Turkey's Sabanci Holdings gets 272-MW solar project in Texas

• Advanced Power AG, a Switzerland-based power framework programmer with an 8-GW renewables pipe in the US, introduced on Thursday it has offered a 272-MW solar project in Texas to a unit of Turkish corporation Sabanci Holdings (IST: SAHOL).

Especially, Sabanci Renewables has acquired Advanced Power's 100% interest in Cutlass Solar II LLC, which is establishing the namesake solar (PV) project in Fort Bend County, concerning 40 miles southwest of Houston.

Cutlass Solar II is the Turkish corporation's very first United States energy venture, the news says. The 1,100-acre site is seen to go into the building stage in the fourth quarter of 2022 as well as end up being operational in 2024. It will certainly be selling energy and renewable energy credit scores right into the ERCOT market.

Advanced Power completed the initial stage of the Cutlass system, with a capability of 140 MW, in July 2022. It is currently creating the 189-MW Talitha Energy, 232-MW Oriana Solar, 238-MW Eldora Energy, 190-MW Elio Energy and 245-MW Alina Energy projects for link to the ERCOT power grid. The projects' abilities are in direct present (DC) and all of them have the optionality to include battery storage.