Solar Power Plant Investment by Sabancı Renewables

The wholly-owned subsidiary Sabancı Renewables Inc. of our wholly-owned subsidiary Sabancı İklim Teknolojileri A.Ş. has acquired 100% of the shares of Lucky 7 Solar Farm LLC—a company holding the right to develop a 130 MWdc solar power plant located in the state of Texas, USA— from an unrelated third party.

The project is targeted to be commissioned in the third quarter of 2027, upon completion of the solar power plant investment.

Following the commissioning of this new capacity investment, alongside the currently operational Cutlass II solar power plant, the Oriana solar power plant which began commissioning activities in July and the recently acquired Pepper Solar investments, Sabancı Renewables Inc.'s total renewable energy portfolio in the United States will reach 790 MW.

Sabancı Renewables Inc. continues to pursue renewable energy investments in the United States in line with the Sabancı Group's strategy focused on the new economy-driven growth, strengthening its global footprint, and advancing sustainability objectives.