OCI Holdings Sells 100MW Solar Project in Texas, U.S.

Final Approval for 100MW Lucky7 Solar Project
Partnership with Sabanci Renewables
Project to Power 30,000 Households;
AI Data Center Boom Drives Local Energy Demand

OCI Holdings announced on August 19 that its U.S. solar subsidiary, OCI Energy, completed the final approval process on August 13 (local time) for the sale of the 100-megawatt (MW) Lucky7 project rights to Sabanci Renewables.

Aerial view of the Alamo1 solar power project in Bear County, San Antonio, Texas, USA, operated by OCI Energy, a subsidiary of OCI Holdings. OCI Holdings

Sabanci Renewables is a Turkish energy company that develops and operates solar projects in the United States. The two companies established their first strategic partnership through the successful sale of the 120MW Pepper project in the second quarter of this year.

Previously, OCI Energy completed the initial development phase of the project, including site acquisition, pre-construction surveys, permitting, and grid interconnection. Now, with the project rights acquired, Sabanci Renewables will be responsible for the construction, operation, and management of the power plant.

The Lucky7 project involves building a 100MW utility-scale solar power plant in Hopkins County, northeast of Dallas, Texas. The facility will be constructed on approximately 3 million square meters of land, an area comparable to Yeouido in Seoul.

Once development is completed in 2027, the project is expected to generate enough electricity to power about 30,000 four-person households in Korea for one day. Notably, a 3GW Matrix data center is also under construction in Hopkins County and is scheduled for completion by 2028, which is expected to significantly increase local power demand.

An OCI Holdings representative stated, "With the successful development and sale of three projects-Sunlofer, Pepper, and Lucky7-totaling 480MW just this year, our U.S. solar business is now on a stable growth trajectory. Going forward, we plan to accelerate the development and sale of energy storage system (ESS)-linked projects that can supplement the intermittency of solar power, in line with the AI data center construction boom currently concentrated in Texas."

This content was produced with the assistance of AI translation services.