Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
03.24.25
Pillsbury advised Nofar USA on its recent development arrangements for two Texas-based utility-scale energy-storage projects, Bracero Pecan (230MW/460MWh) in Reeves County, and Fairway (120MW/240MWh) in Freestone County. The company is powered by and also serves as the U.S. territory arm for global renewable energy company, Nofar Energy (TASE: NOFR).
As part of the development agreement, Nofar USA, a wholly owned subsidiary of Nofar Energy, and Qcells USA Corp. will partner to develop and construct the projects, which will have a total capacity of 350MW with a two-hour duration (total of 700MWh).
As stated in a press release, Bracero Pecan, situated south of Pecos in ERCOT West, and Fairway, located approximately 60 miles southeast of Dallas in ERCOT North, are strategically positioned to improve grid resiliency and provide critical support to Texas’ evolving renewable energy landscape.
Qcells will support the development of the projects while Nofar, as the sponsor and full owner, will deploy and operate them. Construction is expected to commence later this year, with the goal of bringing the projects online in 2027.
To learn more about the transaction, click here.
The Pillsbury deal team was led by Finance partner Shellka Arora-Cox and included Environmental & Natural Resources partner Jeffrey Knight and associate Steven Brenner; Real Estate partner Adam Weaver and associate Cait Horner; Intellectual Property partner Sandro Serra; Tax partner Don Lonczak; Finance senior associate Olivia Lugar; and Corporate associates Isabella Borges and Dayo Ajanaku.