OCI Energy and Sabanci Renewables Expand Partnership with Back-to-Back Texas Solar Transactions Totaling 286 MWdc

OCI Energy and Sabanci Renewables announced the successful closing of the sale of Project Lucky 7 Solar, a 100 MWac / 130MWdc project located in Hopkins County, Texas, within the ERCOT-North market. The project, which was developed by OCI Energy, will now move forward to construction and operation under the leadership of Sabanci Renewables. In July, OCI Energy sold Project Pepper to Sabanci Renewables, a 120 MWac / 156 MWdc solar project in McLennan County.

Spanning approximately 745 acres, Lucky 7 Solar will deliver clean, reliable energy to the electrical grid to meet increasing power demand in the region. The project is expected to reach commercial operation in 2027.

To commemorate the agreement, executives from both companies gathered for a signing ceremony at OCI Energy’s headquarters in San Antonio earlier this week. The event marked the second successful transaction between the companies in the last couple of months.  

“Our expanding collaboration with Sabanci Renewables reflects both companies’ commitment to delivering high-impact, long-lasting clean energy projects that strengthen grid security and support power market affordability” said Sabah Bayatli, President, OCI Energy. “We’re proud to hand off Project Lucky 7 and excited to see them carry it forward to construction and ultimately to commercial operation. Our shared vision makes Sabanci an ideal partner for advancing clean energy in Texas.”

“At Sabanci Renewables, we remain focused on creating long-term value in line with our Bridge to a Better Future vision while expanding our renewable energy investments in the United States. Project Lucky 7 marks another significant step in delivering clean and reliable energy,” said Tolga Kaan Doğancıoğlu, CEO, Sabanci Renewables. “The acquisition aligns with Sabanci Group’s 100-year legacy of responsible growth and long-term value creation. We sincerely appreciate the OCI Energy team’s professionalism and collaborative spirit throughout this process. Their dedication and shared vision have been important to the success of this transaction, and we look forward to continuing our partnership. The next step is to bring the project into commercial operation in 2027, contributing to the region’s energy needs."

In addition to the closing, OCI Energy and Sabanci Renewables agreed to explore future project opportunities together, with both companies expressing mutual interest in developing and delivering energy solutions that are secure, reliable, and affordable.

Sidley Austin LLP provided legal services to OCI Energy and Troutman Pepper Locke LLP provided legal services to for Sabanci Renewables.

Sabanci Renewables | sabanciclimatetech.com

OCI Energy | https://www.ocienergy.com/