Advanced Power sells 232MW Oriana solar-plus-storage project in Texas to Sabanci Holdings

Facebook
Twitter
LinkedIn
Reddit
Email
A 4.4MW solar project in San Antonio, Texas. Image: OCI Solar Power

US renewables developer Advanced Power has sold its under-development Oriana solar-plus-storage project in the US state of Texas to Sabanci Renewables, a subsidiary of Turkish financial firm Sabanci Holdings.

The project is located in Victoria County, in southern Texas, and Advanced Power planned to begin construction at the project in the first quarter of 2024, ahead of commissioning the project the following year. The project itself is expected to have a capacity of 232MWdc, alongside a 60MW/120MWh battery storage facility, and power produced at the facility will be used in the grid managed by the Electric Reliability Council of Texas (ERCOT).

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The deal follows Advanced Power’s sale of its 100% interest in the 140MWdc Cutlass solar project to Sabanci Renewables last October, and the Oriana project will be the latter’s second project in the state.

“This second transaction with Sabanci demonstrates another of our team’s core strengths,” said Advanced Power CEO, Thomas Spang. “We commit to delivering value and our results create long-term relationships,”

“We are excited to continue working with Sabanci and successfully transition Oriana Solar through its final development and into construction.”

The agreement is the latest deal in the massive Texas solar sector, following Southern Power’s acquisition of a 200MW project, and Enel North America and BXP’s signing of a power purchase agreement, in the state last month. Texas boasts the second-most installed solar capacity of any US state, behind only California, and the Solar Energy Industries Association expects Texas to add the most new capacity over the next five years, with 40.5GW of solar capacity in the pipeline.

Some of this new capacity will come from other Advanced Power projects, with the company currently working on four projects within the ERCOT network, in both solar electricity generation and battery storage. Advanced Power currently has 8GW of new renewable capacity in its pipeline across the US, and will be looking to expand its US footprint in the coming years.

Read Next

Premium
June 30, 2025
Solargis CEO Marcel Suri explores three areas where new standards could help underpin greater efficiency, accuracy and market resilience.
June 30, 2025
Heliene has completed the sale of Section 45X Advanced Manufacturing Production Tax Credits in association with Minnesota-based U.S. Bank.
June 30, 2025
Eni subsidiary Plentiude has started operations at the northern block of its 330MW Renopool solar portfolio in Spain.
Premium
June 27, 2025
PV Talk: '2024 was a transformational year in terms of energy policy,' says Monika Paplaczyk ahead of this year's Clean Power 2030 Summits.
June 26, 2025
A round-up of news from the US solar sector this week, including Akuo, Meta and RWE.
June 26, 2025
Adapture Renewables and Meta have signed two EAPAs that will see the latter acquire power from a 360MW Texas solar portfolio.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico