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Advantage Capital Invests $185 Million in Sabanci Renewables’ Cutlass Solar II Project, Boosting Texas Renewable Energy Efforts.

Advantage Capital has secured a $185 million tax equity investment in Sabanci Renewables, the developer of the Cutlass Solar II project in Texas. The project is currently under construction and is expected to reach commercial operations in April 2024, producing enough electricity to power over 80,000 homes. Advantage Capital’s investment leverages the federal Investment Tax Credit and will provide external capital necessary for Sabanci to complete construction. The investment is part of a larger effort by Sabanci Holding, a Turkish conglomerate founded in 1967.

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