Renewables

EBRD mulls equity investment in Turkish renewable energy business

Photo: Pexels

Published

May 22, 2018

Country

Comments

comments icon

0

Share

Published:

May 22, 2018

Country:

Comments:

comments icon

0

Share

The European Bank for Reconstruction and Development (EBRD) is considering an equity investment, in the form of capital increase, in Turkish renewable energy firm Ictas Yenilenebilir Enerji Uretim ve Ticaret.

The portfolio of the renewable energy firm, a unit of IC Ictas Enerji Yatirim Holding, consists of around 400 MW of operational hydropower plants and numerous renewable projects in the pipeline.

The EBRD project objective is to support the development and construction of new renewable power generation projects located across several regions of Turkey.

Ictas Yenilenebilir Enerji intends to expand by developing additional renewable energy generation assets, including wind farms, solar plants, and hydropower plants, through inorganic growth mainly, according to a project summary document on the EBRD’s website.

The target board date is July 4.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Open call for green hydrogen combined heat and power pilot project in Western Macedonia

Open call for green hydrogen high-efficiency CHP pilot plant in northern Greece

04 July 2025 - The Greek government has opened a call for a pilot CHP unit in Western Macedonia that would run on green hydrogen

Foreign renewable energy investors remain committed to Romania as large plants coming online

Foreign renewable energy investors remain committed to Romania as large plants coming online

04 July 2025 - Renewable energy companies from abroad aren't intimidated by negative power prices in Romania, especially with the BESS segment accelerating

projects euros modernisation fund celan energy

EU’s Modernisation Fund disburses EUR 3.66 billion for clean energy projects in nine countries

04 July 2025 - Focusing on renewables, grids, storage, and energy efficiency, the funds will support projects in Croatia, Slovenia, Greece, and Romania.

sostanj coal fired plant unit 6

Slovenia’s sole coal-fired power plant Šoštanj to keep main unit offline until fall

04 July 2025 - The 600 MW unit at Šoštanj will not be restarted until the end of September, when demand for heat is set to rise.