Renewables

Enerjisa Uretim secures EUR 650 million to invest in wind farms

Enerjisa-Uretim-loan

Photo: Arkun Hes hydropower plant (Enerjisa Uretim)

Published

September 23, 2020

Country

Comments

comments icon

0

Share

Published:

September 23, 2020

Country:

Comments:

comments icon

0

Share

Turkey-based power utility Enerjisa Uretim has secured a EUR 650 million loan for renewable energy investments and reducing debt.

The loan has been provided by seven banks: Akbank, Garanti BBVA, Türkiye İş Bankası, HSBC, ING, TEB and İşbank AG.

The company has won an opportunity to install wind farms on the YEKA tender

İhsan Erbil Bayçöl, CEO of Enerjisa Uretim, said the company intends to invest funds from the loan in the construction of wind farms.

Last year the company won an opportunity to increase its total generation capacity to 4,107 MW with the capacity of 500 MW awarded in the second Renewable Energy Resources Zones (YEKA) tender, he said.

According to the local media, 56% of the company’s current installed capacity (3,600 MW) of power production is based on renewable energy sources, mostly hydropower plants.

The loan is approved under the Sustainability-linked Loan Mechanism, one of sustainable debt instruments in Turkey.

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

croatia geothermal energy potential crosco agency osijek

Croatia identifies another city with geothermal potential for district heating

30 August 2025 - The testing of an exploratory well near Osijek has confirmed the area's geothermal potential, says the Croatian Hydrocarbon Agency.

japan osmotic power plant fukuoka

Japan inaugurates world’s second osmotic power plant

29 August 2025 - Japan's first osmotic power plant began operations in early August. The facility in Fukuoka harnesses the natural process of osmosis.

slovenia power distribution voltage energy flows grid solar power plants

Reverse energy flows turn Slovenian distributors into power producers

28 August 2025 - On May 1 and 2, five Slovenian power distribution companies fed more electricity into the transmission grid than they withdrew.

energy traders europe cbam european commission

Energy Traders Europe calls for clear rules before CBAM implementation

28 August 2025 - Energy Traders Europe has sent proposals to the European Commission regarding the Carbon Border Adjustment Mechanism.