Advanced Power, a developer of renewable energy projects, has sold its Cutlass Solar II LLC to Sabanci Renewables.
Advanced Power and Sabanci aim to continue their affiliation through the construction of Cutlass Solar II – the Turkish-based company’s first U.S. energy venture. Cutlass Solar II is expected to begin commercial operation in 2024 and will sell energy and renewable energy credits into the ERCOT market.
Cutlass Solar II is a photovoltaic electric generating facility in Fort Bend County, Texas. The solar power project will bring clean power to the Texas electricity markets and serve the load centers of Houston and Freeport. The 1,100-acre site is approximately 40 miles southwest of Houston and construction is expected to begin in fourth quarter of 2022.
The sale of Cutlass Solar II is the second and final phase of Advanced Power’s Cutlass Solar projects. The first phase was completed when Cutlass Solar began operations in July 2022, delivering electricity to the ERCOT power grid during periods of peak demand.