Beekman and Hollis Creek Solar Projects will support energy independence and provide strong economic benefits for Louisiana communities

Treaty Oak Clean Energy, LLC (“Treaty Oak”), a US independent power producer (“IPP”), announced today that it has closed financing and commenced construction on two major solar projects in Louisiana: the Beekman Solar Project in Morehouse Parish and the Hollis Creek Solar Project in Sabine Parish. Together, these projects will add 385 MW of new renewable capacity to the state.

“Closing the financing for these two projects during a challenging economic year for renewable energy projects underscores our strong business model and commitment to bringing energy independence to states like Louisiana,” said Chris Elrod, CEO of Treaty Oak. “I’m incredibly proud of our teams and grateful to our financing partners, suppliers, and vendors for their collaboration in making these projects a reality while supporting our commitment to build a U.S. based supply chain for our customers.”

The Beekman Solar Project closed financing on November 20, 2025, while the Hollis Creek Solar Project closed on December 19, 2025. The projects will provide solar to Meta Platforms, Inc. (“Meta”) through recently announced long-term offtake agreements and mark another significant step forward in Treaty Oak’s commitment to expanding clean energy infrastructure and supporting local communities.

“SMBC is committed to supporting global energy infrastructure and proud to lead this financing for Treaty Oak as they grow the platform into a first-class U.S. renewable power producer,” said Paul Jun, Group Head, Power & New Energies North America at SMBC.

Beekman Solar Project

The Beekman Solar Project financing totals $410 million in non-recourse senior secured credit facilities, including a construction-to-term loan, a tax credit bridge loan, and letter of credit facilities. 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 LLP, while lenders were represented by Paul Hastings LLP.

Beekman’s EPC partners include Blattner Energy for PV construction and Dashiell for high-voltage work, with modules supplied by First Solar and includes advanced tracker technology from Nextpower.

Elrod added, “Our partnership with First Solar is another example of our commitment to build a U.S. based supply chain and a joint commitment to Louisiana, where they recently inaugurated their fifth US manufacturing facility. We are proud to partner with technology leaders like First Solar who are helping pave for the way for more US manufactured solar modules and the continued growth of affordable and reliable renewable power generation capacity in America.”

Hollis Creek Solar Project

The Hollis Creek Solar Project financing totals $399 million in non-recourse senior secured credit facilities, 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 LLP and lenders by Paul Hastings LLP.

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 advanced tracker technology from Nextpower.

Both projects are expected to achieve commercial operations in the first half of 2027. Combined, Beekman and Hollis Creek will generate enough clean energy to power approximately 80,000 homes. Over their lifetimes, the projects are expected to contribute more than $100 million in state and local tax revenue and create approximately 300 jobs during peak construction.

Treaty Oak Clean Energy remains committed to supporting energy independence for growing communities and delivering projects that provide long-term benefits to communities and stakeholders. For more information, visit https://www.treatyoakcleanenergy.com/our-projects.

About Treaty Oak Clean Energy

Headquartered in Austin, Texas, Treaty Oak develops, builds, and operates clean energy projects in targeted US markets. ​We work with consumers and communities to create reliable, cost-effective energy solutions benefiting generations to come. Treaty Oak is a Macquarie Asset Management portfolio company, operating on a stand-alone basis. More information on Treaty Oak is available at treatyoakcleanenergy.com.

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