September 21, 2025

Lamar County’s Solar Project Goody Secures Major Funding

News Summary

Nexus Renewable Power has announced securing $220 million for Project Goody, a solar and storage initiative in Lamar County, Texas. With a capacity of nearly 172 megawatts of solar power and 237 megawatt-hours of energy storage, the project aims to provide sustainable energy for thousands of homes. Construction is underway, and financial backing from investors like Goldman Sachs and Meta highlights its importance for a cleaner energy future. Named in honor of Navy SEAL Michael R. “Goody” Goodboe, this venture symbolizes both progress in renewable energy and a tribute to heroism.

Texas – Nexus Renewable Power has successfully secured $220 million in funding for its solar and storage project located in Lamar County, Texas, known as MRG Goody Solar and Storage, or Project Goody. This announcement was made on Friday and marks a significant advancement in the company’s efforts toward renewable energy development.

Project Goody will boast a substantial capacity of nearly 172 megawatts AC of solar power generation along with 237 megawatt-hours of energy storage. Construction on the project is already underway, with expectations to commence operations by the end of this year. This project is the first among several that Nexus Renewable Power is developing and constructing, contributing to its growing portfolio in the clean energy sector.

The financing for Project Goody includes contributions from major investment entities, with Goldman Sachs and Meta being pivotal partners. Goldman Sachs is providing preferred equity financing which is part of a hybrid tax financing structure for the project, facilitating the financial requirements necessary for its progress. Meta will utilize the electric output generated by the project to power its data center, aligning with its commitment to utilize clean and renewable energy sources.

Prior to this funding announcement, Nexus Renewable Power had already secured $400 million through previously announced financing commitments for its various projects. Furthermore, the recent funding complements an earlier financial arrangement of $300 million with HPS Investment Partners, along with an additional $100 million obtained through a joint venture focused on carbon credit financing with Nexus-Bad Carbon.

Nexus CEO Sargon Daniel stated that the collaboration with strong partners differentiates Nexus in the ERCOT (Electric Reliability Council of Texas) market, reinforcing the company’s long-term focus on sustainable energy solutions. This project reflects the increasing reliance on clean energy solutions across Texas, aligning with the state’s broader market trends aimed at enhancing sustainable energy practices.

The initiative is also dedicated to honoring the memory of Michael R. “Goody” Goodboe, a decorated Navy SEAL who lost his life while serving overseas. The project is named after Goodboe, who served in Iraq, Afghanistan, Eastern Europe, and Africa before his death on November 24, 2020.

This funding and the development of Project Goody demonstrate the ongoing momentum in Texas’s renewable energy landscape, as companies increasingly invest in clean energy infrastructure to meet both environmental standards and growing energy demands.

Overall, Nexus Renewable Power’s latest funding achievement signals a strong commitment to the transition toward renewable energy, tapping into the financial backing from significant partners to propel innovations in solar and storage solutions while addressing increasing energy needs with cleaner alternatives.

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