June 10, 2026
Overview
Advantage Capital provided tax equity financing to support Sabanci Renewables’ Pepper and Lucky 7 solar projects in Texas, reinforcing the important role structure capital plays in bringing large-scale energy infrastructure to market.
Through its Energy Finance platform, Advantage Capital provides flexible, scalable financing for large-scale solar, wind, energy storage, and emerging clean energy technologies. The transaction builds on Advantage Capital’s ongoing partnership with Sabanci and supports additional generation capacity in ERCOT, one of the country’s fastest-growing and dynamic energy markets.
5 Things You Need to Know
1. Sabanci Renewables closed financing for two Texas solar projects.
The financing supports Pepper Solar Power Plant in McLennan County, Texas, and Lucky 7 Solar Power Plant in Hopkins County, Texas. Together, the projects further Sabanci Renewables’ continued expansion in the U.S. renewable energy market.
2. The projects will add 286 MW of solar capacity in Texas.
Pepper will have a capacity of 156 MW, while Lucky 7 will total 130 MW. Both projects are expected to come online by the end of 2027 and represent a combined 286 MW of additional solar capacity in Texas — enough electricity to power the equivalent of more than 27,000 homes.
3. Advantage Capital provided $151 million in tax equity financing.
Advantage Capital committed $151 million in tax equity financing for Pepper and Lucky 7. Structured as a straight partnership, the financing is designed to efficiently monetize the projects’ tax attributes, including depreciation, while supporting long-term project operations.
The financing package also includes $382 million in debt financing, alongside shareholder equity, to support the projects through construction and commercial operation.
4. The projects are located in ERCOT, one of the country’s most important power markets.
Pepper and Lucky 7 are positioned within ERCOT, which manages the electric grid serving most of Texas and is one of the nation’s most active markets for large-scale renewable energy development.
As electricity demand continues to rise across Texas, new generation resources will play an important role in supporting long-term grid reliability, economic growth, and energy security.
5. The transaction builds on a growing partnership between Advantage Capital and Sabanci Renewables.
Pepper and Lucky 7 build on Advantage Capital’s prior work with Sabanci Renewables in Texas, including a $185 million tax equity commitment for Cutlass Solar II and a $137 million tax equity commitment for Oriana Solar.
Together, these financings represent more than $470 million in tax equity commitments between Advantage Capital and Sabanci Renewables, reflecting a continued partnership focused on advancing utility-scale renewable energy infrastructure across Texas.
Why This Matters
Texas (and the U.S. generally) continues to face rising electricity demand from not only data centers, but also population growth, industrial activity, and electrification. Meeting that demand will require sustained investment in new generation sources and the financing structures needed to bring those projects online.
Pepper and Lucky 7 are examples of how coordinated energy finance can advance large-scale renewable energy projects in markets where capacity is increasingly important. For Advantage Capital, the transaction reflects a continued commitment to financing energy solutions that expand access to affordable, sustainable power while supporting long-term economic growth in the communities they serve.
Learn More
For more project details, read the full press release HERE. Ready to connect with our team? Contact us HERE.