Renewables

EBRD mulls equity investment in Turkish renewable energy business

Photo: Pexels

Published

May 22, 2018

Country

Comments

0

Share

Published:

May 22, 2018

Country:

Comments:

0

Share

The European Bank for Reconstruction and Development (EBRD) is considering an equity investment, in the form of capital increase, in Turkish renewable energy firm Ictas Yenilenebilir Enerji Uretim ve Ticaret.

The portfolio of the renewable energy firm, a unit of IC Ictas Enerji Yatirim Holding, consists of around 400 MW of operational hydropower plants and numerous renewable projects in the pipeline.

The EBRD project objective is to support the development and construction of new renewable power generation projects located across several regions of Turkey.

Ictas Yenilenebilir Enerji intends to expand by developing additional renewable energy generation assets, including wind farms, solar plants, and hydropower plants, through inorganic growth mainly, according to a project summary document on the EBRD’s website.

The target board date is July 4.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

drina-hydropower-plants

Court annuls environmental permit for Drina hydropower project

02 May 2024 - The construction of large hydropower plants on the Drina is facing new delays, after a court ruling to scrap the environmental permit for HPP Foča

el-dorado-electricity-imports-north-macedonia-rke

North Macedonia: ‘Solar El Dorado’ cuts electricity imports to 2.75%

02 May 2024 - In 2023, North Macedonia's new solar capacity increased by as much as 251% compared to 2022

EU-completing-Green-Deal-Industrial-Plan-Net-Zero-Industry-Act

EU completing Green Deal Industrial Plan as Net Zero Industry Act awaits go-ahead

01 May 2024 - The European Union's Net Zero Industry Act is about to come into force, completing legislative work within the Green Deal Industrial Plan

Dubravka Dedovic Djedovic Handanovic reappointed Serbia minister of energy mining

Dubravka Đedović Handanović reappointed as Serbia’s minister of energy, mining

30 April 2024 - Minister of Energy and Mining Dubravka Đedović Handanović is keeping her seat in the new cabinet while Minister of Environmental Protection Irena Vujović is also becoming deputy prime minister