OCI Energy and Sabanci Renewables are pleased to announce their first partnership, in which OCI Energy sells Project Pepper to Sabanci. With further transactions being considered, this is the first time the firms have worked together.
The utility-scale solar power project Project Pepper is situated in McLennan County, Texas, and was carefully chosen to satisfy the area’s increasing need for dependable and reasonably priced electricity. Project Pepper was created by OCI Energy, which also oversaw all aspects of site acquisition, pre-construction site studies, permits, and grid connectivity. The project will now be owned, built, financed, and managed by Sabanci Renewables. It is anticipated to begin commercial operations in the third quarter of 2027.
“We are proud to bring Project Pepper to this major milestone,” stated Sabah Bayatli, President of OCI Energy. “This transaction is a testament to the strength of our development platform, our team’s deep market expertise, and our ability to advance impactful projects that support energy transition goals across Texas and the U.S. We look forward to seeing Project Pepper become a contributor to the clean energy economy under Sabanci’s stewardship.”
“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.,” stated 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.”
With a pipeline of more than 5 GWac of projects presently in development, Project Pepper demonstrates OCI Energy’s ongoing leadership in utility-scale solar and battery energy storage project development throughout the United States.
Legal services were rendered to OCI Energy by Sidley Austin LLP and to Sabanci Renewables by Troutmann Pepper Locke LLP.
