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Vakıfbank

July 27, 2016

EBRD sets EUR 100 million for Vakıfbank to on-lend

The European Bank for Reconstruction and Development said it approved EUR 50 million or its equivalent in dollars or Turkish liras to Vakıfbank (Türkiye Vakıflar Bankası t.a.o.) under the Turkey…

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coup

July 18, 2016

No immediate impact of coup on solar power sector

Western analysts are concerned the fallout from the failed military coup of July 15 will weigh heavily on Turkey’s shaky democracy and increase president Recep Tayyip Erdoğan’s authoritarianism, according to…

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LM Wind Power

July 14, 2016

LM Wind Power breaks ground for wind turbine blade plant

A facility in Bergama Organized Industrial Zone (BOSBI), set to start production by the middle of next year, is designed to produce enough wind blades for the capacity of 500…

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state

July 7, 2016

State supports 234 renewable projects in 2015

Financial backing under the Renewable Energy Resources Support Mechanism (Yekdem) in Turkey was more than 2.5 times bigger than in 2014, according to Energy Market Regulatory Authority’s (EMRA) latest data, Anadolu Agency’s Energy News…

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Ankara

July 5, 2016

Government in Ankara boosts transmission, distribution

More than TRY 5.6 billion (EUR 1.66 billion) was invested in the electricity transmission and distribution sector in Turkey last year, according to data released by the Energy Market Regulatory…

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June 28, 2016

IFC assisting in waste sector, sustainable cities

A roundtable brought together international and local waste management companies, the nation’s metropolitan municipalities and the Ministry of Environment and Urbanization to help Turkey’s cities become more sustainable and combat the challenges…

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June 14, 2016

Turkey nearing 6 GW in wind energy

National potential for power generation from wind turbines is more than double its current installed capacity, which will reach 6 GW by the end of the year, compared to 4.76…

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June 13, 2016

Statkraft divesting largest hydro project outside Norway

The Çetin power plant in Turkey, which saw construction works suspended in February, is up for sale by its Norwegian developer. State-owned Statkraft said it is hiring Garanti Securities as…

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June 7, 2016

Hydropower plants with 376 MW in total to be privatized

Turkey will sell five hydropower units in Kayseri, Kahramanmaraş and Tokat in the central part of the country, the Official Gazette said, as reported by Anadolu Agency’s Energy News Terminal….

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June 5, 2016

Toshiba to supply geothermal plant with flash turbine

Zorlu Energy – Enerji Elektrik Üretim AŞ, independent power producer and member of Zorlu Energy Group – Grubu, will construct its 95 MW power plant Kızıldere 3 using solutions provided…

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May 16, 2016

Turkey to return incentives for power plants on coal

The government of Turkey is set to reintroduce incentives and environmental exemptions for coal-fired power plants, Hürriyet Daily News reported. The measures were cancelled by the Constitutional Court over ecological concerns. The draft…

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May 13, 2016

IFC supports green bond to mobilize private funds

International Finance Corporation, member of the World Bank Group, said it invested USD 50 million (EUR 44.7 million) in a green or sustainable bond issue of the Industrial Development Bank…

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