en.Wedoany.com Reported - Sabanci Renewables, an energy company under Turkey's Sabanci Holding, has signed a long-term power purchase agreement with Meta to acquire full ownership of the environmental attributes of two solar projects located in Texas. These projects are the 100 MWac / 130 MWdc Lucky 7 Solar project and the 120 MWac / 156 MWdc Pepper Solar project, with a total installed capacity of 220 MWac / 286 MWdc.

Both projects are expected to be completed in the second half of 2027 and are part of Sabanci Renewables' utility-scale renewable energy portfolio in the United States. According to the company, the construction phase will support over 600 jobs, create long-term employment opportunities during operations, and generate more than $30 million in property tax revenue for local taxing entities over the project lifecycle. These projects will add new renewable energy generation capacity within the ERCOT market to support Texas's demand for reliable energy infrastructure.

Tolga Kaan Doğancıoğlu, President of Strategic Investment and Operations at Sabanci Group, stated that the long-term renewable energy agreement with Meta is a significant step for Sabanci Renewables in expanding its U.S. operations, marking another strategic milestone in the company's journey in the American market. Amanda Yang, Head of Clean and Renewable Energy at Meta, noted that the Lucky 7 and Pepper solar projects will add new solar capacity to the Texas grid, and this long-term agreement reflects the partnerships Meta values that bring new energy resources online.

This agreement reflects Sabanci Renewables' strategic focus on long-term contracted renewable energy investments in the United States. The company continues to develop and construct renewable energy projects that provide scalable and reliable generation capacity to support the energy needs of large organizations operating in the U.S.

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