Related Companies
|
[]
|
||||||||
Related Funds
|
[]
|
||||||||
|
|||||||||
English
|
|||||||||
oda_MaterialEventDisclosureGeneralAbstract|
|
|
||||||||
oda_UpdateAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_CorrectionAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_DateOfThePreviousNotificationAboutTheSameSubject|
|
|
14.05.2025; 23.06.2025
|
|||||||
oda_DelayedAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_AnnouncementContentSection|
|
|
||||||||
oda_ExplanationSection|
|
|
||||||||
oda_ExplanationTextBlock|
|
The wholly-owned subsidiary Sabancı Renewables Inc. of Sabancı İklim Teknolojileri A.Ş., wholly owned by Sabancı Holding, has acquired 100% of the shares of Pepper Solar Farm LLC —a company holding the license rights for a 156 MW solar power plant located in the state of Texas, USA— from an unrelated third party.
Upon completion of the solar power plant investment, the facility is expected to reach commercial operation in the third quarter of 2027.
With this new capacity investment, in addition to the currently operational Cutlass II solar power plant and the Oriana solar power plant scheduled to be commissioned in July, Sabancı Renewables Inc.'s total renewable energy portfolio in the United States will reach 660 MW.
Sabancı Renewables Inc. continues its renewable energy investments in the United States in line with the Sabancı Group's strategy focused on new economy-driven growth, strengthening its global footprint, and advancing sustainability objectives.
In case of a discrepancy between the Turkish and English versions of this public disclosure statement, Turkish version shall prevail.
|