Construction is underway on the $524 million Lucy Solar Project in Concho County, Texas, marking a major renewable energy investment led by a consortium of South Korean and U.S. partners. Once completed, the 350-megawatt utility-scale solar facility is expected to generate approximately 926 gigawatt-hours of clean electricity annually, enough to power tens of thousands of homes each year.
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The project is being developed by “Team Korea,” a group comprising EIP Asset Management, Hyundai Engineering & Construction (Hyundai E&C), Korea Midland Power (KOMIPO), Korea Overseas Infrastructure & Urban Development Corporation, PIS Fund, and Topsun. The initiative reflects growing international confidence in Texas as a hub for large-scale renewable energy development.
Construction activities are projected to create around 500 jobs, providing a significant boost to the regional workforce. In addition, the Lucy Solar Project is expected to deliver nearly $5 million annually in property tax revenue, offering long-term financial support for local schools, infrastructure improvements, and essential public services throughout Concho County.
The solar farm will span nearly 2,900 acres of ranchland and incorporate advanced photovoltaic panels equipped with sun-tracking technology, allowing the facility to optimize energy production throughout the day.
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The Lucy Solar Project represents Hyundai E&C’s largest solar development outside Asia and marks KOMIPO’s third greenfield renewable energy project in the United States. The development highlights a broader trend of South Korean investment in U.S. renewable energy and manufacturing, particularly across Texas and other energy-friendly states.
Electricity generated by the project has already been pre-sold to major corporate customers through long-term virtual power purchase agreements (VPPAs). These agreements support corporate sustainability targets while helping Texas diversify its energy portfolio.
Primoris Renewable Energy, a division of Primoris Services, is serving as the engineering, procurement, and construction contractor for the project. KOMIPO will oversee long-term operations and maintenance once the facility is completed.
The Lucy Solar Project is scheduled to reach commercial operation by mid-2027, adding another large-scale renewable asset to Texas’ rapidly expanding clean energy infrastructure.
Originally reported by Power Technology.
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