Korean-Led 350-MW Lucy Solar Project Boosts Texas Renewable Energy
Work on a Korean-led utility-scale solar project in the heart of Texas is now under way.
A U.S.and South Korea partnership gathered in Concho County to inaugurate the 350-MW Lucy Solar Project. The $524 million project is developed by a group of South Korean and U.S. partners, titled Team Korea, that includes Hyundai Engineering & Construction (Hyundai E&C), Korea Midland Power (KOMIPO), the Korea Overseas Infrastructure & Urban Development Corporation (KIND), PIS Fund, Topsun, and investment manager EIP Asset Management.
“This project is a great win for Concho County – it’s bringing jobs, resources and long-term revenue that will benefit the local community,” said Darrick Eugene, CEO of High Road Energy Marketing, the Texas-based co-developer of the project, in a statement. “By partnering with international firms, we’re showing how global energy investment can directly boost our local economy and quality of life.”
Lucy Solar is expected to be operational by mid-2027. It is designed to generate an estimated 926 GWh of carbon-free electricity annually, enough to power roughly 65,000 Texas homes.
KOMIPO marks it as the 3rd project in a series of U.S. greenfield renewable development projects. The project will cover nearly 2,900 acres of ranchland and include many photovoltaic panels to maximize energy output.
Primoris Renewable Energy, a division of Primoris Services Corporation, will serve as the engineering, procurement and construction contractor, with KOMIPO managing plant operations and maintenance long-term.
Texas’ power demand is growing due to population growth, electrification and the expansion of large electricity users such as data centers and manufacturing facilities, with one forecast projecting a further 14 percent rise in statewide electricity demand by mid-2026 unless new resources become operational.
The plant’s output has been pre-sold through long-term virtual power purchase agreements to corporations committed to 100 percent renewable energy. The project not only supports corporate sustainability goals but also contributes to Texas’ efforts to diversify its energy mix by delivering clean power to these companies.
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