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 […]
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 reported. The licensing and bureaucratic processes related to the investment SDIC Power plans have been completed, the daily wrote, adding that SDIC Power is expected […]
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 to determine whether the integration of energy storage in the future solar auctions has the potential to further cut energy costs, news agencies have reported, […]
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 USD 330 million to finance electricity distribution investments. The lending from the European Bank for Reconstruction and Development (EBRD), IFC, a member of the World […]