1. Ferrovial to develop a 250 MW solar facility in Texas. 2. Total investment of $355 million, enhancing the Texas energy grid. 3. Project expected to create 300 jobs during construction phase. 4. Facility to provide 450 GWh of electricity annually by 2027. 5. Investment supports long-term economic growth and energy reliability.
The development of the solar facility indicates strong growth potential. Historical investments in renewable energy often boost stock performance.
The investment in renewable energy aligns with industry trends, indicating potential stock price elevation. FER's activity in Texas highlights operational growth which may resonate positively in stock markets.
The facility will take time to construct and generate revenue, influencing long-term growth. Similar projects in Texas have led to sustained increases in local economies and energy dependability.
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