Diamond Infrastructure Solutions, Third Pillar Solar Partner for 500 MW Floating Solar Project in US
Diamond Infrastructure Solutions has partnered with Houston-based Third Pillar Solar to develop utility-scale floating solar projects across Diamond’s Texas reservoirs, with potential investment of about USD 700 million and a cumulative capacity of 500 MW.
August 22, 2025. By Mrinmoy Dey
This marks the first collaboration of its kind in North America. By utilising previously unused surface area, the initiative will generate clean energy and help reduce water lost to evaporation, the company said in a statement.
The comprehensive floating solar initiative represents a potential investment exceeding USD 700 million and is expected to generate up to 500 MW of clean energy — all while minimising land development and helping conserve approximately 15 percent of freshwater currently lost to evaporation in a fast-growing, water-stressed region.
Ed Noack, CEO of Diamond Infrastructure Solutions said, “Our agreement with Third Pillar marks a bold step forward in how we think about infrastructure and sustainability. By transforming underutilised 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.”
The projects, planned to be constructed and in-service by the end of the decade, will support hundreds of local jobs during their multi-year construction and operation. Additionally, Diamond will collaborate with Third Pillar on local supply chain opportunities, leveraging their shared expertise to drive mutually beneficial innovation and community impact.
Jaimeet Gulati, CEO of Third Pillar remarked, “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.”
The statement further noted that these projects will be the largest floating solar installations of their kind in the Americas and represent the unique, multi-pronged value proposition that floating solar provides for energy production, land use and water conservation.
please contact: contact@energetica-india.net.
Jameson Mendonca
Power Generation Business Leader
Cummins India’s Jameson Mendonca on Innovations in Gensets, Green Fuel, and Emission Compliance
Shilpy Dewan
VP – Markets, Operations & Digital
Digital Innovation and Storage will Drive India’s Green Future: Serentica’s Shilpy Dewan
Er. Neha Sakka
Electrical Engineer
She Matters: Women Remain Severely Underrepresented in EV and Green Workforces
Satish Talmale
CEO
India is Well-placed to Become a Global Leader in Energy Storage: EnerGrid CEO Satish Talmale
Anand Sri Ganesh, CEO, NSRCEL
Sapna Bhawnani
Alstom and NSRCEL on Empowering the Green Mobility Disruptors