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Houston-area solar farm project secures $185M in financing, names engineering firm

The Fort Bend County project is expected to begin construction early next year. Photo by Red Zeppelin/Pexels

A solar project in Fort Bend County has secured funding and an engineering firm this month.

Impact investment firm Advantage Capital has committed to provide a $185 million investment to Sabanci Renewables Inc., a North American subsidiary of Sabanci Holding based in Austin, to complete the financing of its Cutlass Solar II project 40 miles southwest of Houston. Cutlass II is a 272 MWdc utility-scale solar project under construction in the Electric Reliability Council of Texas (ERCOT).

The project will be located in Fort Bend County. Advantage Capital’s tax equity investment will provide the external capital for Sabanci to complete the project. Sabanci Renewables will own and operate the facility.

“This investment with Sabanci Renewables perfectly aligns with Advantage Capital’s commitment to funding clean energy projects nationwide and will especially have a positive impact on the community in greater Fort Bend County, Texas,” Tom Bitting, Principal at Advantage Capital, says in a news release. “We are thrilled to be working with Sabanci, a trusted name in the global energy industry, in bringing this project online for the benefit of its stakeholders.”.

Operations for Cutlass II are expected in April 2024. The project includes over 500,000 solar panels situated on over 1,000 acres of land. The solar panels are expected to help provide sustainable electricity to more than 80,000 homes in Texas, help to mitigate energy supply security concerns due to hotter weather, and create jobs.

“We are happy to partner up with Advantage Capital in our first renewable energy project in the U.S. and proud to demonstrate our execution capabilities in such a competitive market under such a challenging environment,” Ismail Bilgin, CEO of Sabanci Renewables, said in a news release.

Virginia-headquartered Bechtel, which has a big presence in Houston, has been selected to build the facility for Sabanci Renewables. Sabanci Renewables will own and operate the facility.

"Bechtel is honored to partner with Sabanci Renewables to support a clean energy future," says Kelley Brown, EPC Operations manager, North America Core Renewables, Bechtel Infrastructure, in another news release. "Bechtel's use of new technology in robotics and digital management will help move Cutlass Solar Two from construction to operations in record time, bringing additional renewable energy generation to Texas."

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A View From HETI

Jian Shi, Chuyue Wang and Kailai Wang have developed a model that aims to make recycling e-waste economically viable and help recover critical minerals needed for EVs. Photo courtesy UH.

The “missing link” in critical minerals may have been in our junk drawers all along, according to new research from the University of Houston.

Jian Shi, an associate professor in the UH Cullen College of Engineering, and his team have unveiled a new supply chain model that aims to make e-waste economically viable and could help make large-scale recycling possible.

Shi, along with professor Kailai Wang and graduate researcher Chuyue Wang, published the work in a recent issue of Nature. Their study outlines how gold, lithium and cobalt from discarded electronics can be kept circulating in the U.S. through the process of “urban mining.” It was supported by the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) through the Vehicle Technologies Office.

The team’s research found that e-waste is the fastest-growing solid waste stream in the world. When waste from smartphones or tablets is left unmanaged, the devices can leak hazardous waste and pose significant fire risks due to aging batteries. Additionally, when they are shipped off to foreign landfills, the U.S. loses the potential to recycle or reuse the critical minerals left inside.

“A lot of people have iPads or old iPhones sitting in their drawers right now, and that’s a waste of a critical resource,” Shi said in a news release. “Urban mining allows us to extract the same high-value materials found in traditional mines without the environmental destruction. More importantly, it helps secure our domestic supply chain for the technologies of tomorrow.”

According to UH, recycling e-waste has not succeeded in the U.S. due to a fragmented recycling system, in which manufacturers, collectors and recyclers operate separately, driving up costs.

The UH team's research looks to change that.

In the study, the researchers modeled streamlined recycling efforts by mapping the interactions between manufacturers and independent recycling markets. Their dual-channel closed-loop supply chain (CLSC) model identified how these players can transition from competitors to partners, which can distribute profits more equitably and make recycling efforts more financially attractive.

According to UH, the research has particular significance due to the growing demand for electronic vehicles and their batteries.

“We can improve the performance of the entire recycling ecosystem and make the profit distribution more balanced,” Wang said in the release. “This ensures that the materials we need for EVs and advanced electronics stay right here in the U.S.”

“By making recycling work at scale, we aren’t just cleaning up waste,” Shi added. “We’re building a foundation that benefits both our national security and our economy.”

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