EBRD sets EUR 100 million for Vakıfbank to on-lend
The European Bank for Reconstruction and Development said it approved EUR 50 million or its equivalent in dollars or Turkish liras to Vakıfbank (Türkiye Vakıflar Bankası t.a.o.) under the Turkey Sustainable Energy Financing Facility 3 (TurSEFF 3). Another EUR 50 million was set under Turkey Sustainable Energy Financing Facility Framework Ext 1 (TurSEFF 2). The […]
No immediate impact of coup on solar power sector
Western analysts are concerned the fallout from the failed military coup of July 15 will weigh heavily on Turkey’s shaky democracy and increase president Recep Tayyip Erdoğan’s authoritarianism, according to an article in PV Magazine’s portal, which notes investors gauge political stability of markets as turmoil lifts expenses. In the short term, the photovoltaic sector […]
LM Wind Power breaks ground for wind turbine blade plant
A facility in Bergama Organized Industrial Zone (BOSBI), set to start production by the middle of next year, is designed to produce enough wind blades for the capacity of 500 MW per year, with an option to raise it to around 2 GW. LM Wind Power, the world’s largest manufacturer in the segment, broke ground […]
State supports 234 renewable projects in 2015
Financial backing under the Renewable Energy Resources Support Mechanism (Yekdem) in Turkey was more than 2.5 times bigger than in 2014, according to Energy Market Regulatory Authority’s (EMRA) latest data, Anadolu Agency’s Energy News Terminal reported. Stimulation was approved for 234 facilities. Companies planning to generate electricity from renewables are eligible to receive funding depending on the project’s specific features. […]
Government in Ankara boosts transmission, distribution
More than TRY 5.6 billion (EUR 1.66 billion) was invested in the electricity transmission and distribution sector in Turkey last year, according to data released by the Energy Market Regulatory Authority (EMRA). Anadolu Agency’s Energy News Terminal reported 21 of the private electricity distribution companies invested more than EUR 1 billion. About 50% of investments […]
IFC assisting in waste sector, sustainable cities
A roundtable brought together international and local waste management companies, the nation’s metropolitan municipalities and the Ministry of Environment and Urbanization to help Turkey’s cities become more sustainable and combat the challenges of rapid urbanization. The event was organized by the International Finance Corporation, a member of the World Bank Group. Turkey’s population of 75 million produces […]
Turkey nearing 6 GW in wind energy
National potential for power generation from wind turbines is more than double its current installed capacity, which will reach 6 GW by the end of the year, compared to 4.76 GW in May, according to Mustafa Ataseven, president of Turkish Wind Energy Association (TWEA or Türeb). Speaking to Anadolu Agency on the eve of Global […]
Statkraft divesting largest hydro project outside Norway
The Çetin power plant in Turkey, which saw construction works suspended in February, is up for sale by its Norwegian developer. State-owned Statkraft said it is hiring Garanti Securities as a financial advisor in the bidding process, with a deadline for expressions of interest expiring on August 1. As fights between government forces and the […]
