Latest news with #Sabanci
Yahoo
10-07-2025
- Business
- Yahoo
Sabanci Renewables Deepens U.S. Presence with Latest Acquisition of Texas Solar Project
New investment shows Sabanci on track to meet 2030 goal of 3,000 MWdc renewables portfolio, signaling strong execution track record in U.S. clean energy market. McLennan County, Texas--(Newsfile Corp. - July 10, 2025) - Sabanci Renewables, the U.S.-based renewables platform of Sabanci Group, has acquired the 156 MWdc Pepper Solar Power Plant in McLennan County, Texas, from OCI Energy. The transaction marks Sabanci Renewables' third utility-scale solar project in the U.S. and further solidifies its growing footprint in the ERCOT market. Image caption: Sabanci Renewables deepens U.S. presence with latest acquisition of Texas solar projectTo view an enhanced version of this graphic, please visit: With this latest addition, Sabanci Renewables now holds 660 MWdc of solar capacity either operational or under construction, building toward its long-term goal of a 3,000 MWdc renewable portfolio by 2030. The Pepper Solar Power Plant is expected to begin construction in December 2025 and, once operational, will produce 292 GWh of clean energy annually, which is enough to power 28,000 homes, whilst preventing 133,000 tons of CO₂ emissions each year. "Pepper Solar is an exciting next step that reflects both our growing confidence in the U.S. renewables space as well as proving our ability to execute at scale," said Tolga Kaan Doğancıoğlu, CEO of Sabanci Climate Technologies. "Pepper SPP will strengthen our position as a long-term, reliable player in the market." Image caption: Tolga Kaan Doğancıoglu, CEO of Sabanci Climate TechnologiesTo view an enhanced version of this graphic, please visit: High-quality projects backed by strong financial structures Sabanci Renewables has adopted a consistent approach to its U.S. expansion: focusing on high-quality projects, working with proven local and international partners, and implementing strong financial structures, including tax equity financing. All three of Sabanci's projects, Cutlass II, Oriana, and Pepper, are located within ERCOT, underscoring its strategic commitment to the Texas energy market. "We focus on the right projects delivered in the right way, and that's been our approach from day one," Doğancıoğlu added. "We see each project as an opportunity to earn the trust of our partners and stakeholders through consistent, disciplined execution. This latest acquisition is a proud reflection of our enduring commitment to renewable energy transformation and our dedication to bridging today with a better tomorrow." The acquisition aligns with Sabanci Group's 100-year legacy of responsible growth and long-term value creation. With roots in Türkiye, the Group has built a global reputation across energy, financial services, industrials, and building materials. Sabanci Renewables is its dedicated vehicle for clean energy growth in the U.S. About Sabanci Renewables Sabanci Renewables is a wholly owned subsidiary of Sabancı Holding, one of Türkiye's leading conglomerates, founded in 1925. Sabancı Holding is engaged in a wide variety of business activities through its subsidiaries and affiliates, in energy, banking, financial services, industrials, building materials, digital, and retail sectors. Sabanci Renewables is targeting to establish 3 GW of renewable portfolio in the U.S. by the end of 2030. With Cutlass II and Oriana Solar, Sabanci Renewables owns 504 MW of capacity. Learn more at Contact:Emrah Anabaleanabal@ To view the source version of this press release, please visit
Auto Blog
09-07-2025
- Automotive
- Auto Blog
Lucid Claims New EV Range Record with a Gravity Assist
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Lucid's Luxury Electric Sedan Is the Undisputed Range King The Lucid Air Grand Touring has long held the reputation as one of the most efficient and longest-range electric vehicles on sale today, and now it has a Guinness World Records title to back it up. Certified recently, Lucid's luxury sedan completed a staggering 749-mile drive on a single charge, surpassing the previous record by nearly 100 miles. 0:09 / 0:09 Meet the ultimate Audi RS 6 Avant: Only 85 are coming to the U.S. Watch More That said, the Lucid Air Grand Touring now holds the Guinness World Records title for the longest journey by an electric car on a single charge. The Air Grand Touring has an official WLTP range of 596 miles (512 miles based on EPA standards), efficiency of around 4.6 miles per kWh, and 824 horsepower on tap. It also supports ultra-fast charging, adding up to 249 miles in just 16 minutes. Lucid has been a technological leader in the EV space with its proprietary drive units, 924-volt electrical architecture, and class-leading battery management. Clearly, Lucid's engineering pays off – at least when conditions are right. Covering 749 Miles In One Charge The record-setting drive took place between St. Moritz, Switzerland, and Munich, Germany. The 749-mile journey, completed without taking a break to charge, tackled various thoroughfares, including alpine passes, highways, and secondary roads. The run was organized in partnership with Umit Sabanci, a London-based entrepreneur who also drove a Lucid Air Grand Touring through nine countries on a single charge in 2024. That feat earned a separate record – most countries visited on a single charge – and this latest achievement is the second Guinness title for the pairing of Sabanci and Lucid Motors. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. 'When I completed the nine-country journey in 2024, it was just the beginning,' said Sabanci. 'This new achievement takes that journey even further. I'm proud to be part of a movement that proves electric mobility isn't just the future; it's already redefining what's possible today.' Source: Lucid But Take It with a Pinch of Salt Still, it's important to look closely at how this record was achieved. The drive began in St. Moritz – an alpine resort town sitting at nearly 6,000 feet above sea level – and ended in Munich, which sits at just 1,600 feet. That's a total descent of over 4,300 feet, giving the Lucid an enormous advantage in regenerative braking. While the drive included mixed road types, it also leveraged a favorable topography that's hard to overlook. So yes, the Lucid Air Grand Touring can go 749 miles on a single charge, but not on just any route. In real-world conditions, like on a straight path without elevation changes, your mileage will quite literally vary. Source: Lucid About the Author Jacob Oliva View Profile
