OCI Energy, a developer of utility-scale solar and battery storage projects, announced the sale of the 120 MWac Pepper solar project to Sabanci Renewables, a North American subsidiary of Turkish conglomerate Sabanci Holdings. The project is located in McLennan County, Texas.
Sabanci Renewables will finance, construct, own, and operate the project, which is expected to commence operation in the third quarter of 2027. OCI Energy developed Project Pepper and led all phases of site acquisition, pre-construction site studies, permitting, and grid connection.
Sidleu Austin provided legal services to OCI Energy, while Troutmann Pepper Locke served as legal counsel to Sabanci Renewables on the transaction. The financial details of the transaction remained undisclosed.
We’re pleased to partner with OCI Energy on Project Pepper — a well-executed project that aligns perfectly with our growth strategy in the U.S.,” said Tolga Kaan Doğancıoğlu, CEO of Sabanci Climate Technologies. “This collaboration reflects our confidence in the U.S. energy market and our commitment to scaling a resilient power portfolio. With this latest addition, we now hold 660 MWdc of solar capacity either operational or under construction, building toward our long-term goal of a 3,000 MWdc renewable portfolio by 2030.”
This project is said to mark OCI Energy’s continued development of utility-scale solar and battery energy storage projects across the U.S., with a pipeline of more than 5 GWac of projects currently under development.
July last year, OCI Energy announced the sale of the 260 MWdc Hillsboro solar project in Hill County, Texas, to Hyundai Engineering. The project is expected to begin operation in the first quarter of 2027.
According to Mercom’s recently released 1H and Q2 2025 Solar Funding and M&A report, approximately 19.9 GW of solar projects were acquired in the first half of 2025, compared to 18.5 GW in the first half of 2024.
Last week, EDF power solutions UK, previously known as EDF Renewables, an independent power producer and services provider, announced the acquisition of the 500 MW Gate Burton Energy Park solar project in Lincolnshire from Low Carbon, a renewable energy project developer.
