Advanced Power Sells Oriana Solar to Sabanci Renewables, Reinforcing Renewable Energy Growth

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Advanced Power has continued to solidify its 20-year legacy of success in the industry with the recent announcement of the sale of its 100 percent interest in Oriana Solar to Sabanci Renewables, a subsidiary of Sabanci Holdings. This transaction stands as a testament to Advanced Power’s enduring commitment to pioneering renewable energy initiatives.

The sale of Oriana Solar is a significant milestone, representing another triumph for Advanced Power in the Electric Reliability Council of Texas (ERCOT) market. This successful venture also marks the second transaction closed with Sabanci, showcasing the strength and collaborative potential of this ongoing partnership.

Notably, this transaction adds to Advanced Power’s accomplished portfolio, reflecting a total of four utility-scale solar and solar plus battery storage projects completed to date. These projects account for an impressive sum of over 800 megawatts-direct current (MWdc) and an impressive 240 megawatt-hours (MWh) of battery storage capacity, further advancing the landscape of renewable energy.