# Phoebe Solar

ERCOT Solar Photovoltaic · https://askthegrid.com/ercot/assets/plant/phoebe-solar

Phoebe Solar is a 250 MWac / 315 MWdc photovoltaic facility in Winkler County, Texas. EIA's May 2026 inventory lists one operating generator under Plant ID 61906, with service beginning in November 2019 and Phoebe Energy Project LLC as the registered operator. In 2024 Innergex sold a 49.9% interest in Phoebe while retaining operating control and a majority interest.
Utility-scale solar generation in ERCOT. 250 MWac EIA nameplate · 315 MWdc project rating. Innergex retained operating control and a 50.1% interest after a 2024 minority sale. First Solar Series 6 modules · Shell Energy power hedge covering 89% of expected output at financing.

## Key facts

- Technology: Solar Photovoltaic
- Power capacity: 250 MW
- Operating status: operating

## Grid and market context

- ISO/RTO: ERCOT
- Balancing authority: ERCOT
- Settlement node: PHOEBE_ALL
- Market resources: PHOEBE_UNIT1, PHOEBE_UNIT2

## Settlement price economics

Observed ERCOT settlement prices at PHOEBE_ALL, 2025-07-26 to 2026-07-25 (364 days, 8,732 settled hours).

- Average price: $38.83/MWh
- Hourly range: -$30 to $1,160/MWh
- Negative price hours: 873
- TB2 spread benchmark: $62.3/kW-yr
- Average daily top/bottom spread: $85.52/MWh

The TB2 figure is a price benchmark, not revenue. It values one perfect-foresight cycle per day, gross of round-trip losses, and excludes ancillary services. It is not this asset's realized capture and assumes no dispatch.

## Source-backed facts

- Capacity dc mw: 315 MWdc — Innergex Phoebe acquisition and financing · confidence: high

## Timeline

- 2019-11 — Project entered service
  EIA and Innergex report November 2019.
  Source: EIA May 2026 generator inventory (https://www.eia.gov/electricity/data/eia860m/)
- 2024-06-20 — Innergex announced minority sale
  Innergex sold 49.9% while retaining control.
  Source: Innergex Texas minority sale (https://files.innergex.com/files/documents/INE_ERCOT_EN.pdf)

## Sources

- [EIA May 2026 generator inventory](https://www.eia.gov/electricity/data/eia860m/) — U.S. Energy Information Administration · tier regulatory
- [ERCOT current settlement-point listing](https://www.ercot.com/content/cdr/html/current_np6788.html) — Electric Reliability Council of Texas · tier regulatory
- [Innergex Phoebe acquisition and financing](https://files.innergex.com/files/documents/2019/02/press-release-announce-phoebe-2018-07-02-en.pdf) — Innergex · tier official
- [Innergex Texas minority sale](https://files.innergex.com/files/documents/INE_ERCOT_EN.pdf) — Innergex · tier official
- [TxGIO land parcel service](https://feature.geographic.texas.gov/arcgis/rest/services/Parcels/stratmap_land_parcels_48_most_recent/MapServer) — Texas Geographic Information Office · tier regulatory

## Data quality

- Nameplate, seasonal, operating, company, and transaction scopes are labeled separately.

---

Canonical page: https://askthegrid.com/ercot/assets/plant/phoebe-solar
Profile published: 2026-07-17T03:34:40.700Z
Source: Ask the Grid — https://askthegrid.com/