Monarch Private Capital and Elawan Energy Achieve Milestone with Completion of Two Solar Projects in Texas

Monarch Private Capital and Elawan Energy have reached a significant milestone with the substantial completion of two utility-scale solar projects in Hill County and Bosque County, Texas. The projects, Pitts Dudik and Dileo, signify a joint commitment to advancing clean energy and sustainability initiatives.

Pitts Dudik boasts a capacity of 60.26 MWdc, while Dileo contributes an additional 86.67 MWdc, resulting in a combined capacity of approximately 147 MWdc. These projects are set to provide clean and renewable energy to the region, marking a notable achievement in the transition towards sustainable resources.

Bryan Didier, Partner & Managing Director of Renewable Energy at Monarch, expressed pride in the collaboration, highlighting the projects as exemplars of tax credit equity investments. He noted their role in accelerating the energy transition while stimulating economic growth, job creation, and innovation in Texas communities.

The positive impact of these projects extends beyond energy generation. Over the next four decades, they are expected to abate 4,688,232 CO2e MT, equivalent to the greenhouse gas emissions from over a million gasoline-powered passenger vehicles driven for one year. Additionally, the projects will create nearly 600 jobs, further contributing to local economic development.

Gonzalo Rodriguez Tortosa, Business Development Officer and Chief Operating Officer at Elawan Energy North America, expressed delight in the completion of the solar projects. He extended gratitude to Hill and Bosque counties for their support and emphasized the positive impact on local communities, both economically and in the reduction of greenhouse gas emissions