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

Minister Dubravka Dedovic Djedovic Handanovic Female Leader of Energy Transition award

Minister Dubravka Đedović Handanović receives Female Leader in Sustainable Energy award

29 September 2023 - President of CPOR and Cofounder of WISE Serbia Branislava Jovičić handed the Female Leader in Sustainable Energy award to Minister Dubravka Đedović Handanović

Bulgaria-add-42-GW-wind-outside-protected-areas

Bulgaria could add as much as 42 GW from wind outside protected areas

29 September 2023 - A study found that Bulgaria is expected to increase its total wind power capacity by...

Alcazar Energy fund acquires rights wind power Bijela Montenegro

Alcazar Energy fund acquires rights to wind power project Bijela in Montenegro

28 September 2023 - Luxembourg-based Alcazar Energy took over the Bijela wind farm project in Šavnik in Montenegro, of 118 MW

tesanj mayor suad huskic solar energy

Solar to cover 70% of local electricity demand in Tešanj in BiH

28 September 2023 - The Municipality of Tešanj is one of the most successful in the use of renewable energy sources in Bosnia and Herzegovina