The Oriana Solar Project, funded by Advantage Capital’s investment, will span 1,100 acres and include 425,000 solar modules. (Image Source: Advantage Capital)
Advantage Capital has committed $137 million to Sabanci Renewables, the North American subsidiary of Turkey-based Sabanci Holding, to finalize funding for the Oriana Solar Project in Texas. The project, located 120 miles southeast of San Antonio, will generate 232 MW (DC) of solar energy. Sabanci Renewables claims this investment, leveraging tax credits from the Inflation Reduction Act, provides the final capital needed to complete the project. Scheduled to be operational by Spring 2025, it will feature 425,000 solar panels over 1,100 acres, supplying power to 65,000 homes. The project will create 300 construction jobs and 10 permanent roles. This marks the second tax equity financing partnership in Texas between the two companies, bringing Sabanci Renewables’ combined energy capacity in ERCOT to over 500 MW (DC).
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)