Texas Solar Projects Move Forward Under New Leadership

AI generated summary

OCI Energy and Sabanci Renewables have successfully closed the sale of Project Lucky 7 Solar, a 100-MWac/130-MWdc solar installation in Hopkins County, Texas. This project, developed by OCI Energy, will now proceed to construction and operation under Sabanci Renewables' leadership, following a similar transaction involving Project Pepper in McLennan County. The Lucky 7 Solar project, which covers approximately 745 acres, is expected to commence commercial operations in 2027.

Both companies expressed their commitment to advancing clean energy initiatives, with OCI Energy's president highlighting the partnership's potential to enhance grid security and affordability. Sabanci Renewables' CEO emphasized the acquisition as a step towards their vision of sustainable growth and long-term value creation. Additionally, the two companies plan to explore future collaborative projects aimed at delivering secure and reliable energy solutions, with Sabanci Renewables targeting 3 GW of renewable energy operations in the U.S. by 2030.