Sabanci Renewables acquires 120 MW of solar in Texas from OCI Energy

Sabanci Renewables announces the acquisition of the Texan solar project Pepper from OCI Energy, strengthening its US portfolio to 660 MW and paving the way for an increase to 3 GW by 2030.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25£/month*

*billed annually at 99£/year for the first year then 149,00£/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2£/month*
then 14.90£ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Sabanci Renewables has formalised the purchase of the 120 megawatt (MW) Project Pepper solar plant from OCI Energy, marking the first such transaction between the two companies. The agreement provides that Sabanci Renewables will finance, build, operate and own the entire facility, which is scheduled to reach commercial operation in the third quarter of 2027. The project is located in McLennan County, Texas, a region with strong energy demand, notably to supply local power grids.

OCI Energy continues its development strategy
OCI Energy, developer of the project since its inception, has managed site acquisition, pre-construction studies, permitting and grid connection. The company maintains its presence in the US market with over 5 gigawatts (GW) of projects under development, mainly in solar and energy storage. Sabah Bayatli, President of OCI Energy, stated that the transaction “reflects the strength of our development platform and the expertise of our team in the market”.

According to Sabanci Renewables, this acquisition brings its total capacity of solar projects in operation or under construction in the United States to 660 MW, equivalent to 660,000 kilowatts. Tolga Kaan Doğancıoğlu, Chief Executive Officer of Sabanci Climate Technologies, indicated that this operation is part of the group’s growth strategy in the US market, with a target of 3,000 MW of installed renewable assets by the end of the decade.

New momentum for the Texan solar market
The Pepper project, designed to meet the growing energy needs of Texas, fits into a regional dynamic where solar capacity is expanding rapidly. Industry participants see a buoyant market, supported by structural demand and objectives for energy diversification. Legal advisers Sidley Austin LLP and Troutman Pepper Locke LLP assisted OCI Energy and Sabanci Renewables respectively in the transaction.

No information on the exact amount of the transaction was disclosed. The Pepper project adds to a portfolio of solar investments that is attracting increased interest as international groups pursue large-scale development plans across the United States.

GreenYellow is expanding its presence in Poland with a €100mn ($106mn) investment plan to grow its photovoltaic capacity, develop energy storage, and deploy energy efficiency solutions for industrial and commercial businesses.
The UK government has authorised the construction of the Stonestreet Green Solar project, combining 150 MWp of solar capacity and 100 MW of battery storage, marking a major step for Korkia and Evolution Power’s infrastructure portfolio.
The Franco-Saudi consortium has won a 25-year contract to develop a 400 MW photovoltaic plant in the Hail region, as part of Saudi Arabia’s national renewable energy programme.
Marubeni Power Retail will supply Aeon with up to 200MW of solar power via an off-site PPA framework, with delivery set to begin this fiscal year and scale up progressively through 2028.
Clenergy has appointed Haydn Fletcher and Samir Jacob to strategic positions to strengthen its operations in Australia and internationally, amid targeted commercial expansion.
Abunayyan Holding and US-based Nextracker launch an industrial joint venture in Riyadh to locally produce large-scale solar equipment for Saudi Arabia and the MENA region.
ENGIE North America has signed new power purchase agreements with Meta for a 600 MW solar project in Texas, bringing their renewable energy partnership in the US to over 1.3 GW.
OPES Solar Mobility launches Europe's first factory for flexible vehicle solar panels in Zwenkau, targeting truck, bus and utility vehicle markets across several continents.
Abu Dhabi has begun construction on the world’s first gigascale solar and battery storage project, capable of delivering 1GW of baseload renewable power, with operations expected by 2027.
Shanghai Electric has signed phase II of the Parau photovoltaic project with Econergy, expanding its Romanian solar portfolio to 550 MW.
Swift Solar has installed its perovskite solar panels on a military site for the first time, as part of a US Department of Defense exercise testing energy resilience for critical infrastructure.
Mitsubishi Logistics has signed a virtual power purchase agreement with JERA Cross for 8MW of solar power, marking a new step in its energy strategies with investment plans through 2030.
The levelised cost of solar electricity continues to fall globally, reaching a regional record of $37/MWh in the Middle East and Africa thanks to tracker technologies, according to the latest market data.
Island Green Power opens a public consultation on design changes to its 500MW East Pye solar and battery storage project ahead of a permit application expected in early 2026.
US-based solar developer Ampliform secured a loan facility of up to $165mn to support large-scale energy projects in key regional markets, with a focus on the PJM grid.
More than 75 solar projects in the United States were tax-sheltered in Q2 through GameChange BOS transformers, responding directly to new U.S. Treasury requirements.
Chanel has signed a 20-year power purchase agreement with REDEN to supply nearly one-third of its electricity needs in France from two photovoltaic plants commissioned in 2025.
i Grid Solutions and Tokyu Land will develop an additional 200MW of on-site solar under power purchase agreements by 2029 through their joint venture TLC VPP, with an investment exceeding JPY20bn ($133mn).
US-based developer Janta Power secures funding to expand its vertical photovoltaic towers across data centres, airports, charging stations and critical infrastructure.
The global floating solar panel market could triple by 2030, supported by energy demand and favourable regulations, according to the latest double-digit annual growth forecasts.

All the latest energy news, all the time

Annual subscription

8.25£/month*

*billed annually at 99£/year for the first year then 149,00£/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2£/month*
then 14.90£ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.