Turkish chemicals firm gets EUR 15 million loan from EBRD to contribute to greener tire production
The European Bank for Reconstruction and Development (EBRD) is lending EUR 15 million to Turkish chemicals maker Egesil Kimya Sanayi ve Ticaret A.S., majority owned by Germany’s Evonik Industries, to increase production of precipitated silica, a key component of energy-efficient tires that reduce carbon emissions, according to a news release from the EBRD. The loan […]
Tendering for 4 wind farms launched, ceiling price set at USD 0.055/kWh
Turkey’s Energy and Natural Resources Ministry has launched tendering for the construction of four wind farms with a total installed capacity of 1,000 MW, according to reports. This is the second wind power tendering announcement issued by the ministry. In August last year, the ministry awarded a 1 GW wind farm to a consortium including two Turkish […]
Exergy to supply first-ever Made-in-Turkey generator for 10 MWe geothermal power plant
Exergy, a subsidiary of Italy’s Maccaferri Industrial Group, has attained the Turkish Certification for local manufacturing of generators thanks to collaboration with Nidec ASI, a multinational specialized in heavy duty industrial applications, according to a press release from Exergy, the producer of the Organic Rankine Cycle (ORC) systems for electricity production from renewable energy sources and waste heat […]
Istanbul’s deposit system lets you pay transit fare with recyclables
As cities around the world start deploying deposit systems, Istanbul, with a population of nearly 15 million, has taken its efforts to increase recycling rates a step further. It now allows residents to top up public transportation cards by trading in plastic bottles or aluminum beverage cans. As part of the Turkish city’s deposit system […]
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 build four new wind farms and nine solar photovoltaic (PV) plants with a combined capacity of 327 MW. Akfen Renewable Energy is providing USD 167 […]
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 be included at one of the three sites in question, according to reports. Around 500 MW has been assigned to the Sanliurfa-Viransehir site and 200 […]
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 EUR 250 million project to build its second metro line. Metro development in Izmir represents a major investment in zero-emission transport at the local level. […]
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. The funds will be invested in building four new wind farms and nine solar photovoltaic (PV) plants with a combined capacity of 327 MW, the […]
