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Sol Systems said August 21, 2026 that it has acquired the 200 MW-ac Lumberton Solar Project from DESRI, adding another utility-scale asset to its clean energy portfolio.
The project is in Hardin County, Texas, and is backed by a long-term power purchase agreement, according to the announcement. Sol Systems said the acquisition supports its strategy of building, owning, and operating clean energy infrastructure across the United States.
The company described the deal as its second project acquisition of 2026. It said the transaction reflects its approach to expanding its independent power producer platform through strategic acquisitions and direct project origination.
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"Lumberton is exactly the kind of high-quality project that strengthens our portfolio and advances Sol Systems' strategy of pairing disciplined growth with long-term community value", said Andrew Grin, Senior Vice President of M&A and Strategic Partnerships at Sol Systems. "DESRI advanced a high-quality project in an important power market, and we are pleased to build on that work as we move Lumberton toward construction and long-term operation. We look forward to working with Hardin County, our project partners, and our energy customers to ensure the project delivers durable local and clean energy value."
DESRI said it advanced the Lumberton Solar Project through development, permitting, and commercialization. The companies said the transaction builds on their existing relationship and reflects a shared commitment to deploying utility-scale clean energy infrastructure.
"The Lumberton Solar Project reflects DESRI's commitment to developing high-quality clean power assets that deliver value for local communities, energy customers, and project stakeholders", said Hy Martin, Chief Development Officer at DESRI. "After many years in development, our team is pleased to complete this transaction with Sol Systems, a respected industry partner, and look forward to seeing the project advance toward construction and operation while supporting economic growth and clean energy generation in Hardin County, Texas."
Sol Systems said the project is expected to bring economic benefits to Hardin County through construction employment, long-term tax revenues, and local investment. The company also said it will work with local stakeholders to identify opportunities for the project to support community priorities over its operating life.
The acquisition, Sol Systems said, underscores its continued growth as a national Independent Power Producer and its focus on developing clean energy infrastructure intended to support customers, strengthen local economies, and deliver long-term value for communities.
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