Sabancı Secures $530m Funding for Texas Solar Duo

• Sabanci Renewables secures $530M in debt and equity funding to build two Texas solar parks, propelling its U.S. expansion and turning ambitious development plans into construction-ready projects.

Sabanci Renewables, the U.S. unit of Turkey’s Sabanci Group, has closed $530 million in debt and equity financing to support development of two solar parks in Texas. The funding will back construction of the projects.

The company said the financing totals $530 million (EUR 455.4 million), underscoring its expanding footprint in U.S. renewables. The agreement marks a key milestone for the Texas buildout, providing capital to advance the solar assets from development into construction.

What does Sabancı Renewables’ $530M Texas solar financing enable for construction?

• It provides the project capital needed to move the two Texas solar parks from the development stage into full-scale construction—covering major upfront costs before revenue generation begins.
  
• It supports procurement and delivery of long-lead equipment, such as solar modules, inverters, mounting systems, transformers, and other balance-of-system components.
  
• It helps fund site preparation and civil works, including grading, land clearing, foundations/piling, and construction of access roads and drainage.
  
• It enables electrical infrastructure buildout—such as collector systems, substation upgrades or additions, and grid-connection facilities required for interconnection.
  
• It underwrites contractor payments and construction labor, reducing reliance on equity drawdowns during the construction window.
  
• It finances development-related pre-construction obligations that typically precede or accompany construction milestones, helping the projects stay on schedule.
  
• It provides liquidity to manage construction-phase expenses tied to permitting compliance, engineering, and commissioning activities.
  
• It strengthens construction timing and execution by ensuring funding is available when milestones are reached, which can be critical for interconnection schedules and power delivery targets.