[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Evet (Yes)
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Hayır (No)
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Date Of The Previous Notification About The Same Subject
11.10.2022; 25.09.2023
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Hayır (No)
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Announcement Content
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Explanations
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Sabancı Renewables Inc., a wholly-owned indirect subsidiary of Sabancı Holding, has acquired 100% of the shares of Oriana Solar LLC, which consists of a 232 MW solar power plant and a 60 MW energy storage facility investments in Texas, USA. The plant is expected to reach commercial operation in the second quarter of 2025, upon completion of the investment process.

Together with the completion of this capacity investment as well as its ongoing 272 MW Cutlass II solar power plant investment projected to be completed in the second quarter of 2024, Sabancı Renewables Inc. will reach a total renewable energy portfolio of 500 MW in the USA.

Sabancı Renewables Inc., a wholly-owned subsidiary of Sabancı Climate Technologies, of which Sabancı Holding is the sole and founding shareholder, undertakes renewable energy investments in the USA, in line with Sabancı Group's strategies for new economy-oriented growth, reinforcing the global footprint as well as its sustainability targets.

Further developments will be made available to public.

You can access the presentation on Sabancı Group's recent investments on energy in the US via the link below.
https://yatirimciiliskileri.sabanci.com/en/images/pdf/energy-update-presentation.pdf

In case of a discrepancy between the Turkish and English versions of this public disclosure statement, Turkish version shall prevail.