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 […]
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 Merkez near the Bulgarian border for Turkish textile company Edirne Giyim Sanayi, according to a press release from IBC Solar. The ground-mounted PV plant with […]
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 of Turkey, and identify and evaluate the feasibility of the most promising three sites for building such district energy systems, according to a request for […]
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 to small and medium-sized enterprises (SME) for energy efficiency investments. The EBRD loan is extended under the third phase of the Turkey Sustainable Energy Financing […]
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. This problem is being addressed by Turkish startup BEAD, an entrant in this year’s clim@ competition for startups organized by the Green for Growth Fund […]
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 built using equipment sourced at least 60% in Turkey, while no less than 80% of engineers to be employed on the project are to be […]