CRC-IB Advises Sabanci Renewables on $137M Tax Equity Financing for 232MW Solar Project
Sabanci Renewables Inc., the North American subsidiary of Sabancı Holding, a leading Turkish conglomerate, has successfully closed on $137M in tax equity financing for Project Oriana, a 232MW utility-scale solar project located in Victoria County, Texas.
The project has a Spring 2025 targeted commercial operation date, upon which it will contribute much-needed clean energy to Texas residents and businesses.
“CRC-IB is excited to support Sabanci Renewables on this transaction and their continued strategic expansion in key U.S. markets,” said Michael Tatarsky, CRC-IB Managing Director. “Sabanci’s continued success is rooted in building and operating fundamentally strong projects and developing scalable financing relationships with top-tier investors. We are thrilled at the opportunity to represent the company on another successful closing”.
For more information on this transaction, please contact Michael Tatarsky.
For the full press release, please click here.
About Sabanci Renewables
Sabanci Renewables is a wholly owned subsidiary of Sabancı Holding, a leading Turkish conglomerate founded in 1967. Sabancı Holding is engaged in a wide variety of business activities through its subsidiaries and affiliates, mainly in the energy, banking, financial services, industrials, building materials, digital and retail sectors. Within its energy business, Sabancı has a strong reputation developing and operating energy projects, and currently operates more than 4 GW of diversified power plant portfolio in Turkiye. Sabanci Renewables is targeting to establish 3 GW of renewable portfolio consisting of utility-scale solar and onshore wind projects all over the U.S. by the end of 2029. With Cutlass II and Oriana Solar, Sabanci Renewables owns 500 MW of capacity operating or under construction. Learn more at sabanciclimatetech.com.
