OCI Energy and Arava Power have signed a membership interest purchase agreement (MIPA) for the 670 MWdc La Salle Solar project. The project is located in La Salle County, Texas. Under the agreement, Arava Power will acquire a 50 per cent stake in the project, with both companies jointly financing, constructing, owning, and operating the plant. 

The agreement marks the third collaboration between the two companies in the Texas renewable energy market. Additionally, the project is expected to generate clean electricity sufficient to power approximately 100,000 homes. The project is expected to commence commercial operations in 2028. La Salle Solar is projected to generate enough clean electricity to power nearly 100,000 homes.

In September 2025, OCI Energy closed construction financing for Project Alamo City, a standalone battery energy storage system (BESS) project in Bexar County, Texas. The financing package consists of a construction-to-term loan, a tax equity bridge loan, and letters of credit. The debt was underwritten by ING, which acted as sole coordinating lead arranger, bookrunner, and green loan coordinator, in addition to serving as administrative agent.