Sabancı Renewables acquires Pepper Solar Project in Waco, Texas

Sabancı Renewables' acquisition of the 156 MW Pepper Solar Project in Waco, Texas, marks a significant expansion of the Turkish conglomerate Sabancı Group's renewable energy footprint in the United States. This acquisition, announced on June 1, 2025, demonstrates Sabancı's commitment to diversifying its energy portfolio and capitalizing on the growing demand for solar power. While the financial details of the transaction remain undisclosed, the project's capacity suggests a substantial investment in the Texas solar market. The acquisition of the Pepper Solar Project positions Sabancı Renewables to benefit from the favorable regulatory environment and increasing adoption of renewable energy sources in Texas. The project's 156 MW capacity will contribute to the state's growing solar energy generation capacity. This deal underscores the increasing interest from international players in the U.S. renewable energy market, driven by attractive investment opportunities and the country's commitment to decarbonization.