and letters of credit, backed by a 20‑year PPA with a Fortune 100 off‑taker.