Zorlu Energy merging its geothermal, renewables businesses for IPO
Zorlu Enerji Elektrik or Zorlu Energy intends to establish a renewables subsidiary and prepare it for an initial public offering. The new company, Zorlu Yenilenebilir Enerji, will focus on geothermal projects, according to the agenda prepared for the general assembly next month. Zorlu Jeotermal Enerji Elektrik, Zorlu Doğal Elektrik and Rotor Elektrik, fully owned subsidiaries […]
Electricity consumers in Turkey to get renewables-only tariff option
Starting in August, businesses and households in Turkey will be able to buy electricity generated exclusively from renewables and the state has drafted rules for guarantees of origin so that power producers can prove the source. The government in Ankara scheduled tendering for solar power plants with an overall capacity of 1 GW for October. […]
GGF, Yapı Kredi Leasing support renewables in Turkey with loan package of EUR 20 million
The Green for Growth Fund – GGF invested in Turkey’s Yapı Kredi Leasing for the fourth time. The senior loan of EUR 20 million is primarily intended for rooftop solar installations at industrial facilities. The Green for Growth Fund (GGF) said it provided a senior loan of EUR 20 million to Yapı Kredi Leasing, based […]
Limak to start last turbine at new 420 MW Çetin hydropower plant in Turkey
Production has started at three units in the 165-meter Çetin hydropower plant dam and Limak expects to bring another Francis-type turbine of 134.2 MW online soon. Limak Energy is becoming the third-largest private player in the hydropower sector in its home country as the portfolio should top 1 GW this month. The company is about […]
GE Renewable Energy to supply 52 wind turbines to Fina Enerji
GE Renewable Energy will deliver 52 of its 3 MW platform onshore wind turbines to Fina Enerji for four wind farms in Turkey: Bağlama, Tayakadın, Yalova, and Pazarköy. The deal also includes a 10-year servicing agreement. With a total capacity of 193 MW, the wind farms will produce enough clean energy to power the equivalent […]
Turkey to schedule 1 GW solar tender for third quarter
Turkey plans to complete the tendering procedure for 1 GW in solar power in the next quarter, Turkey’s Minister of Energy and Natural Resources Fatih Dönmez said during the online Turkey Energy Summit. The tendering procedure was first planned for January 2019, but it was later pushed back to April of this year, and then […]
Turkey to launch production at 1.2 GW hydropower plant on Tigris
The Ilısu project, designed for 4.12 TWh per year, is about to partially come online. Turkey has estimated energy production at the biggest hydropower plant on the river Tigris would be worth almost EUR 330 million per year. The first turbine has been tested at what will be the fourth-largest hydropower plant in the country, […]
Tokyo-based Enechange, Looop to run Turkish 13 MW solar park for ten years
A solar power plant in Denizli province, Turkey will be the first investment by the newly established Japan Energy Fund. The overseas-specialized decarbonized energy fund is founded by Tokyo-based companies Enechange Ltd. and Looop Inc. Joint rights to operate the 13 MW photovoltaic system, located about 300 kilometers south of Istanbul, will be purchased for […]