Sabanci Acquires 120 MWac Solar Project From OCI Energy
Deal News | Aug 04, 2025 | Troutman Pepper Locke, LLP
Troutman Pepper Locke advised Sabanci Renewables in its acquisition of the 120 MWac utility-scale solar project 'Project Pepper' from OCI Energy in McLennan County, Texas. This acquisition plays a part in Sabanci's strategy to expand its renewable energy portfolio to 3,000 MWdc by 2030 and brings its current capacity to 660 MWdc. Troutman Pepper Locke utilized its extensive energy market expertise to facilitate this transaction, highlighting its capacity to guide major energy transactions throughout the U.S. The legal team was led by Sarah Pylant, demonstrating the firm's comprehensive advisory capabilities in managing complex energy sector deals.
Sectors
- Renewable Energy
- Legal Services
Geography
- United States – The acquisition of the solar project by Sabanci Renewables took place in McLennan County, Texas, USA.
Industry
- Renewable Energy – This transaction is primarily focused on the acquisition of a solar project, indicating its importance in the renewable energy sector.
- Legal Services – Troutman Pepper Locke, a law firm, played a crucial role in this transaction, demonstrating the relevance of legal advisory in M&A within the energy industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sabanci Renewables, Inc. | Acquiring Company | Company | A renewable energy firm looking to expand its solar power capacity. |
| OCI Energy, LLC | Target Company | Company | A developer and operator of utility-scale solar and battery energy storage projects. |
| Troutman Pepper Locke, LLP | Legal Advisor | Company | A law firm specializing in energy sector transactions, advising on the acquisition. |
| Sarah Pylant | Lead Lawyer | Person | Led the legal team representing Sabanci Renewables in the acquisition. |