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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

Babur Ozden is the founder and CEO of Aquanta Vision. Photo via LinkedIn

Houston-based climatech startup Aquanta Vision achieved key milestones in 2025 for its enhanced methane-detection app and has its focus set on future funding.

Among the achievements was the completion of the National Science Foundation’s Advanced Sensing and Computation for Environmental Decision-making (ASCEND) Engine. The program, based in Colorado and Wyoming, awarded a total of $3 million in grants to support the commercialization of projects that tackle critical resilience challenges, such as water security, wildfire prediction and response, and methane emissions.

Aquanta Vision’s funding went toward commercializing its NETxTEN app, which automates leak detection to improve accuracy, speed and safety. The company estimates that methane leaks cost the U.S. energy industry billions of dollars each year, with 60 percent of leaks going undetected. Additionally, methane leaks account for around 10 percent of natural gas's contribution to climate change, according to MIT’s climate portal.

Throughout the months-long ASCEND program, Aquanta Vision moved from the final stages of testing into full commercial deployment of NETxTEN. The app can instantly identify leaks via its physics-based algorithms and raw video output of optical gas imaging cameras. It does not require companies to purchase new hardware, requires no human intervention and is universally compatible with all optical gas imaging (OGI) cameras. During over 12,000 test runs, 100 percent of leaks were detected by NETxTEN’s system, according to the company.

The app is geared toward end-users in the oil and gas industry who use OGI cameras to perform regular leak detection inspections and emissions monitoring. Aquanta Vision is in the process of acquiring new clients for the app and plans to scale commercialization between now and 2028, Babur Ozden, the company’s founder and CEO, tells Energy Capital.

“In the next 16 months, (our goal is to) gain a number of key customers as major accounts and OEM partners as distribution channels, establish benefits and stickiness of our product and generate growing, recurring revenues for ourselves and our partners,” he says.

The company also received an investment for an undisclosed amount from Marathon Petroleum Corp. late last year. The funding complemented follow-on investments from Ecosphere Ventures and Odyssey Energy Advisors.

Ozden says the funds will go toward the extension of its runway through the end of 2026. It will also help Aquanta Vision grow its team.

Ozden and Marcus Martinez, a product systems engineer, founded Aquanta Vision in 2023 and have been running it as a two-person operation. The company brought on four interns last year, but is looking to add more staff.

Ozden says the company also plans to raise a seed round in 2027 “to catapult us to a rapid growth phase in 2028-29.”

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