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

0

Share

Published:

September 23, 2020

Country:

Comments:

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

Etem Gestamp ppa solar private equity fund growth

Automotive components producer Etem Gestamp signs PPA deal in Bulgaria

07 August 2022 - Private Equity Fund - Growth and Etem Gestamp have signed a ten year power purchase agreement for 4 GWh of solar energy

Turkey one third world geothermal greenhouses

Turkey accounts for one third of world’s geothermal greenhouses

05 August 2022 - The surface of greenhouses heated with geothermal energy in Turkey grew 400% since 2002, says Mücahit Kıvrak from the Balıkesir University

Ravno municipality BiH solar wind power 200 MW

BiH’s Ravno municipality inks 200 MW in solar, wind power capacities

04 August 2022 - Investors signed contracts for wind and solar power plant of over 100 MW and a photovoltaic unit of up to 100 MW in Ravno in BiH

Two-wind-farms-Croatia-corporate-PPA-deal-leave-FiT-subsidy-scheme

Two wind farms in Croatia enter merchant PPA deal, leave FiT subsidy scheme

02 August 2022 - Wind parks ZD 6 and ZD 2 & 3 are among the first renewable energy plants to voluntarily leave Croatia's feed-in tariff subsidy scheme