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  - OCI Energy completes sale of 100 MW Lucky 7 Solar Project to Sabanci Renewable

  - Project to be developed in Hopkins County, Texas, with commercial operation targeted for 2027

  - Expected demand boost from AI data center construction and upcoming expiration of the federal Investment Tax Credit (ITC)

OCI Holdings announced today that its U.S. solar subsidiary, OCI Energy, has completed the sale of the Lucky 7 Solar Project, a 100 MW utility-scale facility planned for Hopkins County, northeast of Dallas, to Sabanci Renewables. The transaction received final approval on August 13. 

Sabanci Renewables, a Türkiye-based energy company active in U.S. solar development and operations, first partnered with OCI Energy in the second quarter of this year through the successful sale of the 120 MW Project Pepper.

OCI Energy completed all early-stage development work for Lucky 7, including site acquisition, site due diligence, permitting, and grid interconnection approvals. Sabanci Renewables will now lead the project’s construction, commissioning, and operations.

Spanning approximately 745 acres (about 3 million m²), equivalent to the size of Yeouido in Seoul, the Lucky 7 Solar Project is expected to enter commercial operation in 2027. Once operational, it will generate enough electricity to power around 30,000 households for a day, based on the average consumption of a family of four.

Hopkins County is also set to host the construction of the 3 GW Matrix Data Center by 2028, which is expected to drive a significant surge in local power demand.

“Following Sun Roper, Pepper, and now Lucky 7, we’ve already closed 480 MW of project development and sales this year alone, putting our U.S. solar business on a strong growth trajectory,” said an OCI Holdings spokesperson. “We plan to accelerate the development and sale of ESS-integrated solar projects to complement solar’s intermittency, especially as demand rises from the ongoing AI data center construction boom in Texas.”

In addition, short-term demand for solar development is expected to intensify ahead of the anticipated sunset of the ITC (Investment Tax Credit) under the OBBBA, with Texas emerging as a key hub for U.S. solar driven by large-scale infrastructure investments from leading technology companies such as OpenAI and Oracle.