Brief: Sabancı Holding Announces New Investments and Developments in the Energy Business Unit

Haci Omer Sabanci Holding

11/10/2022 06:24

Oct 11 (Reuters) - HACI OMER SABANCI HOLDING  SAHOL.IS :
    * SAYS NEW COMPANY NAMED SABANCI IKLIM TEKNOLOJILERI HAS
BEEN
ESTABLISHED, OF WHICH SABANCI HOLDING IS THE SOLE AND FOUNDING
SHAREHOLDER
    * SAYS SABANCI IKLIM TEKNOLOJILERI AIMS TO UNDERTAKE
RENEWABLE
ENERGY POWER PLANT INVESTMENTS AND STRATEGIC INVESTMENTS IN
VARIOUS VENTURE CAPITAL FUNDS AND START-UPS, PRIMARILY IN THE
U.S. AND EUROPE
    * SAYS A LONG-TERM STRATEGIC PARTNERSHIP BETWEEN SABANCI
İKLIM
TEKNOLOJILERI AND SAFAR PARTNERS, ONE OF THE LEADING VENTURE
CAPITAL FUND MANAGEMENT COMPANIES IN THE US, HAS BEEN
ESTABLISHED
    * SAYS WITH THIS STRATEGIC PARTNERSHIP, SABANCI İKLIM
TEKNOLOJILERI  ALONGSIDE INVESTING IN VARIOUS FUNDS MANAGED BY
SAFAR PARTNERS, IS ENTITLED TO DIRECTLY INVEST IN START-UPS THAT
ARE A PART OF SAFAR PARTNERS' NETWORK
    * SAYS A COMPANY NAMED SABANCI RENEWABLES INC. WAS
INCORPORATED
WITH ITS HEADQUARTERS IN DELAWARE BY SABANCI İKLIM
TEKNOLOJILERI AS THE SOLE AND FOUNDING SHAREHOLDER FOR PURPOSE
OF CREATING A RENEWABLE ENERGY PORTFOLIO IN THE U.S.
    * SABANCI RENEWABLES INC., WHOSE SHARES ARE FULLY AND
INDIRECTLY
OWNED BY SABANCI HOLDING, HAS COMPLETED THE ACQUISITION OF A
PROJECT LICENSE FOR THE ESTABLISHMENT OF A 272 MW SOLAR POWER
PLANT IN THE U.S.
    * PROJECT IS EXPECTED TO BE COMPLETED IN THE FIRST HALF OF
2024

        
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