Ferrovial to develop 250 MW solar facility in Milam County, Texas

Rhea-AI Summary

Ferrovial (FER) has announced plans to develop a 250 MW solar photovoltaic facility in Milam County, Texas, with a total investment of $355 million. The project will generate approximately 450 GWh of electricity annually, enough to power 43,000 homes.

Construction is set to begin in the coming months, creating 300 jobs during the build phase, with power generation expected to start by 2027. The facility adds to Ferrovial's existing energy portfolio in Texas, which includes a 257 MWdc plant in Leon County and a 72 MW PV plant near Houston.

Positive

• Investment of $355 million demonstrates significant commitment to renewable energy expansion
• Project will create 300 new jobs during construction phase
• Facility will generate 450,000 MWh annually, powering 43,000 homes
• Strengthens Ferrovial's energy portfolio in Texas alongside existing projects

Negative

• Long development timeline with operations not starting until 2027
• Significant capital expenditure may impact short-term financial flexibility

The project will bring reliable electricity to the grid and drive long-term economic growth in the region

AMSTERDAM, Aug. 26, 2025 /PRNewswire/ -- Ferrovial, a leading global infrastructure company, will develop a new 250 MW solar photovoltaic facility, located in Milam County, Texas. The project represents a total investment of approximately $355 million, including debt. Ferrovial will be responsible for the construction, operation, and maintenance of the facility, which will deliver reliable electricity to the Texas grid and support long-term economic growth in the region.

"This project is a strong example of how infrastructure investment can directly benefit communities," said María José Esteruelas, Ferrovial Energy CEO. "As data centers multiply and energy needs continue to increase, this facility will bring lasting value to the region by creating jobs, supporting local services and strengthening energy reliability."  

Construction is scheduled to begin in the coming months, generating nearly 300 jobs during the build phase. The facility is expected to produce power by 2027 and deliver approximately 450 GWh (450,000 MWh) of electricity annually–enough to serve 43,000 homes.  

The project adds to Ferrovial's energy portfolio in Texas, complementing a 257 MWdc plant in Leon County. The Company is also nearing construction completion of a 72 MW PV plant in the Houston area for its client X-Elio. 

About Ferrovial

Ferrovial is one of the world's leading infrastructure companies. The Company operates in more than 15 countries and has a workforce of over 25,000 worldwide. Ferrovial is triple listed on Euronext Amsterdam, the Spanish Stock Exchanges and Nasdaq and is a member of Spain's blue-chip IBEX 35 index. It is also included in globally recognized sustainability indices such as the Dow Jones Best in Class Index (former Dow Jones Sustainability Index) and strives to conduct all of its operations in compliance with the principles of the UN Global Compact, which the Company adopted in 2002.

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SOURCE Ferrovial

FAQ

What is the capacity and investment value of Ferrovial's new Texas solar facility?

The facility will have a 250 MW capacity with a total investment of $355 million, including debt.

How many homes will Ferrovial's Milam County solar facility power?

The facility will generate 450 GWh of electricity annually, enough to power 43,000 homes.

When will Ferrovial's new Texas solar facility begin operations?

Construction will begin in the coming months, with power generation expected to start by 2027.

How many jobs will Ferrovial's new solar project create in Texas?

The project will generate nearly 300 jobs during the construction phase.

What other energy projects does Ferrovial have in Texas?

Ferrovial operates a 257 MWdc plant in Leon County and is completing a 72 MW PV plant near Houston for X-Elio.