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October 11, 2018

Akfen secures USD 363 million in lending for USD 530 million renewables project

Akfen Renewable Energy, the renewables arm of Turkey’s Akfen Holding, has secured a total of USD 363 million in lending from six banks for its USD 530 million project to…

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October 4, 2018

Turkey to launch 1 GW solar tender in January, include storage at one site – ministry

Turkey’s Ministry of Energy and Natural Resources has announced that a 1 GW solar tender will be launched in January, with a 30 MW/ 90 MWh (AC) storage project to…

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September 14, 2018

Izmir secures EUR 80 million loan for EUR 250 million investment in low-carbon metro

Izmir, Turkey’s third-largest city with a population of close to 4.2 million, has secured a EUR 80 million loan from the European Bank for Reconstruction and Development (EBRD) for a…

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September 12, 2018

Akfen to build 4 new wind farms, 9 PV plants with EBRD’s backing of up to USD 102 million

The European Bank for Reconstruction and Development (EBRD) is providing a financing package of up to USD 102 million to the renewable energy arm of the Turkish conglomerate Akfen Holding….

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August 22, 2018

IBC Solar commissions new PV plant, as lira crisis rattles solar market, but is also seen as opportunity

The Turkish subsidiary of German photovoltaic (PV) systems and energy storage company IBC Solar AG has commissioned a turnkey solar energy project with a total capacity of 1.161 MWp in…

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August 15, 2018

EBRD seeks geothermal, offshore wind consultants for Turkey

The European Bank for Reconstruction and Development (EBRD) has invited technical and financial proposals from consultants to produce a study of the overall short- and long-term geothermal district energy potential…

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July 30, 2018

QNB Finans Leasing gets EUR 25 million loan from EBRD to finance energy efficiency investments

QNB Finans Finansal Kiralama A.S., a leasing subsidiary of Turkey’s QNB Finansbank, has received a EUR 25 million loan from the European Bank for Reconstruction and Development (EBRD) to on-lend…

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July 20, 2018

BEAD – Converting commercial properties into intelligent digital buildings saving energy, reducing emissions

Energy consumption in buildings currently accounts for over 40% of all energy consumed in Europe and US. Human behavior alone is the source of 20%-40% of energy waste in buildings….

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July 10, 2018

Turkey sets October 23 as bidding deadline for world’s largest offshore wind farm

The deadline to bid for Turkey’s first and the world’s largest offshore wind farm has been set at October 23. The 1.2 GW offshore wind farm will need to be…

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June 13, 2018

China’s SDIC Power eyes investment in 170 MW wind farm in Turkey – daily

China’s SDIC Power plans to build a 170 MW wind farm worth USD 300 million in Turkey’s Aegean provinces of Aydim and Manisa together with SGI Holding, Daily Sabah has…

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June 11, 2018

Turkey seeks to integrate energy storage into planned solar projects

The Turkish energy ministry has hired DNV GL, a Norway-based global quality assurance and risk management firm, to conduct a feasibility study on combined solar and energy storage solutions, seeking…

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June 4, 2018

OEDAS inks finance deals worth USD 330 million to upgrade distribution network

Turkey’s electricity distribution company Osmangazi Elektrik Dagitim (OEDAS), a subsidiary of Zorlu Energy Group, has signed project finance agreements with three international finance institutions (IFI) for Turkish lira-denominated lending worth…

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