Sabancı Renewables has secured a combined financing package of over $530 million to develop two utility-scale solar projects in Texas, United States, marking a significant expansion of its renewable energy portfolio in the North American market.
The financing structure includes approximately $382 million in project debt and $151 million in tax equity investment from Advantage Capital, reflecting a hybrid funding model commonly used in US renewable energy projects to leverage federal tax incentives.
The funded projects include the 156 MWdc Pepper Solar Project located in McLennan County and the 130 MWdc Lucky 7 Solar Project in Hopkins County. Together, the two projects will add a total installed capacity of 286 MWdc to Sabancı’s growing US renewable energy portfolio.
The projects are expected to reach commercial operation in the second half of 2027. The financing consortium includes global financial institutions such as NORD/LB, MUFG, BBVA, and Intesa Sanpaolo, highlighting strong international lender confidence in the development.
With this latest transaction, Sabancı continues to strengthen its presence in the US renewable energy market, particularly in Texas, which has emerged as one of the fastest-growing solar energy hubs in the country due to rising electricity demand and supportive investment conditions.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
