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Capital Contribution to Sabancı Climate Technologies

 

As part of Sabancı Group's strategies for new economy-oriented growth, reinforcing the global footprint and developing the technologies of the future, Sabancı Holding has made a capital contribution of USD 166,000,000 to date in Sabancı İklim Teknolojileri A.Ş., a fully owned subsidiary incorporated in 2022 in order to invest in renewable energy and climate technologies.

Currently, the investment process for the establishment of a 272 MW solar power plant in the USA by Sabancı Renewables Inc., a fully owned subsidiary of Sabancı İklim Teknolojileri A.Ş., is proceeding as planned, and the plant is expected to be activated in the second quarter of 2024. Additionally, it has been decided to make additional capital contribution to Sabancı İklim Teknolojileri A.Ş. with an amount of Turksih Lira equivalent to USD 75,000,000 in order to finance investment projects, particularly new capacity investments in renewable energy in line with the growth plans abroad. Further developments will be made available to public.

Capital Contribution to Sabancı Climate Technologies

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