News

USTDA strengthens support for geothermal energy

Published

June 24, 2015

Comments

comments icon

0

Share

Published:

June 24, 2015

Comments:

comments icon

0

Share

United States Trade and Development Agency (USTDA) awarded a grant to Turcas BM Kuyucak Jeotermal Elektrik Üretim AŞ (TBK), a Turkish joint venture owned primarily by BM Holding and Turcas Energy Holding. The grant funds a feasibility study that will evaluate the technical and  financial specifications for a geothermal energy project with a capacity of 13.2 MW, the agency said in a press release.

„We are very proud to have supported, either directly or indirectly, a substantial amount of Turkey’s more than 300 MW of operational geothermal energy,” said Heather Lanigan, USTDA’s country manager. „This project in Kuyucak will expand on that success, and will also build upon USTDA’s continued efforts to support renewable energy deployment in Turkey.”

This grant is USTDA’s third feasibility study supporting geothermal development in Turkey, and follows the implementation of two USTDA-supported projects by Gurmat Energy Investment and Trade Co. and Zorlu Energy Group. To facilitate further collaboration, in 2013, USTDA hosted Turkish delegates on a weeklong reverse trade mission that familiarized participants with U. S. geothermal energy expertise, products and services. Building upon the success of the RTM, in 2014, USTDA organized a workshop in Ankara that brought together experts and companies from both Turkey and the United States to discuss new technologies, best practices and upcoming project opportunities, the agency said.

Related Articles

world bank prosumers solar financing republic of srpska

World Bank could finance 20,000 prosumers in Republic of Srpska

23 February 2026 - The World Bank intends to provide a loan for a prosumer project in the Republic of Srpska, with a financing decision expected as early as May

world ppa bloombergnef report 2025

Global clean PPA market shrinks for first time in nearly one decade

23 February 2026 - Tech giants contracted almost half of the total volume, and firm power deals are set to become dominant, according to a BloombergNEF report

Saudi Acwa USD 5 billion renewables investment Turkey

Saudi’s Acwa starts USD 5 billion renewables investment in Turkey

23 February 2026 - Saudi Arabian energy utility Acwa agreed to build two photovoltaic plants in Turkey, of 1 GW each. It is the first phase of a 5 GW plan.

europe zero emission urban buses transport environment

Electric vehicles clearly dominate European city bus market

23 February 2026 - Last year 60% of new city buses in the EU were powered by electricity, and hydrogen, according to Transport & Environment