Sabanci Renewables Secures $185 Million Tax Equity Funding for Texas Solar Project

Sabanci Renewables, the North American subsidiary of Turkish conglomerate Sabanci Holdings, has successfully raised $185 million in tax equity funding from US investor Advantage Capital. The funding is earmarked for the completion of the Cutlass Solar II project, a 272MW solar venture located in Fort Bend County, Texas. The tax equity funding from Advantage Capital