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).
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)
Poland’s solar sector is set to benefit from Suntech’s advanced TOPCon modules under a new 200 MW distribution partnership. (Image Source: Suntech/ Linkedin)
Telecrown’s order from RRP Semiconductor includes silicon solar cells and polycrystalline materials for Maharashtra’s growing renewable energy sector. (Image Credit/Source: fietzfotos/Pixabay)