Treaty Oak Clean Energy has secured a

$410 million

financing package for the construction of the

185 MW Beekman solar project

in

Morehouse Parish, Louisiana

, reaching

financial close on November 20, 2025

. The project forms part of a broader

385 MW buildout

alongside the Hollis Creek solar project.

The key insight is the financing structure. The deal was executed through

non-recourse senior secured credit facilities

, including a

construction-to-term loan

, a

tax credit bridge loan

, and

letter of credit facilities

. This structure ring-fences project risk and confirms lender confidence in execution, offtake, and tax credit monetization.

The lender group—

SMBC

,

ING Capital

,

Crédit Agricole

,

MUFG

, and

National Australia Bank

—is underwriting a fully contracted, late-stage asset rather than taking development exposure. That distinction matters in a market where early-stage capital remains selective and pricing discipline is tight.

On the revenue side, the project benefits from a

long-term corporate offtake agreement with Meta Platforms

, under which Meta purchases the project’s

environmental attributes

. This offtake structure underpins bankability without introducing wholesale price risk, aligning well with non-recourse construction financing.

Execution risk is further reduced through equipment selection, with

First Solar modules

and

Next power tracker technology

, supporting Treaty Oak’s stated focus on a

domestic supply chain

and local engagement.

Commercially, the deal signals that large-scale solar projects with contracted revenues, compliant supply chains, and clean construction risk allocation can still access deep pools of bank capital, even as broader renewable financing remains cautious.

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