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

Montenegro EPCG trial run of first wind park Gvozd

Montenegro’s EPCG starts trial run of its first wind park – Gvozd

10 May 2026 - EPCG launched the trial operation of its first wind power plant. Gvozd would be the biggest in Montenegro when the second phase is completed.

Hellenic Hydrogen wins European Hydrogen Bank grant with lowest bid

Hellenic Hydrogen wins European Hydrogen Bank grant with lowest bid

08 May 2026 - The European Hydrogen Bank (EHB) approved EUR 1.09 billion in the third auction. A Greek JV won with the lowest bid in the general category.

croatia cropex koer ante mikulic ceo

CROPEX CEO leaves power exchange to join aggregator KOER

08 May 2026 - A similar move – transitioning from a high-ranking position in the public sector to a private company – recently took place in Slovenia as well

electricity meter ppc energie romania zero cost

PPC Energie rolls out Romania’s first zero-cost electricity scheme

08 May 2026 - Power supplier PPC Energie has launched a pilot project offering free electricity during certain hours of the day to customers with smart meters