Construction has officially commenced on the Lucy Solar Project, a 350-megawatt (MW) utility-scale solar facility in Concho County, Texas, marking a major milestone for one of the largest Korean-led renewable energy investments in the United States. The groundbreaking ceremony took place this week in Dallas, after weather conditions necessitated a change in venue.
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Valued at approximately $524 million, the Lucy Solar Project is scheduled to begin commercial operations by mid-2027. Once completed, the facility is expected to produce about 926 gigawatt-hours (GWh) of clean electricity annually—enough to power nearly 65,000 homes across Texas. The project is also projected to create around 500 construction jobs and generate roughly $5 million per year in property tax revenue for Concho County, supporting schools, infrastructure improvements and essential public services.
The project is being developed by a consortium known as “Team Korea,” which brings together South Korean and U.S. partners. The group includes Hyundai Engineering & Construction, Korea Midland Power (KOMIPO), Korea Overseas Infrastructure & Urban Development Corporation (KIND), PIS Fund, Topsun and EIP Asset Management, alongside Texas-based co-developer High Road Energy Marketing.
For Hyundai Engineering & Construction, Lucy Solar represents its largest solar development outside Asia, while KOMIPO is advancing its third greenfield renewable energy project in the U.S. KOMIPO will also oversee the long-term operations and maintenance of the facility once it becomes operational.
The Lucy Solar Project will span nearly 2,900 acres of ranchland and incorporate hundreds of thousands of photovoltaic panels equipped with sun-tracking technology to maximize energy output. Primoris Renewable Energy, a subsidiary of Primoris Services Corporation, has been appointed as the engineering, procurement and construction (EPC) contractor.
Power generated by the project has already been secured through long-term virtual power purchase agreements (VPPAs) with major corporate offtakers pursuing 100% renewable energy goals. Developers note that the project comes at a critical time as Texas experiences rapidly rising electricity demand driven by population growth, electrification trends, data center expansion and increased manufacturing activity.
Beyond energy production, the Lucy Solar Project includes the RAIN-UP program, which allocates a portion of project revenues to support socially disadvantaged farmers, ranchers and local communities. The initiative aims to link large-scale renewable energy development with inclusive economic growth at the local level.
Lucy Solar joins several other major utility-scale solar developments underway in West Texas, including the Greyhound A Solar Project. Together, these projects underscore the region’s growing role in strengthening the ERCOT grid and meeting Texas’ escalating power demand through large-scale renewable energy investments.
Origiinally reported by Construction Review Online.
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