The floating solar project has the potential to generate up to 500MW of renewable energy.
The initiative aims to generate up to 500 megawatts of clean energy, with an estimated investment exceeding $700 million. By installing solar panels on water bodies, the project also seeks to reduce evaporation losses, potentially preserving approximately 15% of freshwater in a region facing water scarcity challenges. The floating solar installations are designed to optimize land use, leaving agricultural areas untouched while producing cost-effective energy.
“This agreement demonstrates the growing appetite for utility-scale energy solutions and highlights how floating solar can enhance and transform the value of existing infrastructure, all while providing cost-competitive energy, preserving agricultural land, reducing evaporation losses and existing out of public view,” said Jaimeet Gulati, CEO of Third Pillar Solar. “We’re honored to be the chosen partner for such an innovative initiative.”
Construction of the projects is scheduled to begin with completion targeted by 2030, creating local employment opportunities during both construction and operational phases. The collaboration will also focus on local supply chain initiatives, leveraging the combined expertise of both companies to deliver community benefits and support regional economic growth.
“Our agreement with Third Pillar marks a bold step forward in how we think about infrastructure and sustainability,” said Ed Noack, CEO of Diamond Infrastructure Solutions. “By transforming underutilized water surfaces into clean energy assets, Diamond is advancing its commitment to innovation while delivering long-term value. It’s a win for industry, communities, and the environment.”
Set to become the largest floating solar installations in the Americas, these projects highlight the multifaceted benefits of floating solar technology. By generating renewable energy, optimizing land use, and conserving water, the partnership between Third Pillar Solar and Diamond Infrastructure Solutions represents a significant step toward sustainable energy solutions in Texas, contributing to both environmental and economic objectives.
