Carey International Group And SYMX Energy Begin Construction Of Utility-Scale Solar Portfolio

Carey International Group, a diversified holding company focused on expanding its North American assets in energy and renewables, commercial real estate, and financial services, has increased its construction financing commitments for its energy platform to $870 million. This funding will support various projects under the CIG energy platform company. Construction has officially begun, led by SYMX Energy Corp., a wholly owned subsidiary of SYMX Holdings Corporation, a global leader in engineering, procurement, and construction (EPC) services.

Andrew Ramos, President and CEO of SYMX, stated, “Our execution of these projects with the Carey International Group (“CIG”) reflects SYMX’s strategic focus on growing our U.S. renewable energy platform. We are extremely proud of our teams, whose expertise and dedication continue to drive SYMX’s successful expansion across the United States in response to the consistently strong demand for renewable energy. In addition, our construction commitments are a significant milestone accomplishment for our pipeline of energy projects and our partnership with CIG Companies.”

Christopher Kane, CIG’s Chief Investment Officer, also added, “Today’s announcement is a major step towards the realization of delivering cost-effective electricity to the ERCOT marketplace. Utility-scale solar is still the lowest levelized cost of production when compared to other forms of generation. It will continue to be an efficient way to supply our grids and power the megatrends of artificial intelligence, data center growth, and industrial reshoring in the United States. With the formal start of construction, we intend to deliver utility-scale solar assets starting in the summer of 2026.”

SYMX Energy is expected to start delivering operational energy fields by 2026, bringing affordable electricity to customers across the United States. This increased financial commitment highlights SYMX’s strong capability to successfully deliver infrastructure and energy projects, reinforcing Carey International Group’s ongoing investment in expanding energy assets.