Powering Texas with Renewable Energy
Tierra Bonita: 399 MW of Solar Power for 60,000 Households
Tierra Bonita Project Overview
The Tierra Bonita Project is a solar facility in Pecos County, West Texas, covering around 2,200 acres with a 306 MWac capacity. The facility produces electricity equivalent to the annual consumption of about 75,000 households and is expected to reduce CO2 emissions by 400,000 tons per year.
60% of the electricity generated is sold to CPS Energy, the nation’s largest municipally owned electric and gas utility, under a 20-year Power Purchase Agreement.
Tierra Bonita was established at a total cost of $435M, of which Ashtrom Renewable Energy has invested $165M in equity. Tierra Bonita is the first-of-its-kind agreement under the Inflation Reduction Act (IRA) legislation for the transfer and sale of project tax credits in consideration of $300M over 10 years.
Ashtrom Group has recently entered into an investment agreement with institutional entities from Clal Insurance and Finance Group and Menorah Mivathim Holdings Ltd. Under the agreement, these entities will acquire approximately 36% of Tierra Bonita Partners LLC, which holds the rights to the Tierra Bonita solar project, in exchange for approximately $79 million. This transaction reflects a valuation of approximately $220 million for the property company.


A solar field in Texas.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros.

Covers over 2,450 acres.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros.

Capacity: About 399 MW.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros.

60,000 households
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros.

Construction Progress
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros.

Total investment: $435 M.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros.
Headline highlighting the numbers
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla.
Capacity
399 MW.
Investment
$435 M.
Coverage Area
2,450 ac.
Households Powered
≈60,000
Completion Date
End of 2024
Location
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique.
תל אביב-יפו, ישראל
Environmental Due Diligence
- Ashtrom Renewable Energy has conducted several environmental and social studies to ensure compliance with federal, state, and local regulations, which include proposed management and mitigation measures.
- We proudly conform to the Equator Principles, a voluntary set of risk management procedures for determining, assessing, and managing the environmental and social risks of projects.
- Tierra Bonita has a 30-year design life and is expected to have a low risk of both, sound impacts and visual impacts in its lifespan with the nearest residence to Tierra Bonita located approximately 2,500 feet from the Project site.
Community Benefits

Economic Impact
Domestic jobs created by the project and boost to local economy.

Educational Initiatives
Partnerships with local schools and colleges for renewable energy education.

Community Engagement
Details on community engagement and ways for local people to get inavolved.

Power Purchase Agreement
60% of Tierra Bonita's electricity will go to San Antonio under a 20-year PPA, the second largest in Texas in 20 years.