en.Wedoany.com Reported - Sabanci Renewables has secured $530 million (€455.4 million) through debt and equity financing to support the development and construction of two solar parks in Texas, USA. The funds will advance the projects from the development phase into the construction stage.

Sabanci Renewables is the U.S. subsidiary of Turkey's Sabanci Group. The securing of this financing reflects the company's continued expansion of its business footprint in the U.S. renewable energy market. The company stated that the project has received significant financial support during its expansion process in Texas, ensuring the transition of solar assets from early-stage development to actual construction.

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