ISTANBUL, June 24, 2026 — Sabancı Holding’s U.S.-based renewable energy subsidiary, Sabancı Renewables, has signed a long-term Power Purchase Agreement (PPA) with Meta, marking a significant step in the Turkish group’s expansion in the U.S. clean energy market. The agreement covers two solar projects in Texas with a combined capacity of 220 MWac (286 MWdc).
Under the deal, Meta will purchase 100% of the environmental attributes generated by the Lucky 7 Solar and Pepper Solar projects. The facilities, located in Texas, have capacities of 100 MWac and 120 MWac respectively and are expected to begin operations in the second half of 2027.
The agreement is expected to support Meta’s growing demand for renewable energy as the technology company expands its data center and artificial intelligence infrastructure. Corporate demand for clean electricity has become a key driver of renewable energy investment across the United States.
Tolga Kaan Doğancıoğlu, President of Strategic Investments and Operations at Sabancı Group, described the agreement as an important milestone in the company’s U.S. growth strategy, emphasizing the value of long-term partnerships with major corporate energy buyers.
Amanda Yang, Meta’s Head of Clean and Renewable Energy, said the projects would add new solar generation capacity to the Texas power grid and reflect the type of renewable energy partnerships the company seeks to support.
Beyond energy generation, the projects are expected to deliver economic benefits to local communities. Sabancı Renewables estimates that construction of the two solar farms will support more than 600 jobs and generate over $30 million in property tax revenues for local authorities throughout the projects’ lifetimes.
The deal follows a period of rapid expansion for Sabancı Renewables in the United States. The company recently secured financing for the Lucky 7 and Pepper projects and continues to pursue its long-term objective of building a multi-gigawatt renewable energy portfolio in the country.
The agreement underscores the growing relationship between large technology companies seeking carbon-free energy and renewable energy developers looking to secure stable, long-term revenue streams. As AI-driven computing and data center operations increase electricity consumption, long-term renewable power contracts are becoming increasingly important for both energy producers and corporate buyers.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök