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.

שדה סולארי בטקסס
אייקון שדה סולארי

A solar field in Texas.

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טורבינת רוח

Covers over 2,450 acres.

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אייקון קיבולת חשמלית

Capacity: About 399 MW.

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אייקון משק בית

60,000 households

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אייקון התקדמות הבנייה

Construction Progress

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אייקון מגנט

Total investment: $435 M.

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Headline highlighting the numbers

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Capacity

399 MW.

Investment

$435 M.

Coverage Area

2,450 ac.

Households Powered

≈60,000

Completion Date

End of 2024

Location

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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

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Economic Impact

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

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Educational Initiatives

Partnerships with local schools and colleges for renewable energy education.

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Community Engagement

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

אייקון שקע חשמל Electrical Outlet Icon

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.

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