Advanced Power completes sale of 272 MW Cutlass Solar II project to Sabanci Holdings
Date
October 17, 2022
Type
M&A Transactions
Subtype
Transaction completed
Countries
(USA) United States of America
Subsectors
Photovoltaic
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Advanced Power AG, through Sabanci Renewable, has completed the sale of the 272 MW Cutlass Solar II solar photovoltaic (PV) project located in Texas, the USA to a unit of Sabanci Holdings.
The project will be constructed on about 1,100 acres of land in Fort Bend County. The construction is set to start in Q4 of 2022 with a target commissioning by 2024.
Once operational, the solar farm will sell the energy produced from the plant and the renewable energy credits (RECs) into the ERCOT market.
