Sabanci Renewables is the North American subsidiary of Sabanci Holdings that develops and finances solar projects. The company is focused on advancing the Cutlass Solar II project in the U.S. state of Texas. To complete the financing for Cutlass Solar II, Sabanci Renewables raised US$185 million in tax equity funding. The capital was provided by Advantage Capital, a U.S. investor. The funding is intended to complete the financing of the Cutlass Solar II project and support its progress toward operation. The article does not provide operating metrics or additional financial details.

Total raised

$185M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2023