World Bank supports geothermal energy development in Turkey
The World Bank supports Turkey with USD 289.8 million to encourage private sector investment in geothermal energy development. Geothermal energy projects in Turkey will be supported with an IBRD loan of USD 250 million and a Clean Technology Fund grant of USD 39.8 million, reported Anadolu Agency. The World Bank’s Board of Directors approved a […]
New EBRD support for renewable energy investments in Turkey
The European Bank for Reconstruction and Development (EBRD) is providing USD 55 million to Turkish lender Isbank to finance private investments in renewable energy and resource efficiency projects. The new agreement comes as a “part of the EBRD’s strategy to help Turkey meet a growing demand for electricity and diversify away from expensive imported fuel, […]
Exergy signed new contract for 24 MW geothermal ORC power plant in Turkey
Exergy and Bestepeler Enerji Üretim Ticaret A.s signed a new contract for the supply of a 24 MWe geothermal ORC power plant for a geothermal field near the town of Germencik in Aydin region on the country`s west. This contract follows the former contract signed in 2015, and represent another success of Italian manufacturer in Turkey. As […]
Turkey to build 1 GW solar power plant in Konya
Turkish minister of energy and natural resources Berat Albayrak announced the tender for the 1 GW photovoltaic solar power plant in Karapınar, Konya in December. In the announcement, he said that the “world’s largest photovoltaic solar plant will mark the new era for the renewable energy in Turkey”. It is expected that the United States, […]
Energy transition: majority of capacity additions come from renewables
Renewables are the fastest growing energy sector today, but there are still obstacles for its further development, primarily related to infrastructure and unpredictability of renewable supplies for the power production. These are some of the conclusions of the World Energy Congress 2016 held in Istanbul, Turkey, reported by the Anadolu Agency, congress’ global communication partner for 2016. Adnan Z. Amin, […]
Islamic Development Bank to provide financing for Turkish energy sector
Being a key development sector for the bank, energy projects in Turkey will receive “significant financial support over the next 10 years” from Islamic Development Bank (IDB), said Salah Jelassi, IDB`s Turkey director in an interview for the Anadolu Agency – Energy News Terminal. “In recent years IDB provided USD 540 million for energy projects […]
Limak looks for new projects in Albania
After the commissioning of a 73 MW hydropower and dam system Banja, Nihat Özdemir, board chairman of Limak Group, said this week that the Turkish company seeks other investment possibilities in Albania, as a developing economy and a candidate for membership in the European Union. He added Banja plant would start generating electrical energy soon. […]
Istanbul welcomes World Energy Congress 2016
From October 9 to October 13 Istanbul will become the capital of the world when it comes to energy – hosting the World Energy Congress 2016. The meeting will bring together world’s most influential decision makers, at the same time welcoming the speakers from 82 countries including 56 ministers. Also, World Energy Congress 2016 will […]
