Brief: Sabancı Holding Says Wholly-Owned Indirect Subsidiary Sabanci Renewables Acquires 100% Of Shares Of Oriana Solar LLC

Haci Omer Sabanci Holding

05/10/2023 07:24

Oct 5 (Reuters) - HACI ÖMER SABANCI HOLDİNG  SAHOL.IS :
    * SAID ON WEDNESDAY SABANCI RENEWABLES INC., A WHOLLY-OWNED
INDIRECT SUBSIDIARY OF SABANCI HOLDING, HAS ACQUIRED 100% OF THE
SHARES OF ORIANA SOLAR LLC, WHICH CONSISTS OF A 232 MW SOLAR
POWER PLANT AND A 60 MW ENERGY STORAGE FACILITY INVESTMENTS IN
TEXAS, USA
    * SAYS PLANT IS EXPECTED TO REACH COMMERCIAL OPERATION IN
SECOND
QUARTER OF 2025, UPON COMPLETION OF INVESTMENT PROCESS
    * TOGETHER WITH COMPLETION OF THIS CAPACITY INVESTMENT AS
WELL AS
ITS ONGOING 272 MW CUTLASS II SOLAR POWER PLANT INVESTMENT
PROJECTED TO BE COMPLETED IN THE SECOND QUARTER OF 2024, SABANCI
RENEWABLES INC. WILL REACH A TOTAL RENEWABLE ENERGY PORTFOLIO OF
500 MW IN USA.
    * 

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA50WdRw
 Further company coverage:  SAHOL.IS  

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