Investor Presentation
ENERGY & CLIMATE TECHNOLOGIES STRATEGY & ROADMAP
The first solar investment in Texas has been initiated, and the second solar investment has also
started, leveraging the know-how acquired during the initial solar project
272 MW Cutlass II Solar Power Plant Project
Project Acquisition: October'22
EPC Agreement with Bechtel: October'22
Construction Start (FNTP(1) to Bechtel): January'23
Power Purchase Agreement with a Reputable Off-Taker: January 23
Project Finance with Reputable Banks: January'23
Tax Equity Closing: October'23
Commercial Operation Date: Mid-April'24
232 MW Oriana Solar Power Plant Project with 60
MW Storage
Close to the major load centers of Houston and Corpus Christi,
anticipated centers of future green fuel investment, as well as the
increasing LNG related load
Shovel-ready project with low execution risk; developed by an
experienced and reputable Project Firm
(1)Final Notice to Proceed
Solid Business
Model for the
Execution
Project Acquisition: October'23
EPC Agreement: October'23
Construction Start (FNTP): Q1'24
Commercial Operation Date: Q2'25
Opportunity to invest in battery storage
project in the future
21
SABANCIView entire presentation